• 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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  • 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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  • 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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  • 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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  • 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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