{"id":3914,"date":"2021-09-24T12:23:06","date_gmt":"2021-09-24T10:23:06","guid":{"rendered":"http:\/\/localhost:10063\/acquisto-di-azioni-proprie-fiscalmente-non-equiparabile-al-recesso-del-socio\/"},"modified":"2021-10-22T12:25:18","modified_gmt":"2021-10-22T10:25:18","slug":"purchase-of-treasury-shares-not-tax-equivalent-to-shareholders-withdrawal","status":"publish","type":"post","link":"https:\/\/www.lawp.it\/en\/purchase-of-treasury-shares-not-tax-equivalent-to-shareholders-withdrawal\/","title":{"rendered":"Purchase of treasury shares not tax-equivalent to shareholder\u2019s withdrawal"},"content":{"rendered":"<p>The purchase of treasury shares is not tax-equivalent to shareholder withdrawal.<\/p>\n<p>By analysing a buy back transaction involving the shareholder of a Holding Company, the competent Italian Tax Authority (so called \u201cDirezione Regionale del Veneto\u201d) stated that the purchase of treasury shares by the Holding Company entails the realisation of capital gain, and not of capital, for the shareholder who sells the shares.<\/p>\n<p>Paolo Giovannini and Dario Augello wrote about it in the article &#8220;Purchase of treasury shares not tax-equivalent to the withdrawal of the shareholder&#8221; on Eutekne.<\/p>\n<p><a href=\"https:\/\/www.eutekne.info\/Sezioni\/Art_851051_acquisto_di_azioni_proprie_fiscalmente_non_equiparabile_al_recesso.aspx\">Read the article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The purchase of treasury shares is not tax-equivalent to shareholder withdrawal. By analysing a buy back transaction involving the shareholder of a Holding Company, the competent Italian Tax Authority (so called \u201cDirezione Regionale del Veneto\u201d) stated that the purchase of treasury shares by the Holding Company entails the realisation of capital gain, and not of [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[169],"tags":[141,140],"class_list":["post-3914","post","type-post","status-publish","format-standard","hentry","category-articles-en","tag-tax-law","tag-tax-litigation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Purchase of treasury shares not tax-equivalent to shareholder\u2019s withdrawal | Studio legale e tributario LAWP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lawp.it\/en\/purchase-of-treasury-shares-not-tax-equivalent-to-shareholders-withdrawal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Purchase of treasury shares not tax-equivalent to shareholder\u2019s withdrawal | Studio legale e tributario LAWP\" \/>\n<meta property=\"og:description\" content=\"The purchase of treasury shares is not tax-equivalent to shareholder withdrawal. By analysing a buy back transaction involving the shareholder of a Holding Company, the competent Italian Tax Authority (so called \u201cDirezione Regionale del Veneto\u201d) stated that the purchase of treasury shares by the Holding Company entails the realisation of capital gain, and not of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lawp.it\/en\/purchase-of-treasury-shares-not-tax-equivalent-to-shareholders-withdrawal\/\" \/>\n<meta property=\"og:site_name\" content=\"LAWP - Studio Legale e Tributario\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-24T10:23:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-22T10:25:18+00:00\" \/>\n<meta name=\"author\" content=\"Dario Augello\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dario Augello\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lawp.it\\\/en\\\/purchase-of-treasury-shares-not-tax-equivalent-to-shareholders-withdrawal\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lawp.it\\\/en\\\/purchase-of-treasury-shares-not-tax-equivalent-to-shareholders-withdrawal\\\/\"},\"author\":{\"name\":\"Dario Augello\",\"@id\":\"https:\\\/\\\/www.lawp.it\\\/#\\\/schema\\\/person\\\/4eb6012806576606708c4d95867ba497\"},\"headline\":\"Purchase of treasury shares not tax-equivalent to shareholder\u2019s withdrawal\",\"datePublished\":\"2021-09-24T10:23:06+00:00\",\"dateModified\":\"2021-10-22T10:25:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lawp.it\\\/en\\\/purchase-of-treasury-shares-not-tax-equivalent-to-shareholders-withdrawal\\\/\"},\"wordCount\":101,\"publisher\":{\"@id\":\"https:\\\/\\\/www.lawp.it\\\/#organization\"},\"keywords\":[\"Tax Law\",\"Tax litigation\"],\"articleSection\":[\"ARTICLES\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lawp.it\\\/en\\\/purchase-of-treasury-shares-not-tax-equivalent-to-shareholders-withdrawal\\\/\",\"url\":\"https:\\\/\\\/www.lawp.it\\\/en\\\/purchase-of-treasury-shares-not-tax-equivalent-to-shareholders-withdrawal\\\/\",\"name\":\"Purchase of treasury shares not tax-equivalent to shareholder\u2019s withdrawal | Studio legale e tributario LAWP\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lawp.it\\\/#website\"},\"datePublished\":\"2021-09-24T10:23:06+00:00\",\"dateModified\":\"2021-10-22T10:25:18+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.lawp.it\\\/en\\\/purchase-of-treasury-shares-not-tax-equivalent-to-shareholders-withdrawal\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.lawp.it\\\/en\\\/purchase-of-treasury-shares-not-tax-equivalent-to-shareholders-withdrawal\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.lawp.it\\\/en\\\/purchase-of-treasury-shares-not-tax-equivalent-to-shareholders-withdrawal\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.lawp.it\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Purchase of treasury shares not tax-equivalent to shareholder\u2019s withdrawal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.lawp.it\\\/#website\",\"url\":\"https:\\\/\\\/www.lawp.it\\\/\",\"name\":\"LAWP - 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