Newsalert - Real estate investment funds: withholding tax exemption for profits distributed by a real estate fund to a REIT of Singapore (clarifications by the Revenue Agency)


On 26 August 2019, the Italian Revenue Agency published the answer no. 345 to a request of tax ruling, which provides some clarifications on the tax regime applicable to profits distributed by an Italian real estate investment fund to a real estate investment trust (REIT) established in Singapore.

The clarifications will be relevant also for REITs established in other jurisdictions, since the Revenue Agency identifies some requirements that must be satisfied by a REIT in order to benefit from the withholding tax exemption on profits deriving by the investment in an Italian real estate investment fund.

Download an analysis on the topic by our Tax Department