Insights

  • Covid State Aid – self-declaration by 30/06/2022

    Against the receipt of support measures, those who have received aid provided for in Sections 3.1 “Aid of limited amounts” and 3.12 “Aid in the form of uncovered fixed cost support” of the Temporary State Aid Framework[1] will have to submit a self-declaration for verification of compliance with the limits. The self-declaration must be submitted […]

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  • European Union sanctions against Russia

    Following the recognition by the Russian government of the self-proclaimed republics of Donetsk and Luhansk on 22 February 2022 and the invasion of Ukraine that began on 24 February 2022, the European Union has imposed a series of new sanctions on the Russian Federation, in addition to the measures already in force since March 2014, […]

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  • OAM Register and Cryptocurrencies

    The Ministerial Decree of January 23,2022 was published in the Official Gazzette of the Republic of Italy on February 17 ,2022, outlining the obligations that service providers relating to virtual currency[1]  and digital wallet service providers[2]  who intend to carry out their activities in Italy must meet. These obligations are primarily expressed in the following […]

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  • Amortization suspension – the extension for 2021 and 2022 is confirmed

    Law no. 25/2022, which converted Legislative Decree no. 4/2022, extended the option to suspend the amortization of tangible and intangible fixed assets for fiscal years 2021 and 2022. The principal technical aspects may be summarized as follows: subjective scope: the option is granted only to entities that do not adopt international accounting standards for the […]

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  • New Development Contracts concerning “Strategic production chains” and “Renewables and Batteries”: opening soon to submit the application

    On March 25th, 2022, Italian Ministry of Economic development has issued two Directorial Decrees setting the dates for application for funding in order to implement development project in accordance with the investment achievement of the National Recovery and Resilience Plan (NRRP). The above-mentioned Decrees refer to applications for subsidies to carry out either: Development Contracts […]

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  • Revocation of revaluations of business assets

    The revaluation of business assets, as provided for in Decree-Law 104/2020, has been an opportunity for many companies to highlight, on favourable terms compared to the past, the higher values of their assets and to take advantage of significant tax benefits. The objective scope was broad as it included tangible and intangible fixed assets, as […]

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  • Tax planning perspectives with the Lump-Sum regime

    The Private Client Services Andersen teams from Italy, Portugal, Spain, Switzerland and the United Kingdom recently published a comprehensive guide regarding their domestic remittance basis and lump-sum tax regimes. These regimes are present in many jurisdictions and aim to attract non-resident High Net Worth Individuals. There are also several regimes for inbound workers, aimed to […]

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  • WEB TAX: payment and declaration submission

    The Law Decree (DL 22.3.2021 n. 41), also called “Decreto Sostegni”, established the extension of the payment and the declaration deadline relating to the tax on digital services (also called Web tax), introduced in our system as of 1.1.2020 by Law 145/2018. The new deadlines set by the legislator are: 16 May of the following […]

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  • VAT Variation Notes – New paragraph 3-bis of art. 26, Presidential Decree n. 633/1972

    The Italian Tax Authority Revenue Agency intervenes in the complex issue of  VAT recovery on uncollected credits in insolvency proceedings with its circular no. 20/E/2021 in reference to the amendments made by the “Sostegni bis” decree to art. 26 of Presidential Decree n. 633/1972 (the so-called VAT Decree). The circular clarifies that, for insolvency proceedings […]

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  • Tax credits for businesses to cope with rising energy and gas prices

    Faced with the incisive costs that companies are incurring for the purchase of electricity and natural gas, the Government has sought to mitigate them through the provision of tax credits that can be used for compensation until 31 December 2022 (it is also provided the ability to transfer the credit, provided that it is in […]

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  • Cross-border M&A transactions: the key elements for success

    Andersen’s M&A department in Europe publishes an article analyzing the key factors for achieving successful integrations in cross-border M&A deals. Cross-border M&A transactions are nowadays being increasingly boosted by dealmakers. The main reason why drivers leading the main companies to enter into this kind of ventures relies on the benefits that can provide to their […]

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  • The terms for the scrapping of roles and the balance and excerpt have been reopened

    The Budget Commission of the Senate approved the Ddl. of conversion of the Sostegni ter decree 27 January 2022 no. 4 and among the new measures in the DL course there is also the new opportunity granted in the course there is also the new opportunity granted to the subjects who have lapsed from scrapping […]

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  • EU Whistleblower Directive: implementation in 20 European countries

    Andersen´s European Employment practice has developed the new edition of the Employment newsletter. In this publication we address the Whistleblower Directive, how it has been implemented in 20 different European countries, Italy included. Our experts, Francesca Capoferri and Matteo Amici have analyzed what employers and employees will have to observe in the future in our […]

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  • Lands and participation shares revaluation

    The “D.L. Energia” (Legislative Decree n. 17/2022) reintroduced the revaluation of lands and participation shares. In particular, the regulation allows to revaluate such assets: to natural persons who are not running a business activity; to partnerships, companies and associations assimilated under the art. 5 of the T.U.I.R.; non-commercial entities with regard to activities that are […]

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  • Building tax benefits only with the sector collective agreement

    Law Decree 13/2022 was launched by the government in order to reinforce the fight against the numerous frauds that have arisen within the universe of tax credits linked to the construction world. Among the various new measures, art. 4 has introduced the mandatory adoption of the National Collective Labor Contract of the construction sector for […]

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  • The 2022 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 16.03.2022 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. – 516.46 […]

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  • Tax EU Directive: ATAD3

    On December 22 2021, the European Commission published a proposal for a Directive also known as ATAD3, which sets out rules to prevent the misuse of shell entities for tax purposes and amending Directive 2011/16/EU. The new Directive is expected to be implemented by member States by June 30, 2023 and to be applicable as […]

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  • Super Ace also for the 2021 revaluation reserves

    During the annual meeting between the specialized press and the experts of the Revenue Agency, important clarifications were provided regarding the so-called super ACE (Help to Economic Growth). With specific reference to the revaluation reserve recognized in the financial statements as at 31 December 2020 pursuant to Legislative Decree n. 104/2020, the Agency confirmed that […]

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  • Remote hearings and electronic document flow in the Russian court system

    In January 2022, amendments to the procedural codes of the Russian Federation came into force to introduce and improve the way for the use of electronic documents in court proceedings, as well as to create conditions for remote participation in hearings. The main novelties concern the procedure for filing statements of claim, petitions, submissions and […]

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  • Universal child’s benefit

    Starting January 1st, it is possible to submit to INPS (National Social Welfare Institution) the application for the sole and universal child’s benefit that replaced the deduction for dependent children. Access to the benefit is allowed to all families for each dependent child up to 21 years old or, without age limitation, disabled children. The […]

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