On 7 February 2022, the Pescara Tax Court of First Instance ruled that a Luxembourg SICAV is comparable to an Italian investment fund and, therefore, is entitled to the refund of the full withholding tax suffered on the dividends received from Italian companies.
The judgment is of fundamental importance since it represents the first strong official confirmation by a Tax Court in Italy of the discriminatory tax treatment suffered by foreign investment funds in Italy on the dividends received.