06 September 2016 Italy issues new guidance on CFC regulations The Italian Tax Authorities (ITA) issued Circular n. 35/E (the Circular) on August 4, providing extensive clarifications on the Italian Controlled Foreign Companies (CFC) regime. The Circular also summarizes the recent changes to the CFC rules introduced by 2015 and 2016 Budget Laws (Law n. 190/2014 and Law n. 208/2015) as well as by Legislative Decree n. 147/2015 (Internationalization Decree). Document ID: 2016-1492 |