Exemption or refund under EU Parent Subsidiary Regime

The European Union Parent Subsidiary Regime aims at eliminating tax obstacles for profit distributions between parent companies and subsidiaries based in different Member States. The Directive therefore gives a tax exemption for dividends and other profit distributions paid by subsidiary companies to their parent companies. This eliminates the risk of double taxation of parent companies on the profits of their subsidiaries.

Business taxpayers can require the exemption from the Italian taxation on dividends and on other equivalent financial tools distributed by a subsidiary company in Italy to its parent company or its permanent establishment located in another Member State or claim the refund of the Italian tax withheld in case the exemption regime has not been directly applied.


In case of refund claims, taxpayers have to submit the request within 48 months from the date on which the tax was paid or withheld at source and send it to:

Agenzia delle Entrate – Centro Operativo di Pescara – via Rio Sparto, 21 65129 Pescara, Italia
Fax: 08552145
Email: cop.pescara.rimborsinonresidenti@agenziaentrate.it

In some cases and when the withholding agent agrees, the same forms can also be used for the direct application of the conventional benefit.

Further information about the Parent Subsidiary Regime here (https://ec.europa.eu/taxation_customs/business/company-tax/parent-companies-their-subsidiaries-eu-union_en)

Legislative references

Directive 90/435/EEC incorporated into Italian law by Legislative Decree 136/1993
Directive 2003/123/EC – Amendments - incorporated into Italian law by Legislative Decree 49/2007


Provvedimento del 10/07/2013 (IT) - Approvazione dei modelli di domanda per il rimborso, l'esonero dall'imposta italiana o l'applicazione dell'aliquota ridotta sui redditi corrisposti a soggetti non residenti in forza delle Convenzioni contro le doppie imposizioni sui redditi, della direttiva del Consiglio 90/435/CEE del 23 luglio 1990 (direttiva "madre-figlia") e della direttiva del Consiglio 2003/49/CE del 3 giugno 2003 (direttiva "interessi e canoni"), nonché approvazione del modello di attestato di residenza fiscale per i soggetti residenti

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