{"id":19367,"date":"2022-09-19T11:18:42","date_gmt":"2022-09-19T09:18:42","guid":{"rendered":"https:\/\/it.andersen.com\/?p=19367"},"modified":"2022-09-19T11:25:11","modified_gmt":"2022-09-19T09:25:11","slug":"decree-73-third-sector","status":"publish","type":"post","link":"https:\/\/it.andersen.com\/en\/decree-73-third-sector\/","title":{"rendered":"The changes introduced by Decree no. 73\/2022 in the so called \u201cthird sector\u201d"},"content":{"rendered":"<p>With the so called \u201cSimplifications\u201d Decree no. 73\/2022 the taxation system for \u201cthird sector\u201d entities changed.<\/p>\n<p><strong>The new taxation system<\/strong><\/p>\n<p>The main changes introduced by the Simplifications Decree concern the taxation rules contained in Title X of the third sector code.<\/p>\n<p>More precisely, a definition of \u201cactual costs\u201d has been included under Article 79, paragraph 2, and at paragraph 2 bis the prerequisites that allow the entity to maintain the nature of non-commercial entity have been specified.<\/p>\n<p>Paragraph 4, then, provides for the loss of the tax benefits in relation to direct tax for \u201cthird sector\u201d entities when they become commercial entities.<\/p>\n<p>Also, paragraph 6 has undergone some changes, of which the main one is that activities directed exclusively for the benefit of members and their family are considered non-commercial.<\/p>\n<p><strong>Amendments with regard to direct taxes<\/strong><\/p>\n<p>Article 82 paragraph 3 provides for a fixed registration tax for \u201cthird sector\u201d entities.<\/p>\n<p>It has been introduced a paragraph 5 bis according to which financial products and current accounts held abroad by \u201cthird sector\u201d entities are exempt from the tax on the value of foreign financial assets.<\/p>\n<p><strong>Deductions for direct donations<\/strong><\/p>\n<p>Article 83 of the \u201cthird sector\u201d code introduces specific deductions in favor of natural or legal persons who intend to make donations in cash or in kind to \u201cthird sector\u201d entities.<\/p>\n<p><strong>Tax regime for voluntary organizations and philanthropic entities <\/strong><\/p>\n<p>The amendments grant philanthropic entities exemption from IRES on property income (Art. 84)<\/p>\n<p><strong>Tax regime for association of social promotions<\/strong><\/p>\n<p>The Simplifications Decree amended Article 85 of the \u201cthird sector\u201d code, specifically:<\/p>\n<ul>\n<li>it extends to mutual aid organizations the benefits provided for association of social promotion<\/li>\n<li>it increases the categories of subjects in favor of which non-profit organizations can carry out activities benefiting from tax benefits<\/li>\n<\/ul>\n<p><strong>Companies record books <\/strong><\/p>\n<p>The amendments to Article 87(1)(b) extend the obligation to keep accounting records to fundraising organizations.<\/p>\n<p><strong>The de minimis <\/strong><\/p>\n<p>Certain tax benefits are defined as state aid and are available within the limits set for businesses providing services of general economic interest.<\/p>\n<p><strong>Postponement of the deadline to align the articles of association of voluntary organizations and association of social promotion associations<\/strong><\/p>\n<p>The deadline to align the articles of associations of voluntary organizations and associations of social promotion to the new \u201cthird sector\u201d regulations has been extended to 31.12.2022<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the so called \u201cSimplifications\u201d Decree no. 73\/2022 the taxation system for \u201cthird sector\u201d entities changed. The new taxation system The main changes introduced by the Simplifications Decree concern the taxation rules contained in Title X of the third sector code. More precisely, a definition of \u201cactual costs\u201d has been included under Article 79, paragraph [&hellip;]<\/p>\n","protected":false},"author":125,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[50],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/posts\/19367"}],"collection":[{"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/users\/125"}],"replies":[{"embeddable":true,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/comments?post=19367"}],"version-history":[{"count":2,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/posts\/19367\/revisions"}],"predecessor-version":[{"id":19369,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/posts\/19367\/revisions\/19369"}],"wp:attachment":[{"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/media?parent=19367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/categories?post=19367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/tags?post=19367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}