CORPORATE | Italian Council of Accountants issues document on demergers by spin-off

On 14 February 2024, the Italian Council of Accountants and Accounting Experts (CNDCEC) published its research document on demergers by spin–off (scissioni mediante scorporo). This document analyses the civil law profiles of such transactions, and their specific features and applications, giving an account of certain critical issues that have arisen during the first interpretation of the recently introduced provision of the Italian Civil Code (Article 2506.1).The document also contains some initial considerations on the accounting and tax aspects relating to the demerger by spin-off, pointing out that specific tax regulations have not yet been introduced in the legal system.

Newsletter n. 94 – March 2024