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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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Law Decree Ristori – New temporary layoffs, dismissal suspension and social security contribution exemption
A further 6 weeks of temporary layoffs are provided. This provision applies from November 16, 2019 to January 31, 2021. The 6 weeks of temporary layoffs is free for companies which in the first half of 2020 had a reduction in revenues equal to or greater than 20% compared to the corresponding half of 2019, […]
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Law Decree Ristori – New indemnity for seasonal workers in tourism, thermal establishments and show business
An indemnity of 1000 euros is recognized as per art. 15 of Law Decree 137/2020: to seasonal employees in the tourism sector and thermal establishments who have ceased involuntarily the employment relationship in the period between January 1, 2019, and the date of entry the present decree-law and who have worked for at least thirty […]
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Law Decree Ristori – New emergency income measures
Families that had already benefited from the Emergency Income (so-called “Rem”) referred to in Article 23, paragraph 1, of Law Decree no. 104 of 14 August 2020, converted by Law no. 126 of 13 October 2020, shall be granted the same share also for November and December 2020. The Rem is also recognized, for November […]
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Art. 9 – Cancellation of both the balance and the second instalment of IMU
Art. 9 of the new Law Decree so-called “Decreto Ristori” confirmed the cancellation of both the balance and the second instalment of IMU due on December 16th for buildings in which specific economic activities are carried out, as identified by the Legislator. The Law provision, included in article 9 is addressed to the categories listed […]
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Law Decree Ristori – Rental tax credit and extended deadline for the submission of the 770 withholding tax model
The Law Decree Ristori updates the provisions on the tax credit relating to rents for non-residential buildings. This is also due to the operators for the months of October, November and December 2020. The tax credit related to the rental fee is equal to 60% of the monthly rental fee for buildings dedicated to the […]
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Credit refund of the extinguished company to the sole shareholder
By the decision no. 19641, filed on September 21th 2020, the Supreme Court ruled that, in case of a company cancelled from the company register, the previous shareholder is entitled to request reimbursement of the credit due to the company not only for the proportional amount to its share in the company but for the […]
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Andersen Global Extends Coverage in St. Kitts and Nevis
The Firm Founded in 1991, the Basseterre-based firm Lanns-Monish & Associates is led by founder and Office Managing Director Marcella Lanns-Monish. The team of ten professionals provides tax and accounting services to domestic and international clients, including business advisory, corporate restructuring, tax compliance, payroll and risk advisory. In addition, they provide services to a variety […]
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Andersen Global Initiates Expansion into Albania
The Firm Kalo & Associates, founded in 1994 by Managing Partner Perparim Kalo, is a leading law firm in Albania. With a team of eight Partners and 30 professionals, the firm has proven capabilities in banking and finance, corporate, commercial litigation and arbitration, employment, tax, infrastructure, intellectual property, and real estate. In addition to working […]
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Transfer of non-controlling shares and “Realizzo controllato” tax regime
In reply to question no. 309 of 4 September 2020, the Tax Revenue Office provided some clarifications regarding the application of the transfers of non contolling shares according to art. 177, paragraph 2 bis, of the Consolidated Income Tax Law, introduced by Italian decree (Decreto Crescita). The case concerns Alfa S.p.A., an unlisted company with […]
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The vat refund for non-resident taxpayer with fiscal representative
The Italian Supreme Court with the decision n. 21684/2020 ruled that taxpayer resident in another EU State may apply for VAT refund even if they appointed a fiscal representative in Italy. The matter concerned a VAT refund application for fiscal year 2000 submitted by a French company. The Tax Office denied the VAT refund arguing […]
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Andersen Global Adds Additional Presence in Jamaica
The Firm Founded in 1944, Myers, Fletcher & Gordon provides legal services to global corporations, government agencies and individuals with local and international expertise in various industries such as tourism, transportation, financial services, telecommunications, mining, energy and labor. Its full-service capabilities include litigation, corporate and commercial law, real estate law, intellectual property, tax law, property […]
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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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The procedural effects of the cancellation of the company from the Commercial Register
The effects of the cancellation of a company from the Commercial Register are described in article 2495 of the Italian Civil Code, introduced by the 2003 company law reform. The cancellation, however, does not imply the automatic disappearance of the relationships belonging to the company; article 2495 of the Italian Civil Code only partially defines […]
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It is now possible to identify the correct VAT rate for all EU countries
A few days ago the European Commission made available a software through which it’s possible to identify the correct VAT rate applicable to the supply of goods and services in each Member State of the European Union. This tool is available at the following address: https://ec.europa.eu/taxation_customs/tedb/vatSearchForm.html. In order to be able to correctly use the […]
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Vat benefits for sale of “anti-Covid-19” goods: clarifications from Financial Administration
The Financial Administration, with Circular No 26/E of 15 October 2020, has provided any clarifications about the VAT benefits for sales of goods necessary for the containment and management of the epidemiological emergency from Covid-19. Article 124 of Law Decree No 34/2020 establishes that for sales of goods listed in the 1st paragraph apply: an […]
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Gilberto Cavagna assists Noberasco on sponsorship and influencer marketing activities
Noberasco S.p.A., an important Italian company in the food sector and leader in the dried and dehydrated fruit market, and its marketing department were supported by lawyer Gilberto Cavagna in the negotiation of sponsorship contracts with sportsmen and athletes. Since last September, part of the Andersen team as associate partner, Cavagna assisted the company in […]
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Cookies and Privacy – consent must be clear, specific and unequivocal
The European Data Protection Board (EDPB) has returned to the matter of consent relevant to GDPR, clarifying, in the Guidelines issued last May, that the consent given by users in the presence of so-called cookie walls and in the case of so-called scrolling is to be considered invalid for the processing of personal data. More […]
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Teleworking in Europe: European Guide to Support Employers
The global spread of Covid-19 is forcing employers worldwide to introduce teleworking. In Europe, there are no uniform regulations for the introduction of telework, except for the voluntary European framework agreement from 2002, which only contains a general legal framework. However, this agreement is not binding law for the EU member states. The practice guide […]
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The reciprocal request for resolution by the parties determines the termination of the contract
The Supreme Court has reaffirmed the principle that the Judge must in any case declare the resolution of the contract when the contracting parties ask each other to terminate it. The Ermellini, examining an appeal against sentence no. 728/2018 of the Court of Appeal of Perugia, confirmed the previous jurisprudential orientation, according to which the […]
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