TAX ISSUES RELATED TO MILAN EXPO 2015

Tax issues related to the Milan Universal Exposition of 2015

The Italian "Agenzia delle Entrate" (Tax Agency) has recently published a document (Circolare n.26/E 2014) related to EXPO 2015. This document aims at helping foreign subjects interested in participating in the Milan Universal Exposition, and searching for assistance in matters regarding the Italian Tax system.

 

TAX EXEMPTION FOR OFFICIAL AND NON-OFFICIAL PARTNERS

In order to simplify the realization and the participation in Milan Expo 2015, Official and Non-Official Partners benefit of particular tax special regimes for both direct and indirect tax purposes. This regards special concessions usually set out in the Agreements signed by the BIE (Bureau International des Expositions), plus other concessions, which are those provided by the ordinary Italian tax system for the taxpayers generalities.

Hereinafter you can find described the tax special regime provided by the Agreement for Official and Non-Official Partners.

Income relevance - exemption from IRES[1], IRPEF[2], IRAP[3] and related surcharge

VALUE-ADDED TAX (VAT)

REGISTRATION FEE AND OTHER INDIRECT TAX EXEMPTIONS

 


[1] IRES (Imposta sul Reddito delle Società): Italian corporate income tax
[2] IRPEF (Imposta sul Reddito delle Persone Fisiche): a personal income tax

[3] IRAP (Imposta Regionale sulle Attività Produttive): Italian regional tax on productive activities