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Self-money laundering if money transfer for invoices for non-existent transaction
The Supreme Tax Court with the decision n. 6397/2020 ruled that the entrepreneur who transfers money to pay the invoices for a non-existent transaction and then receives the same money, previously paid by wire transfer, commits the crime of self-money laundering as per art. 648 ter1 of the Italian Criminal Code. An Italian company has […]
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The employer according to legislative decree 81/2008 (“Testo Unico Sicurezza”)
The identification of the employer is not always a matter of easy solution, since, especially within companies with complex structures, it is possible to identify multiple subjects assigned to satisfy the position of guarantee assumed by the person who, according to the Testo Unico Sicurezza, has the qualification of employer. The purpose of this study […]
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Andersen CEO Andrea De Vecchi comments on African economy
Africa is a country constantly growing by population and GDP, consumer spending in some countries will reach rates of over 8%, the most lively segment for growth is that of services: information and communication technology beyond to that of Finance. The positive consequence is that huge frontiers are opening up for investments, in markets that […]
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Black list EU: additional countries
The Economic and Financial Affairs Council on 18th February, 2020 adopted revised conclusions on the EU list of non-cooperative jurisdictions for tax purposes. The EU decided to include the following jurisdictions in its list of non-cooperative tax jurisdictions: Cayman Islands Palau Panama Seychelles. The Council cleared and removed from the black list 16 jurisdictions that […]
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Andersen for the protection and enhancement of family assets
Palazzo Zabarella is the setting for the meeting that BPER Banca and Andersen organize on February 19 in Padua on the theme of trust in art. The event This legal instrument, presented by the head of Trust Company BPER, Angelo Taffurelli, and by the CEO Andersen, Andrea De Vecchi, is in fact one of the […]
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Art. 2476, par. 2, of Italian Civil Code and holding companies
Between legitimate enforcement of the right and abuse of it It is well known that article 2476, paragraph 2, of the Italian Civil Code, provides the right of the quota holder of a limited liability company to ask information about the business of the company and to make inspections in order to verify the related […]
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Andersen Global Enters Morocco; Expands Presence in Northern Africa
After continuing expansion throughout Southern, Eastern and Western Africa, Andersen Global strengthens its presence in Northern Africa via a Collaboration Agreement with Morocco-based advisory firm M.A. Global Consulting (MAGC). M.A Global Consulting MAGC was founded in 2005 by Office Managing Partner Mehdi El Attar and has grown to include three partners and nearly 30 professionals. […]
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Andersen in Italy enters the Forbes 100 legal leader ranking of 2020
The ranking Forbes Italia draws up its first ranking of the year, highlighting the 100 law and tax firms that have distinguished themselves in recent months for their innovative approach to the profession and the ability to consolidate and observe their presence in the domestic market. In the ranking already last year, Andersen in Italy […]
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Inbound employees tax regime: extension with a child born after residency relocation
Article 16 of Legislative Decree 147/2015 introduced into the Italian legal system a particular tax regime for “inbound” employees designed to act as a further incentive to transfer their residence in Italy. This particular tax regime provides that, for persons who move to Italy, the income from employment, self-employment and business is taxable for the […]
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New collaboration in the Republic of Guinea with Nimba Conseil
Marking its debut in the Republic of Guinea, Andersen Global announced the continuation of its African expansion by way of a collaboration agreement with Nimba Conseil, a tax and legal firm based in Conakry. Nimba Conseil Nimba Conseil, founded in 2005, includes Office Managing Partners Guy Piam and Aminata Bah, with more than 10 […]
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INTRASTAT: relevance of registration to VIES and new evidence about release of assets/goods from the Country
The elements characterizing intra-Community trade are summarized below: the transaction must relate to tangible movable property shipped or transported by the seller or purchaser or by third parties on their behalf from one Member State of the EU to another; the transaction must take place between a taxable person (buyer) and a taxable person (seller) […]
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How to pay the annual fee for the corporate books
Obligated subjects The payment of the fee must be made by the limited company (spa, srl and sapa) including consortium companies. The obligated parties also include companies in ordinary liquidation and companies under insolvency procedures (with the exclusion of bankrupt companies), as long as they keep the obligation to authenticate the corporate books as mentioned […]
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Tax effects of rent “a scaletta” (variable)
A case that occurs with a certain frequency is for example an agreement to reduce the rent in favor of the tenant who, in agreement with the property owner, performs renovations on the property. According to art. 26 of the T.U.I.R. “rental income contribute, regardless of perception, form the overall income of the subjects who […]
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The protection of privacy in the Data Protection Authority’s measures in 2019.
With the RGPD on the protection of personal data, the subject of privacy has encountered a strong and new awareness that arises from precise requirements of legal certainty, harmonization and greater simplicity of the rules regarding the transfer of personal data within the European Union and beyond. The RGPD has also foreseen the establishment of […]
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Withdrawals In Procurement And Extension Of The Reverse Charge
Starting from January 1st , the contractors and subcontractors have to determine and pay withholding taxes in procurement, related to income that comes from employed. This obligation is only applied if the amount of the work or service is more than € 200,000, and only if the work is carried out with the prevalent use […]
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Consob publishes its final Report on ICO
On 2nd January, the Italian Companies and Exchange Commission (“Consob”) published the final report (hereafter the “Report”) on the initial coin offers (the ICOs) and the exchanges (IEOs) of crypto assets (the so-called tokens) which constitute one of the numerous ways in which the distributed ledger technology (DLT) and also blockchain technology. These technologies, pointed-out […]
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The effect of the Brexit in 2020
Effective February 1st 2020, as per the Brexit withdrawal agreement, the United Kingdom will become a non-EU country. The withdrawal agreement provides for a transition period until December 31st 2020 in which the UK will remain in the single market and customs union until the end of the transition. During this 11-month period, the UK […]
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Africa 2020 conference, which opportunities in the country
Milan – 30 January 2020 – The conference entitled Africa 2020: Political and Economic Perspectives was held today at the Andersen & Legal headquarters in Milan. The conference, organized by the monthly magazine Africa e Affari – which has been dealing with development, commercial and even cultural issues in that area of the world for […]
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Andersen Global Expands Middle Eastern Presence
Andersen Global entered into a collaboration with Lipa Meir & Co., one of the most established and reputable law firms in Israel, adding dimension to the organization’s existing presence in the Middle East. Lipa Meir & Co Led by Office Managing Partner Alon Pomeranc, Lipa Meir & Co., founded in 1987, is comprised of more […]
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Obligations, methods and deadlines for issue and transmission of 2020 Income Certification Form (CU) for remuneration and commissions paid to taxpayers on Flat-Tax regime
Individuals in a Flat-Tax regime must issue a 2020 CU to entities in which during 2019 had declared: – Income from employment or similar – Income other that the one indicated above, on which withholding tax was optionally operated. The 2020 C.U. must not be issued in reference of income in which the taxpayer has […]
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