Italy: Italian Financial Transaction Tax: Switzerland and Hong Kong considered as regulated markets
Zurich21 Sep 2016, 04:30 CEST
Further to our Custody News from 13 September 2016, we would like to inform you that as a consequence of the enactment of the new white list which was published by the Italian Ministry of Finance, Swiss and Hong Kong exchanges are considered as regulated markets for Italian Financial Transaction Tax (IFTT) purposes. This means that equity and derivative transactions executed on these markets qualify for the halved "on exchange" rate of 0.1%.
