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Archive » May 2021 » Complete restyling for the Italian taxation on financial products held abroad

Complete restyling for the Italian taxation on financial products held abroad

Enzo Mignarri
May 2021 - n. 5
Keywords: Tassazione, Ivafe, Agenzia delle Entrate
Jel codes: H20, H21, H27

The Italian tax on the value of financial assets held abroad (Ivafe), established in 2012, was intended to subject these assets to taxation methods similar to those applied to assets held in Italy. Subsequently, this tax underwent a number of changes with regard to both the subjective and objective scope of application, with the dual aim of aligning this levy with that which investors suffer through stamp duty and of resolving some of the problems that Ivafe had raised in its practical application.

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