Belluzzo International Partners

May 29 2025
Recent clarifications from the Italian Revenue Agency regarding foreign trusts
Luigi Belluzzo Ivan Mastrototaro

In two tax rulings published on 28 May 2025 (Replies No. 144 and 145), the Italian Revenue Agency (“Agenzia delle Entrate”) revisited the ever-topical issue of the direct taxation of foreign trusts, addressing both the trust’s status as a taxable person and the levy on Italian-source income.
Feb 13 2025
End to the “reversal of the burden of proof” and “automatic” denials in CFC matters
Luigi Belluzzo Ivan Mastrototaro

The European Commission has closed the file opened upon AIDC’s report on Controlled Foreign Companies (CFC), concluding the procedure in a manner favorable to taxpayers.
Jan 29 2025
Club Deal in support of WOPTA Assicurazioni
Luigi Belluzzo Alberto Franceschetti Ivan Mastrototaro

Our firm structured the "W&F" Club Deal, in which a number of leading entrepreneurs and family offices invested in financial equity instruments.
Nov 25 2024
Investment management exemption | The new Italian rule to attract foreign investors - November 2024
Daniele Carlo Trivi Luigi Belluzzo Alessandro Belluzzo Alessandro Saini Lorena Pellissier Domenico Sannicandro Ivan Mastrototaro

On 19 November 2024, the Italian Tax Authorities issued Circular Letter n. 23/E/2024 aiming to clarify the IME rules. Our Focus Update provided a brief examination of the IME rules and of the clarifications provided by the Italian Tax Authorities.
Nov 13 2024
Why Italy | Doing Business in Italy
Luigi Belluzzo Enrico Rimini Alessandro Saini Ignazio Stefano Barone Valerio Vallefuoco Lorena Pellissier Alberto Franceschetti Ivan Mastrototaro

Our Guide for Foreign Investors is available on request and aims to provide a first reference of the relevant rules related to Italy from the perspective of a foreign investor.
Nov 11 2024
Tax Residence in Italy. The Italian Tax Revenue Office Guidelines
Luigi Belluzzo Alessandro Saini Lorena Pellissier Valerio Vallefuoco Domenico Sannicandro Ivan Mastrototaro

Our International Tax Team in Milan has made a first comment on Circular Letter 20/E of 4th November 2024.

Our Offices

VERONA

Vicolo Pietrone, 1/b
37123 Verona

+39 045 8005353

studio@belluzzo.net
MILAN

Via Andegari, 4
20121 Milan

+39 02 365 696 57

studio@belluzzo.net
LONDON

38, Craven Street
WC2N 5NG London

+44 (0) 20 7004 2660

london@belluzzo.net
SINGAPORE

101 Cecil Street #14-12
069533 Singapore

+65 6653 5361

singapore@belluzzo.net
LUGANO

Via Serafino Balestra, 10
6900 Lugano

+41 (0) 91 2520780

lugano@belluzzo.ch
ROME

Viale Regina Margherita, 294
00198 Rome

+39 06 442 515 09

studio@belluzzo.net
ABU DHABI

Level 12, AI Sila Tower, ADGM Square, AI Maryah Island
Abu Dhabi

+971 58 556 7828

uae@belluzzo.net

Belluzzo International Partners is a multidisciplinary, international and independent professional boutique that provides consultancy in the areas of Wealth, Law, Tax, Finance.

Our Offices

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A family business firm for business families

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