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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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Andersen European Guide to Support Employers: remote work
The new edition of our European Guide to Support Employers, issued by the European Employment and Labour Andersen department, is devoted to remote work in Europe, a trend rapidly growing trend in the European job market. Although the concept goes back more than 50 years, and in some European countries the issue was first regulated […]
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New developments of arbitration in the civil procedure reform
The civil procedure reform has introduced some important innovations regarding arbitration in an attempt to make the institution stronger and more attractive to the parties. With the entry into force of Legislative Decree 149/2022, Italian arbitration law is expected to take a long-awaited step forward. The following is a summary of the main changes in […]
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Grant funding for Gender Equality
Regione Lombardia through the Regional Program FSR+ – Specific Objective ESO 4.3., Action c.1 Support for the dissemination of corporate welfare systems – is making available €10,000,000 in grants with the aim of incentivizing companies to adopt appropriate policies to reduce the gender gap in all the areas of greatest criticality – such as career […]
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European Corporate Insights: M&A Opportunities in the Energy Sector
The energy sector has been one of the main players in the field of M&A in recent years due to the growing interest in renewable energies which, although in 2020 it contributed 9% of the energy consumed in Europe – compared to 14% from nuclear energy and 77% generated by oil, gas and coal -, […]
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Withholding tax obligation and data reporting for short-term rentals also for Airbnb
From 2023 Airbnb will apply the legislation on short-term rentals and will have to apply 21% withholding taxes on rental payments paid to owners who operate outside the corporate regime, as well as transmitting the data and information relating to intermediated short-term lease agreements. “Short-term leases” are lease agreements for residential properties with a duration not exceeding […]
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Electronic invoicing: extension of the ban on health services
The Milleproroghe Decree, approved by the Council of Ministers on 21 December 2022, confirms the ban on issuing electronic invoices for health services also for the year 2023. This decision derives from the fact that the Privacy Guarantor has detected critical issues on the sending of data concerning the health of citizens, as issuing the […]
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