New formulation of art. 96 of D.P.R. 917/1986
European Directive n. 2016/1164/UE, which has been implemented in Italy with a new Legislative Decree, modifies art. 96 of the Italian Corporate Tax Code. The new formulation if the above-mentioned article will be in force starting from January 1st, 2019.
The main changes introduced by the scheme of the new Italian Decree are related to the possibility for the taxpayer to bring forward the exceeding “Reddito Operativo Lordo” (so called ROL) for the following 5 fiscal years and the calculation method of the ROL itself. Moreover, the new formulation introduces changes regarding the passive interests deduction.
Our Professionals are available to provide further clarifications on the topic.