IS – Deductibility of financial expenses incurred in the financing of payments to shareholders (dividends, restitution of contributions)

In three recent rulings of the Supreme Court of 21/07/2022 (rec. 5309/2022) and 26/07/2022 (rec. 5693/2020 and 4762/2020) it has been considered that financial expenses incurred in the financing of payments to members (dividends and restitution of contributions) cannot be classified as donations or liberties, and are tax deductible provided that they comply with the general requirements for deductibility of the expense.

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