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OECD Releases Additional Guidance for the Correct Preparation of Country by Country Reporting

6 December 2019
On 5 November 2019, the OECD released an additional guidance on the implementation of country by country reporting, containing clarifications for tax administration and multinational groups in relation to the implementation and operation of country by country reporting.

Mutual Agreement Procedure: OECD Statistics Reveal a Consistent Growth of the Procedure in Italy and in the World

19 November 2019
During the "Tax Certainty Day" held in Paris on September 16th, OECD revealed the global statistics for the Mutual Agreement Procedure. In particular, those relating to transfer prices has increased, recording a growth of almost 20% compared to 2017. In Italy, one of the countries with the highest number of MAPs in progress, 256 new cases were activated in 2018. Times for the conclusion of the procedure are around 2 and a half years in our country.

News on Patent Box - the Revenue Agency Defines the Conditions for Access to Tax Relief in case of Self-Determination of Income

19 September 2019
With the Decision of the Commissioner of Italian Revenue Agency no° 658445/2019 published on 30 July 2019 (“the Act”), the changes introduced by Article 4 of the "Growth" Decree (Decree-Law No 34/2019) are implemented for those who decide to proceed directly with the determination of the eligible income, in place of the ruling procedure.

The Supreme Court Clarifies that the Boards of Directors Held Out of Italy Are not among the Relocation Abroad Cases

14 June 2019
The position expressed recently by the Supreme Court provides an important clarifying contribution to the complex case represented by the relocation abroad.

News on Patent Box: The Growth Decree Makes easier the Access to the Regime of Patent Box

10 May 2019
Starting from this year, a simpler procedure for the quantification of the portion of the eligible income is planned.

Enhanced Cooperation and Collaboration Procedure: April 16 Marks its Launch in the Italian Law

23 April 2019
The Decision of the Commissioner of Italian Revenue Agency No. 95765 issued on April 16, 2019 marks the start of the enhanced cooperation and collaboration procedure aimed at encouraging dialogue with foreign companies operating in Italy in relation to the subject of permanent establishment.

Italian Tax Authorities Reaffirm the Relevance of Fulfilling Transfer Pricing Requirements Set by the Law

9 April 2019
In the meeting held with the specialised press on January 31, 2019, the Revenue Agency and the Financial Police (“Guardia di Finanza”) provided useful clarifications on several issues of international tax, including those concerning transfer pricing.

Transfer Pricing Adjustments and VAT: for the Revenue Agency different treatments for VAT purposes

12 March 2019
Replying to the clarification No° 60/2018, submitted by a taxpayer about the relevance, for VAT purposes, of contributions made by the controlling entity to compensate the operating losses of the controlled entity, the Revenue Agency provides a useful clarification about the treatment of different cases of TP adjustments.

Tax News 11-12/2018

7 January 2019
TABLE OF CONTENTS   END-YEAR TAX PROVISIONS Tax Decree Budget Law 2019 FOCUS ON EMPLOYMENT (IN COLLABORATION WITH DE LUCA & PARTNERS AND HR CAPITAL IN MILAN)  

Tax News 10/2018

26 November 2018
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS Updates about electronic invoicing Tax deadlines FOCUS ON EMPLOYMENT TOPICS (IN COLLABORATION WITH DE LUCA & PARTNERS AND HR CAPITAL IN MILAN)  

Tax News 09/2018

9 October 2018
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS Countdown to electronic invoicing The Italian Tax Authorities can always challenge the “uneconomic” behavior of the company Green light to the “VAT Group” Tax deadlines  

Tax News 08/2018

6 September 2018
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS Bankruptcy  proceedings - VAT can only be recovered when the proceedings are closed Tax features of “Decreto Dignità” (i.e.“Dignity Decree”) Tax deadlines FOCUS ON EMPLOYMENT TOPICS (IN COLLABORATION WITH DE LUCA & PARTNERS AND HR CAPITAL IN MILAN)

Tax News 06-07/2018

1 August 2018
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS The treatment of tax and social security receivables in bankruptcy proceedings Tax credit for advertising investments - implementation of favorable legislation Tax deadlines  

Tax News 05/2018

18 June 2018
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS Transfer Pricing - enactment of the decree “pro- taxpayer” relating to adjustments by the Italian Tax Authorities Tax deadlines FOCUS ON EMPLOYMENT TOPICS (IN COLLABORATION WITH DE LUCA & PARTNERS AND HR CAPITAL IN MILAN)  

Tax News 04/2018

28 May 2018
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS E-invoicing guidelines Does the absence of any indication of a tax relief in the return preclude its use? Italian Transfer Pricing Guidelines Tax deadlines  

Tax News 03/2018

18 April 2018
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS Purchase of fuel: from July 1st goodbye to the fuel card, welcome to the only traceable payments Budgetary and tax consequences of the events subsequent to the end of the year Non-payment of VAT: does the business crisis save the entrepreneur from the crime?

Tax News 02/2018

19 March 2018
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS Shareholders' loans are presumed to bear interest irrespective of the material payment of interest Public consultation on the internal discipline of Transfer Pricing Tax deadlines  

Tax News - 01/2018

10 February 2018
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS   Tax News on the Law Decree linked to the annual Budget Law 2018 Tax deadlines   FOCUS ON EMPLOYMENT TOPICS (IN COLLABORATION WITH DE LUCA & PARTNERS AND HR CAPITAL IN MILAN)  

Tax News - 12/2017

15 January 2018
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS The legal interest rate rises to 0.3% Explanations on the new VAT deduction terms Tax News concerning the annual Budget Law 2018 Tax deadlines  

Tax News - 11/2017

22 December 2017
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS Implementation of the Country-by-Country Reporting provisions For tax residence, the use of a real estate, even if not owned, is sufficient The new tax regime for short-term lease: the “Airbnb Law” Tax deadlines  

Tax News - 10/2017

24 November 2017
TABLE OF CONTENTS   FOCUS ON TAX & ACCOUNTING TOPICS Tax effect of the waiver to TFM The access of the Tax Authorities to the company always requires a final report New clarifications on Split Payment Tax deadlines

Tax News - 09/2017

16 October 2017
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS Simplification of INTRASTAT’s fulfilments (In) completeness of the information contained in the invoice and tax consequences Acquisition of fixed assets: when is it possible to deduct depreciation? The new tax credit for advertising investments

Tax News - 07-08/2017

16 September 2017
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS New Decree on Split Payment Criminal consequences for the repeated refusal to show accounting records New limits on tax offsetting Tax deadlines  

Tax News - 06/2017

19 July 2017
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS Increase in IRPEF taxation of dividends and gains VAT – green light to the extension of the “Split Payment” Tax deadlines   FOCUS ON EMPLOYMENT TOPICS (IN COLLABORATION WITH DE LUCA & PARTNERS AND HR CAPITAL IN MILAN)  

Tax News - 05/2017

19 June 2017
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS New VAT sanctions within the reverse charge regime Tax reliefs for workers who (re)turn to Italy Tax deadlines FOCUS ON EMPLOYMENT TOPICS (IN COLLABORATION WITH DE LUCA & PARTNERS AND HR CAPITAL IN MILAN)  

Tax News - 04/2017

17 May 2017
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS Tax implications of the corrective measure 2017 Tax deadlines FOCUS ON EMPLOYMENT TOPICS (IN COLLABORATION WITH DE LUCA & PARTNERS AND HR CAPITAL IN MILAN)  

Tax News - 03/2017

18 April 2017
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS The "Super" and "Hyper" amortizations analyzed from a tax point of view Entry into force of the favorable tax regime for foreign high net worth individuals

Tax News - 02/2017

7 March 2017
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS Tax news of the Decree Law “Milleproroghe” Green light to the checks on “fictitious” foreign residences   Validity of the intra-Community transactions without registration with the VIES

Tax News - 01/2017

9 February 2017
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS The automatic exchange of tax information is increasingly “global” “Rich” business cash + high bank debt = assessment! FOCUS ON EMPLOYMENT TOPICS (IN COLLABORATION WITH DE LUCA & PARTNERS AND HR CAPITAL IN MILAN)  

Tax News - 12/2016

11 January 2017
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS Green light to the new edition of Voluntary Disclosure Final approval of the new accounting standards      Year-end Tax News   FOCUS ON EMPLOYMENT TOPICS (IN COLLABORATION WITH DE LUCA & PARTNERS AND HR CAPITAL IN MILAN)  

Tax News - 11/2016

17 December 2016
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS Criminal responsibility of the “de facto” Director and of the “dummy” director The New Voluntary Disclosure Procedure       FOCUS ON EMPLOYMENT TOPICS (IN COLLABORATION WITH DE LUCA & PARTNERS AND HR CAPITAL IN MILAN)  

Tax News - 10/2016

14 November 2016
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS Non-deductibility of the remunerations paid to directors without powers Tax news related to the end of year Law Decrees   FOCUS ON EMPLOYMENT TOPICS (IN COLLABORATION WITH DE LUCA & PARTNERS AND HR CAPITAL IN MILAN)  

Tax News - 09/2016

10 August 2016
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS The new “white list” of collaborative jurisdictions from a tax point of view The new CFC rule analysed by the Italian Revenue Agency     The new "abuse of law" examined by Assonime  

Tax News - 07-08/2016

2 August 2016
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS Tax news of the “EU Law” 2015-2016     FOCUS ON EMPLOYMENT TOPICS (IN COLLABORATION WITH DE LUCA & PARTNERS AND HR CAPITAL IN MILAN)  

Tax News - 06/2016

10 July 2016
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS EU agreement- the Principality of Monaco for the exchange of tax information Limits and conditions for the amendment (in favour) of tax returns Tax (and penal) considerations on the deduction of expenses supported by generic invoices

Tax News - 05/2016

6 June 2016
TABEL OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS Tax information exchange with Switzerland is about to be effective Tax consequences of the leveraged buyout FOCUS ON EMPLOYMENT TOPICS (IN COLLABORATION WITH DE LUCA & PARTNERS AND HR CAPITALS IN MILAN)  

Tax News - 04/2016

5 May 2016
TABLE OF CONTENTSs   FOCUS ON TAX AND ACCOUNTING TOPICS From May 1st green light to the Reverse Charge on tablet PCs and laptops The Italian Revenue Agency issues the Guidelines on 2016 tax audits FOCUS ON EMPLOYMENT TOPICS (IN COLLABORATION WITH DE LUCA & PARTNERS AND HR CAPITAL IN MILAN)  

Tax News - 03/2016

8 April 2016
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS Patent Box - extension of the deadline to provide the documentation The "new" wilful misrepresentation also includes valuations and estimates New provisions on Branch Exemption. Draft provision of the Director of the Italian Revenue Agengy

Tax News - 02/2016

8 March 2016
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS Effects of the tax penalties reform on proceedings already issued Stop to discounts allowances without documentation Deductibility of costs in tax havens and rules regarding the Controlled Foreign Companies

Tax News - 01/2016

8 February 2016
TABLE OF CONTENTS   FOCUS ON TAX AND ACCOUNTING TOPICS “Super depreciation" on the purchasing of new operating tangible assets “Bolted assets" operation: guidelines for the revision of the cadastral value FOCUS ON EMPLOYMENT TOPICS (In collaboration with DE LUCA & PARTNERS AND HR CAPITAL, in Milan)

Tax News - 12/2015

12 January 2016
TABLE OF CONTENTS   FOCUS ON EMPLOYMENT (In collaboration with DE LUCA & PARTNERS AND HR CAPITAL, in Milan) SPECIAL FOCUS Main tax news of "Legge di Stabilità" (i.e. Stability Law) 2016

Tax News - 11/2015

22 December 2015
TABLE OF CONTENTS   LAWS AND REGULATIONS Hong Kong is excluded from the Black List JURISPRUDENCE Restricted share-based company and attribution of hidden income to shareholders FOCUS ON EMPLOYMENT (IN COLLABORATION WITH DE LUCA & PARTNERS AND HR CAPITAL IN MILAN)

Tax News - 10/2015

22 December 2015
TABLE OF CONTENTS   SPECIAL FOCUS The new Italian “Patent Box” FOCUS ON EMPLOYMENT (in collaboration with De Luca & Partners and HR Capital in Milan)   DOWNLOAD OUR TAX NEWS HERE

Tax News - 09/2015

22 December 2015
TABLE OF CONTENTS   LAWS AND REGULATIONS Voluntary Disclosure – extension of the terms for the election Abuse of the law -  green light to the new legislation FOCUS ON EMPLOYMENT (In collaboration with De Luca & Partners and HR Capital in Milan)

Tax News - 07-08/2015

22 December 2015
TABLE OF CONTENTS   JURISPRUDENCE Identification of the tax residence: do “family ties” or economic interests prevail? TAX DEADLINES August-September 2015 SPECIAL FOCUS The new R&D tax credit  

Tax News - 06/2015

22 December 2015
TABLE OF CONTENTS   LAWS AND REGULATIONS VAT refunds -  the new form of surety policy has been issued POLICY AND STANDARD PRACTICE Other policies to be pointed out JURISPRUDENCE “The “POS” (i.e. Point of sale) terminal  makes the life of tax evaders hard

Tax News - 05/2015

22 December 2015
TABLE OF CONTENTS   LAWS AND REGULATIONS Tightening of the “false accounting” POLICY AND STANDARD PRACTICE Other policies to be pointed out JURISPRUDENCE Non-application of conventional remunerations of expatriates  

Tax News - 04/2015

22 December 2015
TABLE OF CONTENTS   JURISPRUDENCE Usability of  “Lista Falciani” (i.e. Falciani list) in tax assessments FOCUS ON EMPLOYMENT (In collaboration with Studio De Luca and HR Capital in Milan) SPECIAL FOCUS Payment of the Italian stamp duty in a “virtual” way  

Tax News - 03/2015

22 December 2015
TABLE OF CONTENTS   JURISPRUDENCE False letters of intent and liability of the seller FOCUS ON EMPLOYMENT (In collaboration with Studio De Luca and HR Capital in Milan) TAX DEADLINES April 2015 SPECIAL FOCUS VAT – Reverse Charge – 2015 news   

Tax News - 02/2015

22 December 2015
TABLE OF CONTENTS   LAWS AND REGULATIONS Voluntary Disclosure – the new agreements with tax havens have been signed and amendments to the related discipline have been made POLICY AND STANDARD PRACTICE Time of issuing of VAT credit/debit notes in case of bankruptcy proceedings All-ground clarifications on tax news

Tax News - 01/2015

21 December 2015
TABLE OF CONTENTS   LAWS AND REGULATIONS Italian-Swiss agreement on the exchange of tax information  Invoicing to the Public Administration: new VAT regime of the "Split Payment" JURISPRUDENCE  VAT – effects due to a wrong management of the reverse charge TAX DEADLINES  February 2015  

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