Italy has one of Europe’s most active leveraged buyout markets, and local regulators have been eager to ensure such activity is sufficiently taxed. LED Taxand’s Guido Arie Petraroli and Patrizio Braccioni explore recent legislative tax changes in Italy and Europe and how this will impact private equity activity.
The essential tax rules and patterns related to private equity transactions in Italy are described in Circular No. 6 of 30 March 2016 (Circular) of the Italian Tax Agency (ITA).
Although not much time has passed since then, many things have happened in the domestic and international tax and financial system, so it is important to go through the Circular again and understand whether substantial developments have taken effect.
This article will illustrate the new points when materially setting up acquisition structures or schemes.
Discover more: Tax developments and their impact on private equity investments in Italy
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