Italy | Overview of recent tax developments including BEPS Pillar Two provisions

27 November 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, OECD, BEPS 2.0|Italy, European Union

Significant tax measures are being discussed as part of the announced tax reform and 2024 Budget Law process.
BEPS Pillar Two measures are being considered for approval, as are changes to domestic Controlled Foreign Corporation rules for coordination with the global minimum tax provisions.
Other draft changes include a special regime on business onshoring exemption, the review of tax residence rules and the repeal of the Notional Interest Deduction.

Executive summary

Several significant Italian tax …

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