New Italian law: 20% retention tax on bank transfers from abroad

17/02/2014 , No comments
As you may already know, a recently approved Italian law requires Italian banks to apply a 20% retention tax on income received from abroad. This law is applicable from the 1st February.
We have made a quick enquiry and it appears that our salaries are paid from an Italian bank account, therefore it seems that they are not affected.
However, we are investigating further to make sure there will be no future impact and are waiting for more official information from some Italian banks.
In case you have received any specific information from your bank or you have a specific question, please contact us!
We will be back with some more information as soon as we have it.

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