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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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IRAP deduction for the cost of the permanent employee
The “decreto semplificazioni” modifies the method of calculating the IRAP deduction to make easier the calculation of the IRAP deduction for the cost of the permanent employee. The new legislation provides for the full deductibility of the total cost for permanent employees. For the IRAP 2022 tax form, taxpayers can use the new simplified calculation […]
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Decreto Semplificazioni – ISA index
The ISA index is a tax judgment on a scale from 1 to 10 applied to business or self-employment. The “decreto semplificazioni” extends the measures provided last year for the economic crisis due to COVID-19 with corrections on ISA’s index and specific causes of exclusion from the compilation of the index. In addition, The Italian […]
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Purchases from small business operators are not intra-EU
The Inland Revenue reiterated the VAT treatment of purchases made by a domestic purchaser from a supplier belonging to the special scheme for small enterprises. In view of the special scheme to which they belong, sales made by persons participating in that scheme to traders in other Member States are not considered intra-EU supplies. This […]
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Tax credit for the digitization of travel agencies and tour operators – new request
The Interministerial Decree (MEF) containing the Amendments to the interministerial decree of 29 December 2021, is being registered with the Court of Auditors. n. 152, converted, with amendments, by law 29 December 2021, n. 233, concerning the tax credit for the digitalization projects implemented by travel agencies and tour operators. Having been allocated a total […]
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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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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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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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