-
Article 34 Bankruptcy law – The amendments made by Budget Law 2018
The Budget Law 2018 amended the article 34 of Bankruptcy Law regarding the bailment on compulsory liquidation’s bank accounts, enforceable’s bank accounts and bank accounts of seizure procedure. The legislative action provides that all ammounts on those checking accounts have to merge into the “Fondo Unico di Giustizia” or “FUG”, managed by Equitalia Giustizia SpA. […]
Learn More -
Clarifications on booking terms to deduct input VAT on purchases
The Italian Government issued a new Law last april which changed the booking terms in order to deduct input VAT on purchases. Changes entered into force on January, 1st 2017. As there have been a lot of confusion on the application of said Law, the Italian Tax Authority issued important clarifications which have been reported […]
Learn More -
Simplification on Intra EU communications effective from 01.01.2018
Since January 1, 2018, some important simplifications regarding Intra-EU communications have been introduced. Andersen & Legal Professionals are at your disposal to provide any further clarification that may be need.
Learn More -
Budget Law 2018: fiscal highlights
The Budget Law 2018 was published in Official Gazette no. 302 of 29 December 2017 and has been in force since 1 January 2018. Andersen & Legal is at your disposal for any additional clarification and explanation.
Learn More -
Law Decree connected to Budget Law 2018: fiscal highlights
The Law Decree connected to Budget Law 2018 was published in Official Gazette no. 172 of december 4th, 2017 and is in force since January 1st, 2018. Andersen & Legal is at your disposal for any additional clarification and explanation.
Learn More -
Update on regulation of Split Payment
Revenue Agency provided clarifications regarding the “Split Payment”, applicable from 1st July 2017. To correctly identify the recipients of the new discipline, specific lists had been drawn up and pubblished for the year 2018. New methods of VAT payments had also been set. Andersen & Legal is at your disposal for any additional clarification and […]
Learn More -
New deadlines for VAT deduction
The 2017 corrective measure (D.L. 24 April 2017 50, converted with amendments into L. 21 June 2017 n. 96) introduced some significant changes with regard to the deadlines within which taxpayers are required to exercise the right to deduct VAT relating to the purchase of goods and services and registering purchase invoices and customs bills […]
Learn More -
Usa Tax Reform – Conference Agreement Proposal
Before Christmas it is expected the approval of the Tax Reform Bill. The new tax reform legislation is the first major overhaul of the U.S. tax system in three decades and contains significant changes for both individual and business taxpayers. This deepening provides ample opportunity for thought on the most significant topics touched by the […]
Learn More -
Double taxation: new tax dispute resolution mechanisms
The Directive n. 1852 approved by Ecofin on 10 October 2017 has introduced a new tax dispute resolution mechanisms in the European Union in order to cover issues related to double taxation. Please see the attachment for further details.
Learn More -
Bankruptcy and insolvency reform act 2017
The draft law n. 2681 for the bankruptcy and insolvency reform was approved on 11th october 2017 by the Senate of Italian Repubblic. Within twelve months the Chamber of Deputies will have to adopte one or more legislative decrees to develop the organic reform of insolvency proceedings and the review of privileges and guarantees. Bankruptcy […]
Learn More -
Cinema tax credit: an opportunity for investors
The Italian legislature has established several measures in favour of the cinema and audiovisual industry. The new Law dated 14 November 2016, n. 220, introduced several amendments and new provisions to the old regime in order to attract more investors and to strengthen such crucial industry in Italy. New tax benefits are based on the […]
Learn More -
Is the final agreement a mere repeat of the preliminary agreement?
In a recent judgment, the Supreme Court reaffirmed the principle of law according to which if the parties, after they have entered into a preliminary agreement, concluded the final contract, the latter is the only source of rights and of obligations related to their relationship and not mere repetition of the first contract, as the […]
Learn More -
Punitive damages and exequatur
The italian Corte di Cassazione recognized and enforced US Judgement based on “punitive damages”.
Learn More -
Branch exemption and the recapture of losses
With the measure n. 165138 issued on August 28th, 2017, the Italian Revenue Agency approved the implementing provisions of the branch exemption regime, which has been introduced by the so-called “Internationalization Decree” and regulated by article 168 ter of the Italian Consolidated Tax Text (CITT). The Branch Exemption regime applies to resident companies operating in […]
Learn More -
Medical liability
The new medical liability is innovative, see annex for more details.
Learn More -
Split Payment
D.L. 50/2017 introduced changes in Split Payment. Read more in the attached document (in Italian).
Learn More -
AML for Italian Lawyers
The Consiglio Nazionale Forense published “AML vademecum” for italian lawyers, after the AML new law.
Learn More -
ACE: coefficient reductions confirmed
With the final approval of the Conversion Bill of DL 50/2017, the rules of ACE (aid to economic growth) have been changed again. The Italian legislator confirmed that must be considered changes in equity capital from the year 2011 onwards for the calculation of the tax benefit, without needing to consider only changes of the […]
Learn More -
Trust for support to disabled people: facilities provided in law n. 112/2016
Italy introduced Law No 112 of 2016, on assistance for people with severe disabilities without family support. Main goal of the law is the full inclusion and autonomy of people with disabilities. In order to achieve these aims, it is provided for the establishment, at the Ministry of Labour and Social Affairs, of a Fund […]
Learn More -
Anti Money Laundering legislation: D.Lgs 25.05.2017 n. 90 approved
The D.Lgs 25.05.2017 n.90 was approved and published on the 19.06.2017 Gazzetta Ufficiale.The italian national law mesures – trasposing the reporting obligations set out in Directive (UE) 2015/849 – will enter into force on the fourth of july. The news set out, mainly involves: increasing of the administrative sanctions; increasing number of the “politically exposed […]
Learn More