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Archive » November 2020 » Alternative Savings plans and new rules on Eltifs to bring more private capital to Smes

Alternative Savings plans and new rules on Eltifs to bring more private capital to Smes

Enzo Mignarri
November 2020 - n. 11
Keywords: Pir ordinari, Pir alternativi, Eltif, regime tributario
Jel codes: G23, H20, E20

The Italian regulation of Individual saving plans (Pir) has significantly changed in 2020, in order to convey savings towards the real economy and stimulate investments in unlisted companies and Smes, encouraging further diversification of investors’ financial portfolios. New rules have been introduced to channel investments towards Smes, allowing each taxpayer to add to an ordinary Pir also an alternative Pir, with specific investment constraints.

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