Newsletter | Tax 27/02/2024

The Investment Management Exemption (IME) provides for a safe harbour whereby, under certain conditions, the existence of an Italian personal or material PE of foreign investment vehicles as a consequence of the activities carried out in Italy by their asset or investment managers is excluded.

Chiomenti's professionals analysed the details of the IME, in light of the clarifications included in the Implementing Decree issued by the Italian Minister of Economy and Finance.