NEW RULES ON FOREIGN TRUSTS WITH GREY AREAS

Income distributions to Italian resident beneficiaries by certain opaque foreign trusts

The new tax regime, introduced by Article 13 of Law Decree no. 124 of 26 October 2019, concerning income distributions to Italian resident beneficiaries by certain opaque foreign trusts has resolves some problems of an interpretative nature, but, at the same time, presents some grey areas.