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Communication of health costs 2021: sending becomes half-yearly
The Decree of the Ministry of Economy and Finance of 29 January 2021, published in the Official Journal on 6 February, rewrote the timetable for the transmission of data on health and veterinary expenditure incurred in 2021. The data will be sent every six months. The previous DM of 19 October 2020 to art.7 c.1, […]
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Fiscal Representation and Direct Identification: what changes with the Brexit Agreement?
Since the UK’s withdrawal from the European Union was approved on 24 December, there have been a number of outstanding issues, especially in the trade field. One of these points concerned VAT obligations: specifically, the new directives on direct identification and the appointment of a tax representative. In Italy, a resolution to this issue was […]
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Furniture and large electrical appliances bonus
The goverment has extended for the year 2021 the IRPEF deduction of 50% for the purchase of furniture and large electrical appliances for furnishing the property being renovated, referred to Legislative Decree 63 / 2013. The maximum amount of the expences on which to calculate the tax benefit for 2021 is 16.000 euros per property […]
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Extension to 31 December 2022 of the research, development, innovation and design tax credit
Article 1, par. 1064 of Law 178/2020 (Budget Law 2021) confirmed, until 31 December 2022, the tax credit for research, development, technological innovation, digital innovation 4.0, ecological transition, design and aesthetic ideation activities, regulated by Article 1, paragraphs 198 – 209 of Law 160/2019. In particular, the rule provides that the tax credit: – for […]
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False Declaration and Omitted Payment: two different violations
With judgment n. 27963 of 7 December 2020, the Italian Supreme Court took a position in relation to the tax penalties applicable in case of untrue declaration and consequent failure to pay the taxes due. In particular, the Supreme Court stated that the false declaration and the omitted payment have different trigger events and are […]
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Online sales to non-EU private individuals must be documented by invoice
The Covid-19 emergency has helped to increase the trend of online sales, a trend that has already been growing steadily since last few years. The strength that has attracted many small and medium-sized enterprises in Italy to invest in e-commerce is the possibility of breaking down the territorial limitations of physical stores and expanding their […]
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Non-repayable contribution for Businesses (D.L. Ristori 1,bis,ter,quater)
The Italian Government has issued new measures to support businesses who have been particularly affected by the new restrictions due to the pandemic upsurge. The government has then introduced a non-repayable contribution for subjects that: – have a VAT number and carry out one of the activities listed in the attachments (Annex 1 and Annex […]
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Municipality Tax for 2020: Exemption from payment of the second instalment
The Legislative Decree n.149/2020, so-called Ristori-bis Decree, extended the exemption from payment of the second instalment of Municipality Tax (IMU) for 2020 already provided by art.78 of the Law Decree n.104/2020 and by art.9 of the Law Decree n.137/2020. In particular, the Ristori-bis Decree provided for the cancellation of the IMU due on due on December […]
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Law Decree Ristori – Measures in support of tourism operators, culture, exports and international fairs
Article n. 5 of the “Decreto Ristori” provides for measures to support Italian tourism operators and the cultural sector, in particular: it increases, by 100 million euros, the fund to support the entertainment, cinema, and audio-visual sectors it increases, by a further 400 million euros, the fund to support operators in the tourism sector such […]
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The possibility of suspending amortizations
The possibility of suspending amortizations in the 2020 balance sheets in order to reduce any operating losses accrued as a result of Coronavirus has been confirmed by the conversion law of the “Decreto Agosto”. The companies that shall establish the financial statement without the application of international accounting principles, cannot account for up to 100% […]
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Payments suspended until 31 December
Decree Law no. 129/2020, published in the “Gazzetta Ufficiale” no. 260 of 20 October 2020, containing “Urgent provisions on tax collection”, postponed until 31 December 2020 the deadline for the suspension of the collection activity – previously set at 15 October 2020 by the “August Decree” – of all tax and non-tax revenues deriving from […]
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Application of the new e-invoicing technical specifications delayed to January 2021
The new technical specifications for the e-invoicing, whose application was foreseen from May 4th 2020 (with a transition period up to September 30th 2020), has been recently postponed due to the current Covid-19 pandemic. According to Revenue Agency’s provision n. 166579/2020 of April 20th 2020, the new technical specifications (version 1.6.) will be now applicable […]
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IPSOA Quotidiano: smart working for frontier workers to Switzerland
IPSOA Quotidiano publishes an in-depth study written by chartered accountant Francesco Marconi and lawyer Alessandro Poli on the smart working adopted for frontier workers working in Switzerland following the coronavirus emergency. In the article, the professionals of Andersen illustrate the response of the Regional Directorate of Lombardy Region to a questioning room in which it […]
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Il Sole 24 Ore: Our in-depth analysis of the operativity of the force majeure clause
Il Sole 24 Ore publishes an in-depth analysis of the operativity of the force majeure clause in an emergency situation such as the current one. The article was written by our professionals Nicole Frigo, partner Andersen, and Tatiana Karabanova, senior associate of the Firm, and analyses the concept of exemption from liability for breach of […]
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New deadline for income tax payment on October 30th with the surcharge of 0,4%
The Italian tax revenue agency with the announcement n.71/E of August 1st 2019, has clarified the possibility to pay direct taxes scheduled for September 30th on October 30th with the addition of 0,4% on the total amount due. Taxpayers can pay in three instalments; the deadlines for the payment are scheduled in different days between […]
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Moratorium of one month for the first transmission of electronic receipts
Amendments to Decree n. 34/2019, presented on June 10th by member of Budget and Finance Committees of the Chamber, also include a moratorium in view of the new obligation, in force since 1st July 2019, of electronic communication to the Revenue Agency of data relating receipts. For the entire first six months of its validity, […]
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Law Decree No. 34/2019: reintroduction of super-amortization
Art. 1 of the aforementioned decree reintroduced the discipline of the “super-amortization”, establishing that the tax benefit can be applied for purchases made from April 1, 2019 to December 31, 2019, or by June 30, 2020 provided that on December 31, 2019 the order is accepted by the seller and the down payments have been […]
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Further postponement for communication of invoice data and cross-border communication
On February 27th the Ministry of Economy and Finance has informed that the following fiscal deadlines have been postponed: communication of data of invoices issued and received (so called “spesometro”) for the second semester of 2018, which is due on 30 April 2019 ; cross border data communication (so called “esterometro”), concerning the sale of […]
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New Code of economic crisis and insolvency published in Official Journal
Yesterday, 14th February 2019, the Legislative Decree No. 14 on 12th january 2019, containing the new Code of the economic crisis and insolvency, was published in Official Journal. The Code will come into force on 15th August 2020, when the period of 18 months from the date of publication will be expired, according to provision […]
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Postponement for communication of invoice data and cross-border communication
The undersecretary of the MEF Massimo Bitonci, in a notice issued on Wednesday, February 13, 2019, announced the postponement to April 30, 2019 of the deadlines previously scheduled for February 28, 2019, for: – Communication of invoice data (also called “spesometro” – art.21 of DL 78/2010) of the second half of 2018; – Cross-border communication […]
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