Newsletter | Tax 17/11/2023
Tax monitoring obligations for foreign insurance companies operating in Italy under the freedom to provide services
The Italian tax authorities released Ruling No. 62 on 13 November 2023 providing certain clarifications as to the tax monitoring obligations applicable to foreign insurance companies operating in Italy under the freedom to provide services. The Ruling confirms the position adopted by the Italian tax authorities in ruling No. 463 of 21 September 2022 and provides additional clarifications with respect to the financial intermediary subject to tax monitoring obligations in case several intermediaries are involved in the same transaction.