August 2016

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International Investment Opportunities: the new Italian White List

The approval of the decree of the Ministry of Economics and Finance on August 9, 2016, published in the Official Gazette August 22, 2016,  significantly updates the list of countries with which  Italy has an exchange of information.  The new whitelist contains 123 countries compared to the previous 73. Among the new countries included are Switzerland, Hong Kong, Liechtenstein, the Cayman Islands, and Saudi Arabia.  This will have a great impact on financial intermediaries who may, for example,  be able to exempt from withholding tax Italian real estate funds proceeds paid to pension funds and collective investment undertakings established in...

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