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New rules on Swiss VAT for foreign companies operating in Switzerland
A partial amendment of Swiss VAT law entered into force on January 1, 2018, and has an impact on businesses not established in Switzerland. As of January 1, 2018, foreign businesses pay Swiss VAT on their turnover generated in Switzerland if it generates at least CHF 100,000 worldwide. Moreover, mail-order companies with a place of […]
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DAT: the innovation introduced by Law No. 219/2017 on the living will
The new law on the living will came into force on 31 January 2018 and establishes the principle whereby no medical treatment may be initiated or continued without the free and informed consent of the person concerned, except for cases expressly provided for in the law. One of the most important aspect of this law […]
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New rules on taxation of dividends arising from a tax haven
The Budget Law 2018 provides that dividends paid, directly or indirectly, by companies located in a tax haven will be 50 percent excluded from the taxable income of the resident shareholder. This happens if it can prove (also through the tax ruling) that the foreign company carries out a commercial activity and pass the so […]
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Hotels bonus 2017
The 2018 financial measures have provided the postponement of the tax credit for the companies operating in the touristic industry. The latter was firstly introduced by the D.L. 83/2014 and it was provided only for hotels and then also for holiday farms. The new Law postpones the tax credit for fiscal years 2017 and 2018 […]
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Recent changes regarding purchases of fuel and 1-2 euro cents coins
Two innovations have been recently introduced in Italian law system: -The obligation to use specific means of payment (debit, credit or prepaid cards) for the deductibility of costs and VAT related to purchases of fuel; -The elimination of 1 and 2 euro cents coins and the consequent obligation to round off the amounts of cash […]
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The communication of data invoices becomes light
According to the taxpayers’ statute, which provides at least 60 days between the new provision and the entry into force of the same, to taking into account of the new rules, the deadline for the communication of the invoices’ data for the second half of 2017 has been further extended from Feb. 28th to Apr. […]
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The notice in paper form of administrative decisions with digital signature is defective
The Provincial Tax Court of Treviso with decision no. 55/01/2018 stated that the tax assessment processed by the tax office in paper format cannot have digital signature. Only the digital document notified by certified mail could be digitally signed. According to the judges, in this way the taxpayer would be prevented from any control over […]
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Validity of the framework investment agreement signed only by the client
As stated in the regulation of banking and financial contracts, provided for in Article 117 TUB and Article 23 TUIF, the framework investment agreement shall be drawn up in writing under penality of nullity. The legislation states a “nullity of protection”, that could be invoked only by the client, if considered convenient for himself. Otherwise, […]
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Invoices for not existing operations, The Supreme Court approve the Active Review
The Supreme Court with decision n. 5448 on 6th February 2018 stated that the active repentance allows to settle the violations committed using invoices for not existing operations, contrary to what is claimed by the tax Authority also in Telefisco 2018. The above mentioned decision admitted the Active Review to heal fraudulent tax return as […]
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Marco Giorgi, partner in Rome, lecturer on capital segregation
Friday, February 2, 2018, the lawyer Marco Giorgi, partner Andersen, based in Rome, will be a speaker at the conference organized by the Rome Bar Association entitled The instruments of capital segregation in Italian and international experience. The speech of the lawyer, an expert in comparative private law, will be GRATS and other particular forms […]
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Article 34 Bankruptcy law – The amendments made by Budget Law 2018
The Budget Law 2018 amended the article 34 of Bankruptcy Law regarding the bailment on compulsory liquidation’s bank accounts, enforceable’s bank accounts and bank accounts of seizure procedure. The legislative action provides that all ammounts on those checking accounts have to merge into the “Fondo Unico di Giustizia” or “FUG”, managed by Equitalia Giustizia SpA. […]
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Clarifications on booking terms to deduct input VAT on purchases
The Italian Government issued a new Law last april which changed the booking terms in order to deduct input VAT on purchases. Changes entered into force on January, 1st 2017. As there have been a lot of confusion on the application of said Law, the Italian Tax Authority issued important clarifications which have been reported […]
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Simplification on Intra EU communications effective from 01.01.2018
Since January 1, 2018, some important simplifications regarding Intra-EU communications have been introduced. Andersen & Legal Professionals are at your disposal to provide any further clarification that may be need.
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Successful first EU Board meeting 2018 by Andersen Global
The first EU Board Meeting 2018 hosted by the two co-Managing Partners for the European Region, Paolo Mondia and Andrea De Vecchi, took place last Monday the 15th and Tuesday the 16th of January in our brand new Andersen & Legal office at the heart of Milan, at Corso Magenta 82. The EU Board representatives […]
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Andersen Global Continues Expansion in Dubai with GN Global Consulting
Andersen Global is pleased to announce an added presence in Dubai via a Collaboration Agreement with GN Global Consulting, a tax firm led by Partner Abdul Wahid Nagda. GN Global Consulting is an affiliate of Griffin Nagda, one of the oldest independent accounting firms in Dubai. The collaboration with GN Global Consulting demonstrates Andersen’s larger […]
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The 2018 of Andersen opens up in the name of growth
Andersen strengthens the Italian legal team with the entry in late 2017 of Professor Valentina Piccinini with the status of Partner. Piccinini, Associate Professor of Civil Law at the Department of Law of the University of Milan Bicocca and since 2007 owner of various courses in the Master Degree Program of Law at the Department […]
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Budget Law 2018: fiscal highlights
The Budget Law 2018 was published in Official Gazette no. 302 of 29 December 2017 and has been in force since 1 January 2018. Andersen & Legal is at your disposal for any additional clarification and explanation.
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Law Decree connected to Budget Law 2018: fiscal highlights
The Law Decree connected to Budget Law 2018 was published in Official Gazette no. 172 of december 4th, 2017 and is in force since January 1st, 2018. Andersen & Legal is at your disposal for any additional clarification and explanation.
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Update on regulation of Split Payment
Revenue Agency provided clarifications regarding the “Split Payment”, applicable from 1st July 2017. To correctly identify the recipients of the new discipline, specific lists had been drawn up and pubblished for the year 2018. New methods of VAT payments had also been set. Andersen & Legal is at your disposal for any additional clarification and […]
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New deadlines for VAT deduction
The 2017 corrective measure (D.L. 24 April 2017 50, converted with amendments into L. 21 June 2017 n. 96) introduced some significant changes with regard to the deadlines within which taxpayers are required to exercise the right to deduct VAT relating to the purchase of goods and services and registering purchase invoices and customs bills […]
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