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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.
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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 […]
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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 […]
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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 […]
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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.
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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 […]
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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 […]
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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 […]
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Punitive damages and exequatur
The italian Corte di Cassazione recognized and enforced US Judgement based on “punitive damages”.
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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 […]
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Medical liability
The new medical liability is innovative, see annex for more details.
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Split Payment
D.L. 50/2017 introduced changes in Split Payment. Read more in the attached document (in Italian).
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AML for Italian Lawyers
The Consiglio Nazionale Forense published “AML vademecum” for italian lawyers, after the AML new law.
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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 […]
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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 […]
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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 […]
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Privacy: insights on new rules
Next May 25, 2018 will enter into force the regulation 2016/679 that concerns privacy policy. This regulation enters into what, with Directive 2016/680, has been defined as the “European Data Protection Package”. The article attached herewith defines the amendments introduced by the Regulation which all companies shall adopt within one year.
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The “overindebtedness procedure”
The “overindebtedness procedure”, introduced by the Italian law 3/2012, is increasingly being used in Italian Courts. Read more in the attached document (in Italian).
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Clarifications on reverse charge sanctions
For any further infomation please contact our Office.
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No more automatic lifelong divorce payments
Italian high court ends automatic lifelong divorce payments in landmark ruling. Supreme Court judgment overturns 30 years of case law: from now on the benchmark for levels of maintenance will be based on an assessment of the independence or economic self-sufficiency of the former spouse requesting it. Divorcees who have independent means or are capable […]
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