Insights

  • Decreto Semplificazioni: deadline for the request for registration of deeds in fixed term

    Before the entry into force of the Decreto Semplificazioni (D.L. 73/2022), the registration of the deeds identified in the annex “Tariffa Parte I – deeds subject to registration with fixed term” (DPR 131/1986) had to be carried out by the deadline of twenty days from the stipulation of the deed (if stipulated in Italy) or […]

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  • 200 euro bonus for self-employed and professionals

    The Law Decree Aiuti-bis has introduced the possibility for self-employed workers and professionals to benefit from the one-off allowance of € 200 already provided for employees and retirees. The beneficiaries of the allowance in question are – self-employed workers and professionals registered with the social security schemes of the National Social Security Institute (INPS); – […]

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  • Banks must integrate climate risk information by 2024

    In accordance with the European Green Deal, the ECB requests that, by 2024, banks integrate and report climate and environmental (C&E) risks into their daily activities. To this end, from 2023, companies may be required to provide non-financial information with particular attention to reporting on climate and environmental risks. The Banks – after verifying the […]

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  • The right of withdrawal exercited by the shareholder who did not partecipate in the change of the clause limiting the circulation of shares is legitimate

    Supreme Court of Cassation, June 27, 2022, No. 20546. A shareholder of a joint stock company who did not participate in the amendment of the bylaws to remove the preemption clause limiting the circulation of shares has the right of withdrawal, regardless of the substantive significance of the amendment. This is the principle expressed by […]

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  • European Corporate Insights: the impact of geopolitical changes on business

    Andersen’s European Corporate & M&A department has published a new edition of the magazine European Corporate Insights focusing on the impact of major geopolitical changes on local and international business dynamics. Andersen professionals from numerous countries contributed to the insight, summarizing the guidelines and regulations in each jurisdiction. Extensive space in the magazine is devoted […]

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  • VAT recovery in the event of a defaulting debtor

    The Italian Revenue Agency, through its answer to ruling no. 386/2022, published last July 20th, recently provided some clarifications on the subject of variation notes for VAT purposes. The subject of the ruling is governed by art. 26 of the Presidential Decree 633/1972, which was reformulated in 2021by means of article 18 of the so […]

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  • Notices of Payment: changes to deferment petitions

    New changes have been made to the regulations on deferment of registered debts, thanks to taxpayers who are in an objective state of difficulty are now granted the option to apply from July 16, 2022:  the division into installments of registered debts for amounts up to 120.000 euros – in a maximum of 72 installments (previous […]

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  • The Goodwill

    Goodwill represents the set of conditions as a result of the business as a whole is worth more than the sum of the values of its individual parts (or worth less, if there is a badwill). Goodwill is thus the intangible value of a company that reflects its market position, brand recognition, customer network and […]

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  • Environmental offences and liability under Legislative Decree no. 231/2001

    The Supreme Court (III Criminal Division – Judgment 30. May 2022 No. 21034) has recently clarified under what circumstances a company can be held accountable for environmental crimes, with reference to the issue of water pollution from industrial wastewater. Specifically, the Supreme Court has identified in which cases the environmental crime can be qualified as […]

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  • Foreign transactions, new data to be sent via SDI

    Since last 1 July, data on transactions with counterparties not residents in Italy must be transmitted to the SDI (Interchange System) in the XML format of the electronic invoice. In fact, the communication of transactions with foreign counterparties no longer consists in a quarterly communication but of a more detailed sending of data referring to […]

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  • New clarifications on Transfer Pricing – Assonime’s comments

    Assonime, through Circular 20/2022, summarizes some interpretative solutions of the Agenzia delle Entrate (the Italian tax authority), regarding recent regulatory references currently in force, with particular focus to Agenzia delle Entrate Circulars Nos. 15/2021 and 16/2022. The topics covered under Transfer Pricing Retroactivity of unilateral, bilateral and multilateral Advance Pricing Agreement On the subject of […]

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  • The new digital customs declaration

    The reform of the customs declaration opens a new process for the digital transformation that will be completed in 2025. It provides for the replacement of the DAU model (Administrative Document) in favour of a new model, called EUCDM (European Union Customs Data Model) – defined at European level, according to an implementation plan foresees […]

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  • Innovative ACE Credit Tax

    With the decree “Sostegni bis” was introduced the so called “innovative ACE”, which consists in the application of a nominal yield of 15%, instead of the usual 1.3%. Compared to the normal determination of the ACE base, the higher rate applies only to increases in own capital through cash injections and reserves of profits that […]

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  • The IMU declaration of Non-Commercial Entities

    Regulations, exemptions, deadlines and declaration methods for IMU Entities identified by Article 73 paragraph 1 letter c) of Presidential Decree 917/1986 are exempt from the payment of IMU under Article 7 paragraph 1 letter i) of Legislative Decree 504/1992, if they own and use real estate intended exclusively for the performance of welfare, social security, […]

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  • Restyling of the tax calendar: The “Decreto Semplificazioni”

    The D.L. 73/2022 (so-called “Decreto Semplificazioni”) was published in the Official Journal nr. 143 on the  21st of June 2022 and it contains several news that reshape considerably the tax calendar 2022. Below are summarized the most relevant. Periodic VAT Settlement Regarding the periodic VAT settlement, it has been defined the new deadline of the […]

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  • Tax domicile as the principal place of business and interests

    The notion of tax domicile must be interpreted and evaluated in relation to the place where the individual maintains both personal and economic relations. This is what emerges from the order filed by the Supreme Court last June 6, which, in truth, follows the well-established line of jurisprudence according to which, for the purpose of […]

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  • News on electronic invoicing 1 July 2022

    The 1st of July 2022 will be a defining moment for the way in which the transactions of various VAT taxable persons, for whom the obligation of electronic invoicing will be introduced under certain conditions. The persons affected by the new VAT rules are: flat-rate taxpayers, persons under the advantage regime and amateur sports associations; […]

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  • IMU 2022: Uncertainties over the Choice of the Main House

    June 16 is the deadline for the advance payment of the 2022 Municipal Property Tax (IMU). In calculating this year’s[1] tax, however, one must also consider the novelty introduced by the rule that requires each household to choose only one main house to be exempted. To start with, it may be useful recalling that a […]

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  • Operational instructions on transfer pricing

    Through Circular 16/E dated May 24th (henceforth “Circular”), the Italian Revenue Agency provided further operational instructions on Transfer Pricing. The content of the Circular rests on the centrality of the concept of “comparable transaction,” returning to the correct notion of the arm’s length interval and recalling what was clarified by the Decree of the Ministry […]

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  • By the 30 of June 2022 the application for the single allowance for dependent children

    On June 30, 2022, there’s the first deadline for submitting to INPS the Application useful for obtaining the new Universal Unique Allowance (hereinafter UUA), which replaces most of the pre-existing IRPEF tax deductions, and not only, for dependent children. The Application submission by the 30 of June 2022 will allow interested parties to receive the UUA also for previous monthly payments, starting from March 2022 (i.e., […]

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