A special stamp tax has been introduced in Italy on financial assets declared on the basis of provisions regulating the «Scudo Fiscale» (Tax Shield Act). The new tax will apply to taxpayers who took advantage of the tax shield in the past and decided to keep the declared assets segregated

The Italian legislator has introduced in 2011 a tax on financial assets held abroad by Italian residents. The Italian Revenue Agency has recently published an important document of interpretation of the rule concerned

Italy has recently introduced a financial transactions tax, applied on a range of financial assets, from equities to derivatives, with an emphasis on high frequency trading

The new Italian fiscal rules on financial leasing, a tool that uses finance leases to leverage assets, will allow businesses to diversify investments and free up resources for different goals

After the 1st July 2014 the tax rate on financial income in Italy will be increased from 20% to 26%. The higher financial levy will also apply to interests on bank accounts and deposits and postal deposits, but not to Treasury bonds and bonds of other countries

The Italian Government has introduced significant changes to the tax treatment of capital gains and other financial incomes. The new fiscal framework will impact on Italian financial markets in 2012 influencing investors’ choices.

The Italian stability law approved in December 2013 has modified the fiscal treatment of loans and credit losses, thus mitigating the effects of the previous discipline that placed Italian banks in a position of competitive disadvantage in Europe

Recent legislation has significantly modified three aspects of the taxation of financial instruments and intermediaries in Italy: closedend real estate funds, stock options, taxation of social loans of cooperatives.