Interests on foreign loans: no taxation in tax declarations

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Consulenza tributaria e tax compliance

By the Resolution no. 84/E, the Tax Agency clarified that the interests on medium and long term loans granted by foreign banks to companies resident in Italy shall not be subject to taxation. Such rule not only applies in accordance with the law – which excludes the applicability of the withholding tax – but also because there is no obligation to file a tax declaration for those interests.

The full article in Italian can only be read by subscribers of IPSOA.