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Image header Agence Europe
Europe Daily Bulletin No. 11164
ECONOMY - FINANCE - BUSINESS / (ae) taxation

Italy asked to change discriminatory inheritance tax rules

Brussels, 26/09/2014 (Agence Europe) - On Thursday 25 September, the European Commission asked Italy to amend its inheritance tax legislation, which discriminates against bequests to non-profit organisations in another EU member state or a European Economic Area state. Under Italian law, legacies to non-profit organisations pursuing public and social goals are tax-exempt. However, similar legacies to non-profit bodies established elsewhere in the EU/EEA are only granted tax exemption if...

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