Executive summary
The Italian budget law for 2021 (the Budget Law)1 introduced a series of tax measures to generate economic stimulus in the local market.
The most relevant tax measures contained in the Budget Law relate to:
i. Tax step-up of goodwill and other intangibles
ii. Tax step-up of Italian participations by foreign shareholders
iii. Withholding tax exemption on dividends and capital gains for European Union (EU)/European Economic Area (EEA) investment funds
iv. Tax credit for the purchase of…