• Registration in the VAT Informations Exchange System (VIES)

    Until now, the indications provided by Circular AE no. 39/2011 and by Resolution AE n. 42/2012 indicated that if a VAT taxable person was not registered in the VIES system, the tax regime of European transactions must not be applied. The ruling c21-16 (February 9, 2017) by EU Court overturned what the Italian financial administration […]

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  • Overlapping invoices and VAT deduction

    The period between two fiscal years is always important in order to identify the moment VAT becomes deductible on overlapping invoices, especially because of the recent changes of the rules governing this matter. In fact, the art. 14 of the Decree Law n. 119/2018 added a new period to art. 1, paragraph 1, of the […]

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  • Andersen Global Announces Collaboration with Budapest Law Firm

    Andersen Global announced a collaboration agreement with Szabo Kelemen & Partners Attorneys, a respected law firm based in Budapest, Hungary. Hungary marks the 38th country in which Andersen Global offers legal services, expanding the international association’s growing presence in Eastern Europe. Andersen Global is now present in more than 46 countries worldwide. Founded over two […]

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  • Seminar on civil law: Valentina Piccinini at University of Turin

    As part of the constant research of the Department of Law at the University of Turin, the institute organizes the congress Colloqui torinesi di diritto civile, where Valentina Piccinini also participates. The lawyer from Andersen speaks at the seminar on January 24th in a debate that will involve different teachers from different backgrounds to provide a complete scenario on […]

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  • IFA seminar: Maricla Pennesi on permanent establishments

    Maricla Pennesi, Partner Andersen, participates at the conference organized by the Italian branch of the International Fiscal Association (IFA) titled Temi attuali di diritto tributario internazionale e dell’Unione Europea (Actual topics on international and of EU fiscal law), which will be held on January 23.   This first edition examines in depth multilateral convention so-called MLI (Multilateral convention […]

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  • New guidelines for voluntary jurisdiction proceedings in corporate matters

    Legislative Decree 168/2003 established Courts sections specialised in industrial property matters (now replaced by sections specialised in business matters, governed by Article 2 of Legislative Decree n. 1/ 2012, converted, with amendments, into Law n. 27/2012). In particular, these Courts are competent with regard to “cases and proceedings relating to corporate relations“, which certainly also […]

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  • Andersen Strengthens Practice and Presence in Italy

    The expertise of three new Managing Partners and two Partners build up the capabilities of the firm, together with an even more widespread presence in the region. Andersen in Italy welcomes the legal and tax professionals Andrea di Castri, Francesca Capoferri, and Stefania Zanotti, as Managing Partners in its offices. The addition of the three […]

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  • New Italian favorable tax regime for HNWI: Maurizio Di Salvo at STEP Federation

    Maurizio Di Salvo takes part as a speaker at the 3rd Alpine Conference organized by the Swiss & Liechtenstein STEP Federation. The conference covers many industry lead topic, such as Data Exchange, Blockchain, Cryptocurrency, Quo Vadis Trust Business. Maurizio, who gained experience in domestic and international tax controversies, debates on the immigration flow to Italy during the rounded table […]

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  • Payment of the virtual stamp duty on electronic invoices

    The Ministry of Economy and Finance Decree of 28 December 2018, published in the Italian Official Journal on 7 January 2019, modifies methods of payment of the virtual stamp duty on electronic invoices from 1 January 2019. The original formulation of art. 6 of the D.M. 17 June 2014 provided that the stamp duty should be paid, […]

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  • New limit on cash payments by non-residents

    The 2019 Budget Law raised from € 10.000 to € 15.000 the maximum limit for cash payments made by non-resident citizens in relation to so-called “tourism-related transactions”. The new limit applies to payments made by non-resident citizens – both EU and non-EU – in relation to purchases of goods and services from operators listed in art. […]

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  • Obligation of electronic invoice – Criticality in relation to the Privacy regulations

    The provision of 15 November 2018 made by the Italian Data Protection Authority highlights some problematic aspects on the obligation of electronic invoicing. As we all well know, the electronic invoice, from 1 January 2019, is mandatory for all sales of goods and services provided, however, made between subjects resident or based in Italy (Article […]

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  • Andersen Global Expands Luxembourg Offerings

    Andersen Global announced today it has signed a collaborating agreement in Grand-Duché de Luxembourg with the law firm Collin Maréchal (CM Law). Founded in October 2014 by partners Raphael Collin and Benoit Marechal, CM Law is ranked in both Legal 500 and Chambers. It will be the third Andersen Global firm in Luxembourg, joining current […]

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  • New tax fulfilment for non domestic transactions (Esterometro)

    Starting from 1 January 2019, a new fulfilment has been introduced, and it is called “esterometro”. The introduction of this instrument meets the primary purpose of a monthly communication to the financial administration regarding all the transactions not subject to the obligation of electronic invoicing, with particular regard to transactions from/to foreign businesses. This communication […]

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  • Bloomberg Tax: Italy Courts Controversy With Adoption of Digital-Revenue Tax

    Amazon, Facebook, and other American technology giants could owe Italy hundreds of thousands of dollars under a new digital-revenue tax lawmakers approved as part of the country’s 2019 budget. The 3 percent tax applies to revenue from online advertising, online sales, and data processing, for companies with global annual revenue of at least 750 million […]

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  • Andersen Expands in Turkey

    Andersen Global is proud to announce an expanded presence in Turkey as local member firm, Andersen, opens a fifth office in the city of Denizli in January. Andersen in Turkey, which also has a presence in Istanbul, Ankara, Izmir and Bursa, first became a member firm of Andersen Global in January 2018, and has experienced […]

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  • ATAD Directive: new Cfc rules

    The Legislative Decree No. 142/2018 about the implementation of the ATAD Directive, in force as from January 12th, 2019 for companies that close the financial statement as at December 31st, provides some news regarding the Controlled foreign company rules. In particular, based on the new rules: – the Cfc is extended to resident companies that […]

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  • Andersen Global Expands into Gurgaon

    Andersen Global announces an expanded presence in India as Nangia Advisors LLP, a collaborating firm of Andersen Global, added an office location in Gurgaon, India. Nangia Advisors began collaborating with Andersen Global in May 2018, initiating the international association’s expansion in India. The addition in Gurgaon marks Nangia Advisors’ fifth location and continues their steady […]

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  • EU Regulation regarding Free Movement of Non-Personal Data

    In the context of data economy and data flow across borders, the new Regulation of the European Parliament and of the Council, acknowledges the importance of the latest information and communication technology, including AI and Machine Learning, Internet of Things, 5G, Value Chains, and all the technology which makes use of electronic data in the […]

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  • The third “tax collection settlement procedure” according to D.L. 119/2018

    The Article 3 of the D.L. 119/2018 introduced the possibility of benefiting from the third “tax collection settlement procedure” for payment demands entrusted to the Collection Agent between 1st January 2000 and 31th December  2017, also in case of bankruptcy and restructuring proceedings under judicial oversight. The legal framework specified that to the amounts for […]

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  • Compliance letters issued by the Italian Tax Authority

    As happened last year, the Italian Tax Authority could notify to Italian taxpayers the “communication for the promotion of voluntary compliance”, better known as compliance letter, regarding financial assets and properties held abroad, for which the taxpayer did not comply with the requirements for fiscal monitoring and did not comply with the payment of property […]

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