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Andersen Launches in Germany
Andersen Global announces the launch of the Andersen name in Germany with the addition of a new member firm, Andersen Rechtsanwaltsgesellschaft Steuerberatungsgesellschaft mbH, in Cologne, Germany. The team is led by Stefan Kraus and Hermann Knott and is the first to adopt the Andersen name in Germany but the third location in Germany. Alegis, led […]
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Postposed deadline for the electronic submission of Periodic Vat Settlements Communication
With the press release of May 29th, 2017, the Ministry of the Economy and Finance issued an official prorogation of the deadline to file the new fulfillment introduced by the Stability Law 2017, the Periodic Vat Settlements Communication, to the Tax Authority. Although no publication in the Official Journal occurred yet, the proposal is included […]
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Andersen participates in the BIE Expo
Andersen is helding specialized fiscal and legal seminars at BIE Brescia Industrial Exhibition 2017, focused on the precision mechanics sector (machines tools; automation and industrial robots; machine and equipment for forging, for casting and die casting, for treatments and finishes; materials; metrology; presses; auxiliary plants; CAD, CAM, CAE and PLM systems; treatments and finishes; molds […]
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Andersen Italia at First Japanese Law Workshop
Marco Giorgi, lawyer and Andersen partner, will be one of the speakers at the First Japanese Law Workshop. The conference entitled European views on Japanese Law, will take place on Thursday, May 18, 2017 at Kobe University Brussels European Centre (KUBEC) in Brussels. Marco Giorgi will discuss the topic Beyond the dichotomy of corporate governance […]
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Clarifications on reverse charge sanctions
For any further infomation please contact our Office.
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Simplified procedure in relation to pending tax litigations
Decree-Law 50/2017 has introduced into the Italian legal system a simplified procedure in relation to pending tax litigations, in which the Italian Revenue Agency acts as defendant. This procedure can be applied at all levels of appeal providing that taxpayer appeared before a judge within 31stDecember 2016. Taxpayer, that has applied to the simplified procedure […]
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No more automatic lifelong divorce payments
Italian high court ends automatic lifelong divorce payments in landmark ruling. Supreme Court judgment overturns 30 years of case law: from now on the benchmark for levels of maintenance will be based on an assessment of the independence or economic self-sufficiency of the former spouse requesting it. Divorcees who have independent means or are capable […]
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Scheme of arrangement: write-off VAT debt
Before the amendment, Article 182 ter of Bankruptcy Law provided for the possibility of extending or partially cutting back some tax debts. However, this rule excluded the VAT debt and withholding tax, for which it was possible to propose only an extension of the terms, excluding the possibility of writing-off the nominal value of the […]
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Lease and scheme of arrangement on a going concern basis
With a sentence dated April 5th, 2017 the Court of Appeal of Florence stated that the lease is incompatible with the scheme of arrangement made on a going concern basis. The sentence states that the entire discipline of the aforementioned scheme, ex art. 186bis of the Italian Bankruptcy Law, is based on the assumption that […]
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Changes in tax credit off-setting through F24 forms
Decree Law n. 50/2017 introduced important news about Credit Compensation related to F24 Tax models. For further details please see the circular below. Our Professionals are at your disposal for any further information.
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Italy implements transfer pricing and patent box regime
Italy enacted into law important changes to its transfer pricing and patent box regime. Law Decree n. 50/2017 replaces the concept of “normal value” with a transfer pricing method that is in line with the OECD arm’s length principle, adds corresponding adjustments to Italian tax law, and updates the list of intellectual property that can […]
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Innovative start up
Decree-Law 179/2012 has introduced into the Italian legal system a definition of a new innovative enterprise of high technological value, the (called) “innovative startup”. The policy for innovative startups became stronger in the last years by several subsequent legislative interventions. The Stability Law for 2017 has improved and broadened the range of benefits in favor […]
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Corrective budget adjustment 2017
The corrective fiscal package called “Urgent measures in financial matters, initiatives in favor of local authorities, further measures for areas affected by earthquakes and measures for the development”, was approved by the Cabinet in its meeting of April 11 2017, and amounted to more than 3,4 billion euros. The measure contains a series of measures […]
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Corrective action 2017 – VAT deduction
The new provision, by reformulating art. 17-ter of Presidential Decree No 633/72, reduces the right to deduct the tax on goods and services purchased or imported, by exercising it at the time when the VAT becomes due and, at the latest, with the declaration relating to the year in which the right to deduct has […]
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Voluntary Disclosure bis: our insights
The Government re-opens the terms of the so-called Voluntary Disclosure procedure. Taxpayers that have already taken advantage of the ‘first window’ will not have access to the procedure. To benefit from the Voluntary Disclosure-bis, the taxpayer must: submit an application to the Italian Revenue Agency correcting violations made up until 30 September 2016 (i.e. for […]
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Rent-to-buy: our insights
The “rent-to-buy” agreement, with the tight credit market and stricter down payment requirements, has emerged as a trend for people who otherwise would not be home buyers. Rent-to-buy is a particular kind of contract, introduced by D.L. 133/2014. It is a hybrid contract, halfway between sale and lease. The landlord delivered the property to the […]
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Corrective action 2017 – Off-setting and compliance
Decree 24 April 2017 n. 50 foresees the tightening of the restrictions on the use of tax credits off-setting, pursuant to art. 17 of Legislative Decree no. 241/97 (ie “horizontal compensation”), as well as modification of the ways in which the same compensation can be made by taxpayers. Under the first aspect, the threshold beyond […]
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Italian PIRs, saving plans
The Budget Act 2017 (Legge di Stabilità 2017) has introduced the possibility for asset managers to establish tax-exempt investment plans at no extra costs for individual retail investors (piani individuali di risparmio or PIR), the Italian equivalent of the French plans d’épargne and the UK individual saving plans. The objective is to channel family savings […]
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Corrective action 2017 – split payment
The split payment mechanism, governed by art. 17-ter of Presidential Decree n. 633/72 provides that VAT payable on supplies of goods or services provided by the supplier at the time of issue of the sales invoice, be paid to the treasury directly from the transferee of the operation. In essence, the purchaser “retains” the input […]
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Abrogation of voucher – instructions
With the approval of the ddl n. 2784 as conversion of the Decree Law 25/2017 the provisions concerning occasional work accessory (the voucher) introduced by Legislative Decree n. 81/2015 have been canceled. The provision, however, states that vouchers can be used until December 31, 2017 provided that they have been required within the date of […]
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