The Commission has asked Italy for information regarding preferential tax regimes for co-operatives operating in the retail, distribution and banking sectors in Italy. At this preliminary stage the tax measures may not constitute state aid.
The Commission has asked Italy for information regarding preferential tax regimes for co-operatives operating in the retail, distribution and banking sectors in Italy. At this preliminary stage the tax measures may not constitute state aid.
The main measures concerned by the analysis are:
- the deduction from the taxable income of the profits allocated to indivisible reserves
- the deduction from the taxable income of the cooperative bonuses (ristorni) distributed to members
- the tax reduction on interest paid to members for short-term deposits.
Press release
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