Derivatives based on Italian shares and indices are subject to the Italian Financial Transaction Tax (IFTT).
The IFTT was introduced by Article 1(491-499) of Law no. 228/2012. On 21 February 2013, the Ministry of Economy and Finance issued the Ministerial Decree setting out the IFTT implementing rules.
The IFTT will be applied regardless of your tax residence or place where the corresponding transaction has been done.
For the compliance with the Italian legislation, we will apply the IFTT to all CFD trades based on Italian indices or shares.
The IFTT will be calculated on a trade basis. Any tax due will be charged to your account after the execution of your trade.
Please find below the table with information how much you will be charged while trading CFDs.
CFDs on Italian shares with a market capitalization* higher than EUR 500 mln as underlying asset are currently subject to the IFTT. This can be changed by the Italian government at any time. The IFTT charge will be based on the notional value of the trade.
| Notional Value of the trade, EUR | Tax |
|---|---|
| 0 - 2500 | €0.25 |
| 2500 - 5000 | €0.50 |
| 5000 - 10,000 | €1 |
| 10,000 - 50,000 | €5 |
| 50,000 - 100,000 | €10 |
| 100,000 - 500,000 | €50 |
| 500,000 - 1,000,000 | €100 |
| >1,000,000 | €200 |
Please be advised that these amounts are provided for information purposes only and are subject to changes. For the most up-to-date information regarding tax charges, we encourage you to reach out to our helpdesk.