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New webinar organized by Andersen team of Public and Regulatory Law
The European Public and Regulatory Law service line of Andersen schedule a webinar on Public procurement, regulatory framework, and future legislative proposals on December 2. (click here to register) These topics are discussed by José Vicente Morote, European Legal coordinator of Andersen, Rafael Ripoll and Vassilios Kanaras, Legal Officer at the Unit Access to Procurement Markets at the Directorate General Internal Market, Industry, Entrepreneurship […]
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Andersen Italy supports AideXa
The team of lawyers led by Andrea di Castri, legal coordinator of Andersen Italy and equity partner, together with Luca Condoleo and Tatiana Karabanova, assisted AideXa during the drafting of the contracts. AideXa is the fintech project created to support SMEs and professionals promoted by Roberto Nicastro and Federico Sforza. The project takes advantage of […]
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Permanent establishment: business activities and the “de facto” administrator’s role
The Supreme Tax Court with the decision n. 21693/2020 ruled that a permanent establishment is set when a non-resident or resident Company carries on all or part of its business activity in the territory of the State with a fixed place of business. In the present case, the Tax Office has notified to a non-resident […]
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Exemption of dividends and capital gains paid to EU/EEA funds
Undertakings for Collective Investment Schemes (UCIs) under foreign law (compliant with Directive 2009/65/EC, or non-compliant but subject to supervision under Directive 2011/EU) may collect dividends from Italian companies exempt from withholding tax. The same exemption applies to capital gains realized on Italian qualifying holdings. This is provided for by art. 109 of draft Budget Law […]
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Obligation to justify shareholders’ resolutions
We can observe, as also stated on several occasions by the Court of Cassation[1], that, according to the rules of the Italian Civil Code, there isn’t a general principle of obligation to justify shareholders’ resolutions passed by limited liability companies or joint-stock companies. On the contrary, the provisions of the Italian Civil Code show the […]
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Andersen Italy participates in the birth of the C&M Book Logistics joint venture
Andersen Italian team led by Andrea De Vecchi, Managing Partner, and Andrea di Castri, Partner, together with the contribution of Sebastiano Dell’Arte, Partner, supported Emmelibri S.r.l. in the creation of the joint venture C&M Book Logistics Srl. Emmelibri S.r.l., is the most important independent Italian distributor of publishing products. C&M Book Logistics will be responsible […]
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Andersen analyse the impact of Brexit in customs and VAT
During the webinar organized by Andersen European professionals, in collaboration with the representatives of the European Commission, Germán de Melo and María Isabel García Catalán, the implications of VAT following the exit of the United Kingdom from the European Union were explored. The EORI (Economic operator registration and identification) customs and temporary storage authorizations of […]
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The Italian Competition Authority investigate Google over advertising market abuse
Following a complaint filed by an Italian digital advertising lobby group, on 20 October the Italian Competition Authority (the Authority) have opened an investigation into Google for alleged abuse, of its dominant position in the display advertising market (prohibited under article Article 102 of the Treaty on the Functioning of the European Union) . Display […]
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Andersen Solidifies Platform in Middle East
Andersen Global member firms formerly operating under the brands “Andersen Tax” and “Andersen Tax & Legal” in Egypt, Jordan and Kuwait will now transition to the common brand “Andersen.” Additionally, Andersen welcomes member firm Alrikaz in the Kingdom of Saudi Arabia (KSA) which will also adopt the Andersen brand. The adoption of a common brand […]
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Extension of Income Tax and Irap payment
Art 6 DL “Ristori bis” extend the second instalment of Income tax in accordance with art 98 del DL 104/2020. The payment of income tax and IRAP has been postponed until 30/04/2021. (tax period 2020). Also covered by the previous rule are substitute taxes, income tax additions and property taxes. The extension is to be […]
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New Code of Company Crisis
On November 5, 2020, the Legislative Decree No. 147/2020 was published in Official Journal. This Decree had made some adjustments to New Code of Company Crisis and introduced, inter alia, some changes to provisions on adequate organizational structures in Corporate Law. These amendments will enter into force on fifteenth day following the publication of regulatory text […]
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The Corrective Decree of the Crisis Code in the Official Gazette
Legislative Decree no. 147 of 26 October 2020 was published in the Official Gazette on 5 November 2020. This Decree contains supplementary and corrective provisions to the Code of Business Crisis and Insolvency (Legislative Decree no. 14/2019). It intervenes on a regulatory text already amended to resolve disputes arising from unclear provisions, eliminate possible misprints, […]
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Andersen Global Adds One of Tajikistan’s Largest Tax and Legal Firms
The Firm Since 2005, the professionals at LLC Tax and Legal Advisers have provided services to local and international businesses, focusing on tax, legal, advisory, and outsourcing. The Dushanbe-based firm is led by Office Managing Partner Daler Sirojiddinov and operates with numerous professionals. “We dedicate ourselves to delivering the most comprehensive solutions to our clients, […]
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The shareholders’ loan needs a special minute
The loans of the shareholders can be opposed to the tax authorities only if provided by a special minute and then accounted accordingly. If not, it can be considered as hidden profit for the company. This is what the Court of Cassation has stated with ordinance no. 24746 of November 5th 2020. The Court of […]
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Andersen Global Enters Armenia
The Firm TK & Partners, founded in 2012, is led by Office Managing Partner Varoujan Avedikian and operates with five Partners and 17 professionals, serving international and local clients. The firm provides advisory and legal services in the areas of corporate, banking and finance, antitrust and competition, intellectual property, real estate, bankruptcy, tax, energy and […]
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First IRAP advance for 2020
With Circular no. 27 published on October 19, 2020, Revenue Agency provided clarifications and overcame some operating uncertainties regarding the method to determine first IRAP advance payment for 2020 fiscal year excluded from the IRAP balance payment. Please do not hesitate to reach out to our Professionals in case you need further clarifications on the […]
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Probable extension of the so-called “Zero Rate” on anti-Covid-19 goods
In the Official Journal of the European Union, L 359 of 29 October, EU Decision No 1573/2020 of 28 October was published, in which the Commission considered it necessary to extend the temporal effect to 30 April 2021 of exemption from customs duties and VAT on imports of goods intended for the containment and management […]
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Andersen assist the family of the artist Clemen Parrocchetti Piantanida
Our Associate Partner Gilberto Cavagna, specialized in art law, assisted the heirs of the artist Clemen Parrocchetti Piantanida in the establishment of the archive dedicated to the study, enhancement and promotion of the artist and her works. Gilberto Cavagna provided assistance to the artist’s family in all legal aspects, from the preparation of the archive […]
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European Corporate Legal Insights: distribution agreements in Europe
Andersen’s second issue of European Corporate Legal Insights examines the legal framework of distribution agreements in several European countries. With the introduction of new technologies, the market for products and services extends past borders. International trade is an important strategy for companies of all sizes seeking access to a broader, more diverse and decentralised consumer. […]
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VAT deductible on rechargeable mobile services
The taxable person who purchases, as an end-user, rechargeable mobile phone services can exercise the VAT deduction if indicated on the invoice separately from the consideration. This was confirmed by the Revenue Agency with the Resolution n.69/E of 22 October 2020 in response to the request submitted by a company that had signed a contract […]
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