Insights

  • Commentary on Circular no. 30/e, October 27, 2023, on the tax treatment of crypto assets

    The Circular Letter of the Italian Revenue Agency dated October 27, 2023, No. 30/E, provides operational guidelines on the tax treatment of crypto-assets in response to the provisions of Article 1, paragraphs 126-147, of the 2023 Budget Law. Crypto-assets are defined as digital representations of value or rights that can be electronically transferred and stored […]

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  • Clarifications on the beneficial owners’ communication

    Relating to the beneficial owners’ communication (for AML purposes) expiring on 11.12, the Manual prepared by Unioncamere occurs as an operational support – please, refer to the recalled manual for any specific and appropriate reference. The clarifications about the transmission methods are remarkable; among the other provisions, it is declared that if the communication is […]

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  • Beneficial owner: communication by 11 December 2023

    The beneficial owners’ register was made operational on 09 October 2023. The communication of the pertinent information about the subject needs to be completed within 60 days from the publication of the interministerial decree in the Official Gazette – which means that it must be completed by 11 December 2023 (the first available working day). […]

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  • Guide for Incentives Renewables & Energy Efficiency

    The new guide to incentives in the energy sector, prepared by European professionals from Andersen, aims to provide readers with the most detailed overview possible of the wide range of tax credits, grants, and other financial tools available in 13 European Union member states, complemented by those accessible in Albania, Switzerland, and the United Kingdom. […]

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  • Andersen European Employment Insights – October 2023

    Andersen’s European Employment & Labor Service Line publishes the second edition of its monthly newsletter. Our team of legal experts has carefully selected the contents of this publication to provide important updates on the latest developments in the legal landscape, with targeted focuses on various new developments in labor law at the local and international […]

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  • Transfer Pricing documentation requirements in Europe

    The European Transfer Pricing Team at Andersen presents a comprehensive guide designed to offer multinational enterprises (MNEs) a concise overview of critical compliance considerations and deadlines. The landscape of transfer pricing compliance in Europe has witnessed significant activity in recent months. This guide addresses various developments across European jurisdictions, including new transfer pricing documentation requirements, […]

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  • European Guide to Tax Regime for Holding Companies

    The European International Tax Service Line published an in-depth focus regarding the Tax Regime for Holding Companies in Europe. Holding Companies serve as pivotal entities within the European business landscape, offering a multitude of advantages for multinational corporations. The document at the link below highlights the essential roles and benefits of Holding Companies in Europe […]

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  • Andersen Employment Insights – September 2023

    Andersen’s European Employment Service Line publishes its monthly newsletter that brings together key labor law news in different jurisdictions. In this publication, which includes contributions from 21 European countries, Italian practitioners delve into five different topics: National Labor Inspectors’ Summary of Remote Monitoring of Employees INL, the Italian National Labor Inspectors’ agency issued a summary […]

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  • Artificial Intelligence Act, what’s new?

    Artificial intelligence is now part of modern life, more and more present in several sectors and industries. Precisely because of its increasingly widespread use in various fields, it has become necessary for the European Commission to regulate its use through the so-called Artificial Intelligence Act (AIA). In the in-depth study written by the European IP, […]

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  • European Corporate Insights, July 2023: EU Supply Chain Act

    Within the latest European Corporate Insights publication, titled EU Supply Chain Act, Andersen’s European Corporate and M&A team explores issues related to compliance assurance, human rights and environmental standards. The Highlights section of the paper features a section on Italy, career advancements of members of the firm, and major transactions completed by professionals. In this […]

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  • M&A and PE Market Trends in Europe. Analysis of the first semester 2023

    Andersen European M&A Group publishes a report about the European M&A trends analyzing the first semester of this year. The document attached to this article examines the current trends and future prospects of the global mergers and acquisitions (M&A) market in 2023. Despite a rocky start, there are promising signs of recovery and growth. In […]

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  • Employment of Managing Directors

    Andersen’s European Employment and Labor Law Service Line has recently launched a new edition of the European Guide to Support Employers: Employment of Managing Directors. The guide provides an overview of the regulations concerning the employment or appointment of managing directors who also hold positions within the company’s governing bodies. This guide focuses on the […]

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  • Litigation & Arbitration Guide by Andersen in Europe – July 2023

    The purpose of any legal dispute resolution procedure is to obtain an enforceable decision or award. This guide written by the European Andersen Litigation & Arbitration Group focuses on the common issues that arise when enforcing domestic judicial decisions in foreign jurisdictions. It explores the requirements for recognition and enforcement of judgments from one state […]

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  • 11th package of the EU sanctions against Russia and Russian countermeasures

    New EU regulations against the Russian Federation for the continuation of the war against Ukraine were adopted on 23 June 2023. The new restrictive measures focus on strengthening export controls and also provide for a new anti-circumvention mechanism for companies suspected of evading the bans. This article will provide an overview of the new restrictive […]

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  • CBAM: What’s new?

    The Andersen European VAT & Customs Service Line recently published an in-depth study regarding the new Carbon Border Adjustment Mechanism (CBAM), the new regulation set to come into effect on a trial basis on October 1, 2023, and permanently from January 1, 2026. It aims to address carbon leakage by putting a price on carbon emissions […]

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  • Beyond the Hype: Real-World Applications of AI

    The Andersen European Technology Industry Group, led by the partner Francesco Marconi, has recently launched a paper regarding the rapid growth of artificial intelligence (AI) and its impact on our daily and personal lives. For some time now, AI is no longer a futuristic concept. In fact, its applications find their way into a wide […]

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  • Litigation & Arbitration: Post M&A Disputes and Current Challenges

    The closing of a deal can be a success for the teams involved, but it also rises up some challenges due to the constant uncertainty of what may happen next, the strategic nature of the transactions, and internal politics. The examples cited in this publication illustrate how, after a successful merger, critical issues and sometimes […]

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  • Further simplification measures on renewable energy sources

    The Law Decree no. 13/2023, named Urgent “Provisions for the Implementation of the National Recovery and Resilience Plan (NRP)”, which came into force on Feb. 25, 2023 (published in GURI No. 47, 24.02.2023), introduced several new features concerning renewable energy sources, aimed at further simplifying and accelerating their development.   Areas suitable for the installation […]

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  • The 2023 annual government concession tax on companies’ books and registers

    Italian limited companies (S.p.a., S.a.p.a., S.r.l.) must pay within March 16, 2023, the annual government concession tax for stamping and numbering companies’ books and registers. The amount due is: – 309.87 euros, for companies whose share capital or endowment fund – as of January 1, 2022 – is less than or equal to 516,456.90 euros. – […]

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  • Transfer Pricing year end adjustments

    Depending on the given tax jurisdiction, if there is qualified ownership or control between enterprises belonging to a Multi-National Enterprise (“MNE”), the arm’s-length principle (“ALP”) kicks-in to determine proper transfer prices in cross-border intra-group transactions. Compensating adjustments (also “year-end adjustments” or “CAs”) are widely used by MNEs in order to align intragroup transfer prices or […]

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