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Italy Consulting on Draft Circular Clarifying CFC Regulations

|Proposed Changes|Italy
Italy

The Italian Revenue Agency is consulting on a draft circular that provides clarifications regarding the regulations for controlled foreign companies (CFCs) as amended by Decree No. 142 of 29 November 2018 for the implementation of the EU Anti-Tax Avoidance Directive. This includes detailed guidance regarding the scope of the CFC regulations, the control requirement, the level of taxation of re…

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