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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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Law Decree n. 119 October 23rd 2018: facilitated tax arrears definition and tax simplification provisions
On October 23rd 2018 the Law Decree n. 119/2018 (Urgent provisions on fiscal and financial matters) was published in the Official Gazette – General Series n. 247, and it is in force since October 24th 2018. Among the main changes there are measures concerning: “fiscal pacification” (facilitated definition of tax audit reports; facilitated definition of […]
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Andersen Global Announces Expanded Presence in Saudi Arabia
Andersen Global furthers its expansion into the Middle East with news that the leading independent tax consulting firm in the Kingdom of Saudi Arabia (KSA) has become a collaborating firm of Andersen Global. Alrikaz Tax Consultants has signed a Collaboration Agreement with Andersen Global, expanding Andersen Global’s presence in the country with the largest economy […]
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Fixed-term employment contracts
Take effect the rules on fixed-term employment contracts. On November 1st, after a three months transitional period, all fixed-term employment contracts and all the fixed-term staff leasing, will follow the new rules laid down in the Decree n. 87/2018 converted in Act n. 96/2018. The new rules want to minimize the chances to hire employees […]
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The Anti-Tax Avoidance Directive and its implementation in Italy
The aim of this work is to provide an overview upon the implementation in the Italian Law System of the European Directive (2016/1164/EU), known as the Anti-Tax Avoidance Directive (from now on, “Directive”). The Directive provides a number of tools in order to fight the so-called “aggressive fiscal planning schemes” which can obtain advantages exploiting […]
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New projects for Elena Onlus Foundation
Elena Onlus Foundation organizes the show of illusion Come la Magia on 24th of November at Teatro Malibran, Venice. Marco Berry, Italian showman, illusionist and escapist, animates the evening with games of prestige. The Foundation – supported by Andersen in Italy – will donate the entire proceeds of the show to the creation of a […]
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Social responsibility and benefit corp at the event Le vie del capolavoro
Francesco Marconi, Chartered Accountant specialized in international tax law and managing partner at Andersen, will participate in the conference organized by the association Il Quinto Ampliamento titled Le vie del capolavoro. Il lavoro civile nel cambiamento: problemi, felicità, futuro, which will be held in Ivrea from 9th to 10th of November. During his speech, I fini Benefit: […]
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VAT regime of transfer pricing adjustments
By Letter Ruling n.60 of November 2nd 2018, the Italian Tax Authority has clarified that the contribution paid to a subsidiary as a year-end adjustment, in order to maintain its margins within the market range, is not relevant for VAT purposes. In the hypothesis analyzed, the interpellating company, part of a multinational group, operates as […]
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Andersen solution for e-invoicing
Andersen & Legal could manage the entire e-invoicing process: E-invoicing (xml), according to Agenzia delle Entrate (Italian Tax Authority) legislation E-signature of the document Telematic sending of the document through Sistema di Interscambio to Agenzia delle Entrate Accounting, digital storage ensuring integrity and authenticity *** The client could handle directly: Invoicing E-signature of the fiscal document Telematic sending of […]
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How benefit corps could improve a sustainable economy
Social innovation and sustainable business are the main topics of the congress Riflessioni sull’economia sostenibile: opportunità e criticità, where Paolo Trevisanato, Chartered Accountant and partner at Andersen, participates as speaker analyzing the so-called Società Benefit (benefit corps). The event – Verona, 5th of November – has been organized by the Commission of Corporate Law and […]
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