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Notarized power of attorney abroad: when can it be considered valid?
The power of attorney to sell issued abroad is valid in Italy if it meets the authentication requirements required by national law: therefore, the foreign notary, in accordance with the provisions of art. 2703 c.c., must certify with certainty the identity of the subscriber and also that the signature of the latter is affixed in […]
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Marco Giorgi comments the technologic impac on the new professions
Marco Giorgi, lawyer and office managing partner of Andersen Italy Rome office, highlights risks and benefits of using artificial intelligence to support consultancy activities carried out by professionals during an interview by Corriere della Sera. The newspaper examined the topics discussed during the conference L’evoluzione delle professioni e l’impatto sul welfare organized by the Valore, company specialized in advisory […]
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Macoglass: the Italian entrepreneurial jewel sold to Belgian giant Sibelco
L’Eco di Bergamo newspaper wrote an article on the sale of Macoglass to Sibelco Italia. The operation, supported by Andrea Ferrandi and Francesco Inturri, Andersen in Italy partner and lawyers, provides for the sale of the entire share capital of Macoglass Srl – a leading glass recycling company in Antegnate, province of Bergamo – by Coti Zelati […]
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Exiting perpetual LLC
With regard to the withdrawal of a shareholder from a LLC, the Italian Civil Code does not identify the moment of effectiveness of the exit and its consequent effects, without prejudice to the problem of the status socii following the declaration of withdrawal and the rights of exiting shareholder before the reimbursement of its quota. […]
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Andersen Global Expands into Ghana
Ghana law firm, Sam Okudzeto & Associates, signed a collaboration agreement with Andersen Global, marking Andersen Global’s presence in 13 African countries and over 51 countries worldwide. Located in the capital of Accra, Sam Okudzeto & Associates is one of the largest law firms in Ghana. For the past 48 years, the firm has provided […]
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Sending commercial communications to fidelity card holders
The Guarantor for the protection of personal data, with the newsletter no. 456 of 22 July 2019, stresses the illegality of sending commercial communications (so-called spam) addressed to holders of fidelity cards that have not expressed a specific and free consent to the use of their data for marketing purposes. The provision of the Guarantor […]
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CONSOB launches a public consultation on its hypotheses of exemption from the declaration of intent
Article 120, paragraph 4-bis of the Consolidated Law on Finance (TUF) provides that anyone who purchases a stake in quoted issuers equal or above the thresholds of 10%, 20% and 25% of the relevant share capital in listed companies shall state the objectives she intends to pursue in the following six months. The purpose of […]
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Income tax payment – deadline postponed to September 30th
The D.L. 34/2010 has ruled the postponement the deadlines for the payment of direct taxes and VAT – previously scheduled for July 1st – on September 30th. The following taxpayers will benefit from the postponement: companies, sole entrepreneurs and professionals subjected to the I.S.A. (i.e. tax reliability indexes); taxpayers that have reported income of less […]
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The third “tax collection settlement procedure”: the new deadline to 31st July
The D.L. n. 34/2019 (so-called “decreto Crescita”) fixed the new deadline to 31st July to submit the declaration for access to the “third tax collection settlement procedure”. 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 […]
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Andersen Global Enters Senegal, Expands Presence in Africa
Andersen Global is proud to announce a collaboration agreement with Cabex, one of the oldest legal and tax consulting firms in Senegal. Senegal thus becomes the thirteenth African country where Andersen Global has a member or collaborating firm offering legal services. Located in Dakar, Cabex has been offering services to local and foreign clients from […]
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Nonprofit companies and insolvency proceedings
Nonprofit entities may carry out economic activities in order to achieve their institutional purpose, in accordance with the law and their articles of association. Consequently, if the activity in question fulfills the requirements established by paragraph 2082 of the Italian Civil Code and it is one of the activities listed in the following paragraph 2195, […]
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Third sector: statutory adjustments for ONLUS, ODV and APS
Article 101, paragraph 2, of the Third Sector Code referred to Legislative Decree no. 117 of 2017, provides that entities registered in the ONLUS Registers, Voluntary Organizations and Social Promotion Associations “shall comply with the mandatory provisions (of the Code) within twenty-four months from the date of its entry into force”, being able “within the […]
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VAT Group: the Italian Tax Authority clarifies the application of Italian VAT Grouping rules with ruling n. 222/2019
VAT Group: the Italian Tax Authority clarifies the application of Italian VAT Grouping rules with ruling n. 222/2019 On July 1st, 2019 the Italian Tax Authority issued clarification in the ruling n. 222/2019 concerning the application of VAT Grouping legislation as per Presidential Decree no. 633/1972, DM 6 April 2019 and Circular letter no. 19/E/2018. […]
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More opportunities from the New Code of economic crisis and insolvency
Andersen in Italy organizes the workshop titled Novità e opportunità nella prevenzione e gestione della crisi di impresa focused on how the Company Crisis Code (C.C.I.) affected the current bankruptcy law and some norms of the civil code. The event held by Valentina Piccinini, Natascia Alesiani, Stefano Uglietti and Andrea di Castri, Partners of Andersen in […]
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Andersen Debuts in United Kingdom
Andersen Global is proud to announce the debut of the Andersen name in United Kingdom with the establishment of Andersen LLP. Andersen LLP in the UK joins the global organization as the first member firm in the UK and is led by Partners George McCracken, Julian Nelberg, and Paul Lloyds. The team specializes in inbound […]
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Growth Decree: VAT trimestral credits’ credibility
Article 12-sexies of DL 30/04/2019 n. 34, modified article 5, subparagraph 4-ter of the DL 70/88, introducing the possibility for taxable persons to transfer/sell their VAT credits accrued in a single quarter. The previous version of the VAT law allowed exclusively transferability to VAT credit accrued at the end of a calendar year. The discrimination […]
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Electronic invoice and receipts: new rules starting july 1st, 2019
Electronic Invoices With effect from July 1, 2019, all immediate invoices must be issued (therefore sent to the SDI) within 12 days of the transaction. Is utterly important, the indication of the date of execution of the transaction on the invoice (if different from the issuing of the document) or as specified by the Tax […]
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Invalidity of the tax assessment received by registered mail
With decision no. 757/2019, the Piemonte’s Regional Tax Court stated that the tax assessment served by registered mail, and not by the judicial officers, is legally non-existent. According to the judges of Torino, the importance and the function of the act, not only lets the recipient know about the tax demand, but it also legitimizes […]
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Digitization as a tool for developing new professionals
Marco Giorgi takes part in the conference L’evoluzione delle professioni e l’impatto sul welfare (The evolution of professions and the impact on welfare) (28 – 30 June, Chia Laguna – Sardinia). The fourth industrial revolution generated an evolution not only in terms of production models by companies but also and above all in the definition […]
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Fiscal residence and DTAs
The private letter ruling n. 203, published on June 25th, 2019, provided important explanations regarding the assessment of the fiscal residence in Italy of an individual, as well as regarding the relationship between the domestic regulation and the Double Taxation Agreements. In fact, the Italian Revenue Agency disclosed its interpretation, highlighting that when at the […]
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