Provisions on the "Tax Shield"
Article 13-bis of Law Decree No. 1 of 2009 July 78 (hereinafter the "Decree"), converted into Law No. 102 of August 3, 2009, and amended by Decree Law No. 3 of 2009 August 103, reopens the road, after seven years from the first version of the provision called "tax shield", to the return to Italy of capital and financial and patrimonial assets held abroad, redefining the legislation aimed at allowing their emergence.
This circular, also drawn up in the light of the clarifications provided by the Ministerial Circular no. 43 of 10 October 2009, aims to offer a concise but precise overview of the technical methods, effects and opportunities related to the regularization procedure provided for by the Tax shelter.
Topics index
- Subjective assumption
- Objective assumption
- Method of emergence
- Enhancement of the activities that emerged
- Effects of emergence