• The negative business spin-off, when it can be implemented

    Francesco Ventriglia, Andersen chartered accountant, analyze the negative business spin-off in an article published by Il Sole 24 Ore. The article examine, the research document of the National Foundation of accountants, entitled: “Negative division: civil admissibility and accounting profiles” which examines in depth the issue of the legitimacy of the negative division, namely the procedures […]

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  • Gifts tax treatment

    When companies provide Christmas gifts or dinners to customers, suppliers and employees, it is important, from a fiscal point of view, to take into account the cost deductibility limits and the related VAT deductibility. In particular, it is essential to distinguish whether the gifts are purchased to be donated or if they are directly produced […]

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  • Advance VAT Payment 2018

    We inform you that, as usual, by next Thursday, December 27th, taxpayers holding a VAT number, who carry out businesses, art or professional licenses, no matter the legal form and that perform VAT liquidations, as well as VAT payments with monthly or quarterly frequency, are required to pay the advance VAT payment for 2018. The […]

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  • Andersen Global Continues Growth in United Kingdom With Claritas Tax Limited

    Today, Andersen Global expanded its reach in the United Kingdom with the addition of Claritas Tax Limited, a tax advisory and compliance services firm based in Birmingham, the second largest city in the country. Claritas is the fourth firm collaborating with Andersen Global in the UK. “Adding a sought-after firm like Claritas is not only […]

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  • Fraudulent bankruptcy: flexible additional penalties, determined on a case-by-case basis

    It is unconstitutional the provision of additional penalties with a fixed duration of ten years (in particular, incapacitation to exercise a commercial enterprise and inability to hold companies’ management offices) for all those who have been convicted of fraudulent bankruptcy. The Constitutional Court of the Italian Republic stated so with sent. n. 222/2018, filed on […]

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  • Impacts of the ATAD directive on intercompany loans

    Following the Legislative Decree implementing the Anti Tax Avoidance Directive (ATAD) set of rules, many changes regarding the interests’ deductibility have been introduced and will be applied starting from fiscal year 2019. Among these news one of the most important is the one related to the intercompany loans, especially those characterized by lower interest rates […]

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  • Andersen Global Announces Expanded Presence in Poland with KSP Legal & Tax Advice

    KSP Legal & Tax Advice (T.Srokosz i Wspólnicy Sp.k.), a leading law firm based in Katowice, Poland, has entered into a collaboration agreement with Andersen Global, an international association of tax and legal firms. Andersen Global’s expanded presence in Poland furthers its ability to provide seamless service throughout Europe through its member firms and collaborating […]

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  • Andersen Global Announces Expansion of Global Board

    Andersen Global announced today the expansion of its Global Board of Directors with two new board members: Seyi Bickersteth, Partner at Andersen in Nigeria, and Lena Hamdi, Partner at Andersen & Legal in Egypt. Seyi and Lena will join 10 other top tax and legal advisors on the Global Board and their appointments will provide […]

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  • Electronic invoicing, summary of excluded subjects

    The new electronic invoicing scheme, since January 1, 2019, will not involve all Italian VAT numbers, the legislator has in fact provided for an exemption for some categories of taxpayers for the active billing cycle. The first category that are exempted by the issuing of invoices in XML format is characterized by taxpayers in a […]

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  • Andersen Global Expands Presence in Africa with the Addition of Mondon Conseil International

    Andersen Global announced a collaboration agreement with Mondon Conseil International, a notable Western African tax consulting, legal, accounting and financial advisory services firm based in Ivory Coast. The agreement further establishes Andersen Global’s footprint in Africa. The global organization now has a presence in nine locations since entering the African tax and legal market less […]

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  • Branch Exemption regime is not revocable

    The branch exemption regime gives to the resident companies the right to opt for the exemption of profits and losses attributable to all their non-resident permanent establishments. Article 168-ter of the Italian Corporate Income Taxation Text (CITT) states that the option is not revocable and that the taxpayer should opt for the regime when the […]

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  • The Trifling Criminal Offence does not apply to juridical entities

    For the first time the Italian Supreme Court (sentence n. 9072/2017, filed on 28.02.18), states that the non-punishment causes of a trifling fact (article 131bis of the Italian Criminal Code), which is applicable to individuals , cannot be also applicable to juridical entities under a preliminary felony charge. In particular, article 131-bis of the Italian […]

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  • The importance of the labor lawyer

    Matteo Amici, labor lawyer at Andersen, in an interview to Milano Finanza underlines the importance of the labor lawyer already in the phase of establishing the working relationship. The skills on the subject, the continuous legislative changes and experience are factors that can make the difference for entrepreneurs to avoid future judicial or administrative problems.

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  • Possible extension to the IRPEF subjects of the rules of the amount carried over of the losses for IRES subjects

    The Draft Budget Law for 2019, under discussion by the Parliament, could change the discipline concerning the use of the enterprise’s losses for natural persons. Currently, article 8 of the TUIR (Italian Law for national income tax), which rules upon the application of the income tax on natural persons, provides that: tax losses generated by […]

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  • Budget Law 2019 – Measurements to support companies

    The Budget Law Draft of 2019 includes a few provisions to support companies, some already proposed before, and others with new formulations. Among these last ones is  the introduction of an incentive regime consisting of taxation with a reduced IRES tax rate by nine percentage points (from 24% to 15%) of the income declared by […]

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  • The refund of the EU withholding tax is allowable also in case of voluntary disclosure

    The Regional Tax Court in Lombardia, with the decision n. 4031/02/2018, ruled in favor of an individual taxpayer who submitted the voluntary disclosure, stating that the denial by the Revenue Agency of the refund of any “EU withholding tax” already paid by the taxpayer, is illegal and not compliant with the double taxation agreement in […]

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  • Andersen Global Adds Tax & Legal Services in Argentina

    Andersen Global announced today it signed a Collaboration Agreement with Goldemberg Saladino Hermida Rolando & Asociados, in Buenos Aires. This is the second Andersen Global collaborating firm in the commerce hub of Buenos Aires, and the 20th location in nine different Latin American countries. For thirty years, the team at Goldemberg Saladino Hermida Rolando & […]

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  • Super and Hyper-depreciation in the budget law for 2019

    The draft of the budget law for 2019 introduces new measures in the regulation of super and hyper-depreciation. These two tax breaks, allow companies to benefit from increased fiscal amortization, in excess of the purchase cost of new capital goods. The budget law, still under discussion, in its draft version provides an extension for the […]

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  • Tax payments by the end of the year

    Here below we intend to summarize the next deadlines for the payment of taxes and social security contributions. November 30th, 2018: second or only installment of direct taxes and social security contributions for 2018 calculated on the basis of Income and IRAP 2018×2017 models The payment of the second or only installment can be determined […]

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  • Release of a shareholder from negative consequences of contribution

    With the ruling n. 17500 of July 4, 2018 the Supreme Court clarifies the conditions for validity of a shareholders agreement which grants a put option to one of the shareholders as an indemnity instrument aimed to transfer the risk inherent to the contribution to other shareholders. The further appeal was submitted against the decision […]

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