THE LAZIO REGIONAL ADMINISTRATIVE COURT SUSPENDED THE EFFECTIVENESS OF THE DECREE DATED SEPTEMBER 29, 2023 ISSUED BY THE MINISTRY OF ENTERPRISE AND MADE IN ITALY REGARDING “CONFIRMATION OF THE OPERATION OF THE DATA COMMUNICATION SYSTEM AND BENEFICIAL OWNERSHIP INFORMATION.”
By decree dated September 29, 2023, the Ministry of Enterprise and Made in Italy has set up the data communication system and beneficial ownership information of companies with legal entity, private legal entities, trusts producing legal effects relevant for tax purposes and legal institutions similar to trusts. The system had already been provided for by the Decree dated March 11, 2022, no. 55 of the Minister of Economy and Finance, in consultation with the Minister of Economic Development.
In light of the decree of September 29, 2023, December 11, 2023 was the deadline of the 60-day peremptory period by which to communicate the data and information referred to in paragraphs 1 and 2 of Article 3 of Decree No. 55 of 2022, according to which:
(1) The directors of enterprises with legal entities and the founder, if alive, or the persons conferred with the representation and administration of private legal entities shall inform the business registry office of the Chamber of Commerce with territorial jurisdiction, the data and information regarding beneficial ownership, acquired pursuant to Article 22, paragraphs 3 and 4, of the Anti-Money Laundering Decree, for their registration and storage in the autonomous section of the business registry; Read more
