Italy: Introduction of the Italian Financial Transaction Tax (IFTT)
Rumours are circulating in the market that the Italian Tax Authorities (ITA) may decide to postpone the effective implementation date of the Italian Financial Transaction Tax for shares (formerly set for 16 July 2013).
To date, the Italian Tax Authorities have not confirmed any postponement.
This is further to our previous communications on this subject in LM12026, dated 19 December 2012, L13027, dated 22 February 2013 and LT13016, dated 27 February 2013.
We are monitoring the progress of the implementation of the IFTT and will provide further information as it becomes available.
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