The fiscal measures of the 2021 maneuver are more than 100: a real minestrone of bonuses, concessions, new taxes and tax breaks. In the general chaos, there are four innovations in terms of finance and savings. We have already spoken extensively about one: it is the cashback, which began on an experimental basis in December and has now become fully operational to encourage the use of digital payments and thus reduce evasion. The other three concern investments in foreign funds, the tax credit for losses on Pir and the Euribor. Let's see what it is.
TAX RELEASE ON FOREIGN FUNDS
With the 2021 Budget Law, Italy cancels the 27% withholding tax for European collective investment funds or alternative funds on dividends or capital gains/losses obtained from January XNUMX by Italian companies. Basically, the withholding tax on profits is not applied to UCIs (collective investment undertakings) of EU/EEA countries and "qualified" capital gains and losses do not contribute to the formation of income. The goal is to encourage investment by international entities in Italy.
PIR: LOSS TAX CREDIT
Furthermore, the maneuver introduces a tax credit of up to 20% of the sums invested in the Pir to cover any losses accrued over at least five years. You can benefit from the bonus for individual savings plans established starting from 2021 January 31 and on investments made up to 2021 December XNUMX.
A SUBSTITUTE FOR THE EURIBOR
All new contracts must include a "parachute" indicator, to be used in place of the Euribor when the main interbank rate ceases to exist (used, among other things, to determine the trend in variable-rate mortgage payments) . In fact, the ECB has recently opened two consultations to find a replacement for the Euribor in an emergency. The objective is to avoid the fraudulent behaviors which in the past affected the trend of the Eurobor itself but also of the rates related to it, starting with the Libor.
