The contribution of Marina Lombardo in WTS Global Financial Services Newsletter # 1/2023

A new “safe harbour” from Permanent Establishment exposure encourages the transfer of fund’s managers in Italy (traders, deal teams, local partners or other). Under the Investment Management Exemption rule contained in the paragraph 255 of the 2023 Italian Budget Law the fund’s manager is always considered an independent agent of the foreign investment vehicle if certain conditions are met, including the drafting of the transfer pricing documentation.

If you wish to know more about this topic, please read our Managing Associate Marina Lombardo contribution in WTS Global Financial Services Newsletter, presenting the taxation-related news from 13 countries with focus on the International Financial Services industry.