OrbitaxItaly Clarifies Transparent Entity's Eligibility for Reduced Dividend Withholding for Pension Funds and Tax Treaty Rates
|Approved Changes|Italy
The Italian Tax Authority has issued Ruling No. 156 of 28 May 2020 concerning whether dividend payments made to a transparent entity (an Authorized Contractual Scheme - ACS) holding/managing investments for UK pension funds can qualify for beneficial dividend withholding tax treatment in Italy, including:
- the 11% rate for Italian source dividends paid to pension funds established in EU/EEA Me…
