Foreign investments require specific expertise and the continuous monitoring of latest developments. Our Italy Desk focuses on these challenges and provides services for both inbound and outbound situations.
Global Tax Services
The Italy Desk is part of the tax and legal practice of Meijburg & Co in the Netherlands. Meijburg & Co is part of KPMG’s international network. KPMG currently operates in 147 countries and employs 219,000 people. Such a large network means there is a vast reservoir of knowledge available to us to assist our clients with their global expansion. Our global lines of communication are short, so we adapt quickly to changing circumstances and new developments in both international and local tax law. The close collaboration with our KPMG office in Milan ensures that we can combine our efforts and make Italy your new home of (outbound) investment.
We also have extensive experience with Italian multinational clients that have expanded their business internationally using the Netherlands as their base (inbound structures). The Netherlands offer a stable tax environment with an extensive treaty network which inbound and outbound investors can rely on. The Netherlands further offers an easy application of the participation exemption regime and withholding tax exemption (subject to anti-abuse regulations) on dividend distributions to qualifying companies resident in an EU Member State or treaty county (including Italy).
What does the Italy Desk offer?
Italy and the Netherlands are both founding members of the European Union and have implemented EU-(tax) legislation into national law. This ensures that residents of either country are not confronted with double taxation. In cases dispute resolution is necessary, EU legislation provides for the right tools to provide double tax relief between the Netherlands and Italy. The Italian Desk has expertise in many areas, for example the dispute resolution between Italy and the Netherlands, mergers and acquisitions, applicability of the dividend withholding tax exemption. Through our Italy Desk and knowledge in these areas we assist Dutch investors and MNEs with setting up solid and efficient investment structures in Italy and Italian companies with setting up their international structure through the Netherlands, both through incorporation and acquisition.
The services offered by our Italy Desk include:
- A single point of contact and liaison for tax-related services related to Italy and the Netherlands
- Tax compliance for companies and branches in Italy and the Netherlands
- Reviewing corporate structures based on latest developments in international tax law (e.g. BEPS, MLI and EU directives)
- Advice on transfer pricing policies and local transfer pricing documentation obligations
- Tax due diligence in both Italy and the Netherlands
- Tax structuring for investments in Italy or in the Netherlands (both outbound and inbound)
- Extensive knowledge in dispute resolution.
