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Italian Financial Transaction Tax

Italian Financial Transaction Tax

According to the Italian law, certain transactions involving financial instruments issued by Italian resident companies are subject to Italian Financial Transaction Tax (IFTT).

There is an exemption for Italian resident companies whose average market capitalisation in the month of November of the year preceding the year of sale does not exceed €500 million.

A list of the Italian issuing companies having an average capitalization lower than EUR 500 million is accessible on MEF’s official website at http://www.mef.gov.it/pubblicita_legale/societa_2020.html

As Newron is included in the list (see sezione B); should you be charged by your bank the Italian financial transaction tax upon purchase or sale of Newron stock, please contact your bank.