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Andersen Global Premieres in North Macedonia
Andersen Global signed a Collaboration Agreement with legal firm, Law Office Pepeljugoski, marking the debut of Andersen Global in North Macedonia as the organization continues to strengthen its growing presence in the region. Owner and Managing Partner Valentin Pepeljugoski founded the firm in 1999 and expanded it to include Partner Aleksandar Trajkovski and more than […]
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Inheritance of the lease, from the lessor who was the owner of a usufruct (life estate)
Recently, the Italian Supreme Court analysed the case where the absolute proprietor “A” of a real estate (according to the Italian Civil Code) grants a special kind of life tenancy right (usufruct) to a grantee “B” who consequently becomes owner of the real estate. After that, B enters into a lease agreement with a lessee […]
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Pennesi and Gallucci on the web tax on the newspaper Il Sole 24 Ore
On Il Sole 24 Ore Andersen professionals explain and analyze the regulation that aims to regulate the taxation of digital services. After a long period of controversy and uncertainties, the Organization for Economic Cooperation and Development (OECD), stimulated by the initiative of some European countries, has also committed itself to the shared review of international […]
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The presumption of profits allocation to shareholders in limited liability company
The Supreme Tax Court with the decision n. 27049/2019 ruled that the presumption of the pro quota assignment to shareholders of the extra-accounting profits of LTD company that are verified in tax audit, can be applied even if the same shareholders are set up in the form of a company. The Supreme Tax Court ruled […]
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Do BoD members have the right to claim remuneration even in the absence of a shareholder resolution or a by-laws provision?
The main principle of the above mentioned issue lies in art. 2389 of the Italian Civil Code, from which could be deducted that the activities carried out by the directors are not free of charge. The above mentioned rule was recently confirmed by the Supreme Court (no. 24139/2018) which stated: “with the acceptance of the […]
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Andersen Global Announces First Collaboration in Croatia
Andersen Global announced that it signed a Collaboration Agreement with one of Croatia’s largest law firms, KALLAY & PARTNERS Ltd. The addition of the Zagreb-based firm establishes Andersen Global’s presence in the country and continues the expansion of the organization in the region. Founded in 2006, KALLAY & PARTNERS Ltd. is led by Founder and […]
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New limits on tax compensations
At the Article 3 paragraph 1 law Decree number 124/2019 -tax Decree linked Budget law 2020- Government announced new limits to compensation of credits. News will be applied to credits already realized for fiscal year 2019, that is income declaration 2020 and irap declaration 2020. VAT legislation on compensation of credits will be extended to […]
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2020 Tax Decree: Reduction of down payments for 2019
From 2019 or, from the date of entry into force of the Tax Decree, for entities engaged in economic activities for which ISA have been approved and if they declare revenue/compensation not exceeding the limit set by each index and, for persons participating in companies, associations and undertakings with a tax transparency, has been provided […]
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Assets and liabilities value in case of tranferring the fiscal residence in Italy
With the resolution no. 92 / E of 5 November 2019, the Internal Revenue Service (IRS) gave some clarifications regarding the value that assets and liabilities must assume when a company moves its fiscal residence within the Italian territory. The case examined by the IRS concerns a hypothesis of merger by incorporation, which occurred during […]
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Bloomberg Tax International interviews Francesco Marconi
Francesco Marconi quoted by Janna Brancolini in her article on Bloomberg Tax International on Italian Tax Measures adopted to close a €110 billion tax gap, increasing electronic payments.
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San Marino launches its Blockchain Register
Starting from 21st October Sanmarinese and non-Sanmarinese economic operators can submit the application to be recognised as Blockchain Entities and be registered in the relative register (see Regulation 004/2019 issued by the Institute for Innovation of San Marino, hereinafter “the Institute”). The registration as Blockchain Entities is subject to positive due diligence carried out by […]
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Recent amendments about continuous collaborations
On November 2nd, 2019, has been published the Act n. 128/2019, which converted, with amendments, the Law Decree n. 101/2019, laying down urgent provisions for the protection of work and for the resolution of company crises. As for the coordinated and continuous collaborations organized by the client (a kind of self -employment contract), the law […]
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Andersen Global Debuts in Serbia
Andersen Global now has a presence in Serbia through a Collaboration Agreement with Belgrade-based Joksović, Stojanović & Partners (JSP). The team of 12 partners provides legal guidance to public entities and a large number of international corporate clients. Its practice areas include corporate and commercial law, tax, aviation, capital markets, competition, dispute resolution, employment, energy, […]
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Inhibition to the offset of tax receivables in case of VAT number closing or VIES exclusion
Article 2 of Legislative Decree 124/2019, in force since October 27th, 2019, modified the previously applicable regulation of the so-called “horizontal offset”, by introducing three new paragraphs to art. 17 of Legislative Decree 241/1997 (more precisely paragraphs 2 quater, 2 quinquies and 2 sexies). The new law establishes the impossibility of offsetting tax receivables by […]
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Control Activities on electronic invoices: more data available for the Italian Revenue Agency and Financial Police
According to art.14 of the Fiscal Decree n. 124/2019 the control activities on the XML files sent to the SDI will be intensified both in relation to the number of years (eight), for which the data will be stored, and also for the greater amount of information that the Italian Revenue Agency and Financial Police […]
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The SI and SK section of the 770/2019
The SK section of the 770/2019 Form must be filled out by: IRES Individuals that during 2018 have had profit Individuals that during 2018 have had income that can be qualified as profit, deriving from association contracts in shareholdings, from financial instruments assimilated to shares, from interest reclassified as dividends according to the Thin Capitalization […]
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Investment Funds do not have Legal Personality
«Investment Funds (particularly close-ended funds that invest in real estate), under the Italian Financial Instruments Act (also known as T.U.F. or Legislative Decree n. 58/1998, in its consolidated version), are not juridical subjects, as they [merely] represent assets separated from the managing company. This Court has already stated such principle, considering that in the case […]
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Andersen Global Announces Agreement in Slovenia
Andersen Global is proud to announce its expansion into Slovenia in Central Europe via a collaboration agreement with Miro Senica and Attorneys, one of the oldest, largest and most respected law firms in Slovenia. Miro Senica and Attorneys was founded in 1986 by Miro Senica, and the full-service firm now has six partners and more […]
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Andersen Global at 74th Annual Tax Executives Institute Conference
Maricla Pennesi, a Partner from Andersen in Italy, and Dennis Minich, a Partner in the Andersen Chicago office, will be speakers at the TEI 74th Annual Conference on October 28-30, 2019 in New Orleans. Andersen will be one of the platinum sponsors participating at the event. TEI represents the in-house tax professional community with 7,000 individual […]
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INCOTERMS 2020
“The common language in international sales transactions”: this is how Incoterms have been defined on several occasions. Incoterms are the set of rules developed by the International Chamber of Commerce with the aim of facilitating international trade in goods since they define unambiguously and without the possibility of error all the competent rights and duties […]
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