• 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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  • IMU declaration 2022×2021: submission extended to 30 June 2023

    The obligation to submit the IMU declaration for the 2021 tax year was extended from 31 December 2022 to 30 June 2023 following the approval of the Decreto Milleproroghe by the Council of Ministers on 21 December 2022. The submission must be made using the new form approved by the Ministerial Decree 29.07.2022. The declaration […]

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  • New UAE corporate tax

    To support small businesses and startups, the UAE tax rate from 2023 will be 0% for taxable income below 375,000 dirhams or ($102,000) and 9% for taxable income above that. For the first time in their history, as of June 1, 2023, the UAE will introduce the “federal corporate tax” that will hit corporate profits. […]

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  • VAT down payment 2022

    December 27th is the stated deadline for paying the year-end downpayment of VAT for tax year 2022. The amount to be paid can be computed by three different methods: historical method forecasting method method of operations “carried out”. The historical method determines the VAT down payment due based on the 88% of the VAT due: on […]

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  • Legal interest rate at 5% from 2023

    The Firm announces that, with effect from January 1st, 2023, the legal interest rate set out in Article 1228 of the Italian Civil Code, will be increased from the current 1,5 percent to 5 percent. This amendment was published in the Italian Official Gazette no.292 of 15 December 2022, according to the MEF decree of […]

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  • Research, development and innovation activities: Andersen’s guide to incentives in Europe

    Using a cross-border approach, the Andersen European Business Incentives and Tax Credits service line developed a detailed examination of R&D incentives in 24 Member States and in Albania, Switzerland, and the United Kingdom. Activities related to research, development, and innovation (R&D&I) are crucial for enterprises. The EU has started a number of multiyear R&D framework […]

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  • New facilities for digital transition for cultural and creative activities

    With public notice of 19 October 2022, the Ministry of Culture has granted, to the actors in the cultural and creative sectors, the possibility to access a non-repayable contribution to facilitate the digital transaction. The aim of the measure, which is part of the PNRR, is to facilitate and support the use of digital technology […]

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  • Contributions granted after covid emergency

    Subsidies granted and disbursed to companies and self-employed persons by a Province do not have tax relevance, even if given and paid after the conclusion of the Covid-19 state of emergency, ordered by the Council of Ministers on 31 March 2022. This was clarified by the Revenue Agency responding to interpello n. 516 on 18 […]

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  • 770/2022: transmission and news 2022

    Next October 31, 2022, is the deadline for sending the 770/2022 for the 2021 tax period. Form 770 is the declaration that must be used by withholding agents, to communicate to the Revenue Agency the tax data relating to the withholdings made in the previous year, the relative payments and compensations made, the summary of […]

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  • European Commission’s Carbon Border Adjustment Mechanism

    European Commission’s Carbon Border Adjustment Mechanism, in fight against climate change and related unfair competition, will impact importing in the EU as from 2023 The Carbon Border Adjustment Mechanism (CBAM) is a levy on carbon intensive products (e.g. cement, iron, steel, aluminium, fertilizers and electricity) imported into the European Union from third countries where carbon […]

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  • Energy subsidies: funds for Third Sector Entities

    To support the higher costs incurred for the purchase of electricity and natural gas, the enactment of the so-called “Aiuti-ter” decree, D.L. 144 of 2022, introduced specific funds in favour of non-profit entities. Specifically, Article 8 of the aforementioned decree has established two different funds: A first fund, with a total endowment of 120 million […]

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  • Tax credits for companies not considered as high gas and energy consumers for the months of October and November 2022

    The Decree D.L. 144/2022 extended the credit already provided for the third quarter for the months to October and November and partially modified the provisions of the previous quarters (see the previous news https://it.andersen.com/en/tax-credits-for-companies-not-considered-as-high-gas-and-energy-consumers-for-second-and-third-quarter-2022/).   Natural gas tax credit The tax credit is equal to 40% of the expenses incurred in October and November 2022 […]

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  • IMU tax credit for the tourism sector

    The Revenue Agency, with provision no. 356194 of 16 September 2022, defined the rules and procedures for submitting the application to take advantage of the IMU credit provided for in Article 22 of Decree-Law no. 21 of 21 March 2022. The facility provides for a tax credit equal to 50 per cent of the amout […]

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  • The changes introduced by Decree no. 73/2022 in the so called “third sector”

    With the so called “Simplifications” Decree no. 73/2022 the taxation system for “third sector” entities changed. The new taxation system The main changes introduced by the Simplifications Decree concern the taxation rules contained in Title X of the third sector code. More precisely, a definition of “actual costs” has been included under Article 79, paragraph […]

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  • The news regarding the R&D tax credit for medicines and the introduction of the certification of the research, development, and innovation tax credit

    Simplification decree – the R&D tax credit for medicines In 2021, the Sostegni bis Decree introduced a specific subsidy for medicines research and development activities, including vaccines. In particular, the law provided a tax credit of 20% of the costs incurred from 1 June 2021 to 31 December 2030 for the research and development of […]

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  • Tax credits for companies not considered as high gas and energy consumers for second and third quarter 2022

    To deal with the increased costs caused by the energy crisis, companies, under certain conditions, can benefit from a tax credit related to the expenses paid for gas and energy consumption during the second and third quarter of 2022.   NATURAL GAS TAX CREDIT The tax credit is equal to 25% of the expenses incurred […]

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  • Decreto Semplificazioni: news on transfer of building restructuring bonuses

    The “Decreto Aiuti” (D.L. 50/2022) had changed the legislation of the transfer of tax credits from restructuring bonuses (Superbonus 110% and various minor bonuses) providing that banks are always allowed a final transfer in favor of private professional clients (companies, professionals and VAT numbers) who have a bank account contract with the bank itself. The […]

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