IFTT is a new financial transactions tax which was effective from 1 March 2013. Any transaction of shares or other financial instruments on Italian resident companies is subject to this tax.

Disclaimer
This Frequently Asked Questions (FAQ) aims to provide general information regarding the Italian Financial Transactions Tax (IFTT) which was effective from 1 March 2013. Clients should seek professional advice should they have enquires regarding the taxation consequences of trading/dealing stock(s) and derivative warrants of any companies registered in Italy. The information in this FAQ is based on public information and the content thereof has not been independently verified by Italian lawyers or tax advisors. Everbright Securities International （“EBSI”）does not represent or warrant, whether expressly or impliedly, the accuracy, validity, timeliness or completeness of any such information. EBSI expressly disclaims any liability and warranties whether express or implied, of fitness for a particular purpose, or duties of care, in favor of any person relying upon this FAQ.

Last Update: 2022-01-04

The applicable tax rate to the transfer of shares performed on the Hong Kong Stock Exchange is 0.10% in 2022 (0.22% in 2013). The applicable tax rate to the transfer of related derivatives is the fixed amount per contract based on the notional value of the contract, ranging from 0.01875 to 200 Euros. The above tax rates are for reference only, please refer to the official information.

Disclaimer
This Frequently Asked Questions (FAQ) aims to provide general information regarding the Italian Financial Transactions Tax (IFTT) which was effective from 1 March 2013. Clients should seek professional advice should they have enquires regarding the taxation consequences of trading/dealing stock(s) and derivative warrants of any companies registered in Italy. The information in this FAQ is based on public information and the content thereof has not been independently verified by Italian lawyers or tax advisors. Everbright Securities International ("EBSI") does not represent or warrant, whether expressly or impliedly, the accuracy, validity, timeliness or completeness of any such information. EBSI expressly disclaims any liability and warranties whether express or implied, of fitness for a particular purpose, or duties of care, in favor of any person relying upon this FAQ.

Last Update: 2022-04-01

The taxable value is calculated on the net increase in the stockholding by reference to the daily transactions on the particular shares.

Disclaimer
This Frequently Asked Questions (FAQ) aims to provide general information regarding the Italian Financial Transactions Tax (IFTT) which was effective from 1 March 2013. Clients should seek professional advice should they have enquires regarding the taxation consequences of trading/dealing stock(s) and derivative warrants of any companies registered in Italy. The information in this FAQ is based on public information and the content thereof has not been independently verified by Italian lawyers or tax advisors. Everbright Securities International (“EBSI”) does not represent or warrant, whether expressly or impliedly, the accuracy, validity, timeliness or completeness of any such information. EBSI expressly disclaims any liability and warranties whether express or implied, of fitness for a particular purpose, or duties of care, in favor of any person relying upon this FAQ.

Last Update: 2021-12-28

No, the tax rate and related regulations are subject to change without prior notice

Disclaimer
This Frequently Asked Questions (FAQ) aims to provide general information regarding the Italian Financial Transactions Tax (IFTT) which was effective from 1 March 2013. Clients should seek professional advice should they have enquires regarding the taxation consequences of trading/dealing stock(s) and derivative warrants of any companies registered in Italy. The information in this FAQ is based on public information and the content thereof has not been independently verified by Italian lawyers or tax advisors. Everbright Securities International (“EBSI”) does not represent or warrant, whether expressly or impliedly, the accuracy, validity, timeliness or completeness of any such information. EBSI expressly disclaims any liability and warranties whether express or implied, of fitness for a particular purpose, or duties of care, in favor of any person relying upon this FAQ.

Last Update: 2021-12-28

The IFTT is a newly imposed tax under the financial transactions tax law of Italy. At this stage, EBSI is consulting professional advice on the IFTT related issues. To minimise extra administration charges (if any) to our clients, EBSI will stop accepting any purchase order on any stock and derivative warrants in connection to the IFTT (e.g. PRADA S.p.A., stock code 01913 and its related warrants) before the consultation is completed, until further notice.

Disclaimer
This Frequently Asked Questions (FAQ) aims to provide general information regarding the Italian Financial Transactions Tax (IFTT) which was effective from 1 March 2013. Clients should seek professional advice should they have enquires regarding the taxation consequences of trading/dealing stock(s) and derivative warrants of any companies registered in Italy. The information in this FAQ is based on public information and the content thereof has not been independently verified by Italian lawyers or tax advisors. Everbright Securities International (“EBSI”) does not represent or warrant, whether expressly or impliedly, the accuracy, validity, timeliness or completeness of any such information. EBSI expressly disclaims any liability and warranties whether express or implied, of fitness for a particular purpose, or duties of care, in favor of any person relying upon this FAQ.

Last Update: 2022-01-04

No. But this may be subject to any changes without prior notice.

Disclaimer
This Frequently Asked Questions (FAQ) aims to provide general information regarding the Italian Financial Transactions Tax (IFTT) which was effective from 1 March 2013. Clients should seek professional advice should they have enquires regarding the taxation consequences of trading/dealing stock(s) and derivative warrants of any companies registered in Italy. The information in this FAQ is based on public information and the content thereof has not been independently verified by Italian lawyers or tax advisors. Everbright Securities International (“EBSI”) does not represent or warrant, whether expressly or impliedly, the accuracy, validity, timeliness or completeness of any such information. EBSI expressly disclaims any liability and warranties whether express or implied, of fitness for a particular purpose, or duties of care, in favor of any person relying upon this FAQ.

Last Update: 2021-12-28