Executive summary
By judgment No. 1967/2020,1 recently made broadly available to the general public by local reporting, the Italian Court of Cassation (CC) affirmed that the reduced 1.65% dividend withholding tax (WHT) set forth under article 27, paragraph 3-ter, of Presidential Decree No. 600 of 29 September 1973 (the Decree), is applicable to a Spanish management company that in 2006 received dividend distributions from Italian resident entities on behalf of 11 Spanish …