Maneuver: stamp duty on securities deposit and IRAP for banks and insurance companies rise

From 2013, the stamp duty that applies to communications relating to the deposit of securities will rise. The maximum limit will be 380 euros and will concern deposits whose "nominal or repayment value at each bank" will exceed 50 thousand euros. Stamp duty of 150 euros, however, for deposits of lower value. Lastly, 120 euros will be paid each year for communications on securities deposits sent by financial intermediaries. This is what the draft of the budget package approved last Thursday by the Council of Ministers and sent today to the Quirinale provides. In the latest version of the text, IRAP, which banks and insurance companies will have to pay, also rises, with rate increases of 4,65 and 5,90% respectively.