Community
Directive 2003/49/Ce of June 3, 2003
As of January 1, 2004 payments of interests and royalties
among companies of the same group resident in two EU countries,
must be exempt from withholding tax in the country of origin.
This important novelty has been established by the Community Directive,
aiming at radically eliminating all fiscal distortions in connection
with the application of withholding tax on interests and royalties.
In detail, royalty means any payments for a licence of a use of
copyrights, patents, trademarks, designs or models, etc...
As of the above date, when the Community Directive will come into
force, the bilateral treaties concerning withholding tax on royalties
between Italy and the other EU countries will cease to have effect.
August 5, 2003
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