Italian Revenue Agency issue draft guidelines on asset management transfer pricing to support implementation of new Investment Management Exemption Regime

01 November 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, Transfer Pricing, Asset Management|Italy

The Italian Revenue Agency has released for public consultation a draft set of transfer pricing guidelines containing specific asset management guidance aimed at supporting the implementation of the Investment Management Exemption Regime introduced by the Budget Law 2023.
The draft guidance mainly addresses a requirement that for the IME to apply the Italian tax resident asset/investment manager or advisor (or the permanent establishment of the non-Italian tax resident entity) has received remune…

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