2021 BUDGET LAW – LAW NO. 178 OF 30 DECEMBER 2020
In brief Italian Law No. 178 of 30 December 2020 (2021 Budget Law) was published in Ordinary Supplement No. 46 to Italian Official Gazette No. 322 of 30 December 2020 and has been in force since 1 January 2021. ...
BREXIT – MAIN TAX CONSEQUENCES
In brief On December 31st, 2020, the transition period provided for in Part IV of the agreement for the withdrawal of the United Kingdom from the European Union is ended. As from January 1st, 2021, the United...
TRANSFER PRICING – NEW PROVISIONS ON DOCUMENTATION OBLIGATIONS
On 23 November 2020, the Director of the Italian Revenue Agency published Measure no. 360494 on transfer pricing. The above Measure of the Italian Agency implemented the provisions of art. 8 of Italian Ministeri...
POSTPONEMENT OF THE TERMS FOR PAYMENT OF THE SECOND INSTALMENT OF IRPEF, IRES, IRAP, SUBSTITUTE TAX, CAPITAL TAX AND SURCHARGES
In accordance with art. 98 of Italian Decree Law 104/2020 (the so-called “August Decree”) and art. 6 of Italian Decree Law 149/2020 (the so-called “Ristori-bis Decree”), the deadline for paying the seco...
THE “RISTORI” DECREE – ADDITIONAL URGENT MEASURES TO PROTECT HEALTH, SUPPORT WORKERS AND BUSINESSES, JUSTICE AND SECURITY, ASSOCIATED WITH THE COVID-19 EPIDEMIOLOGICAL CRISIS
In brief Italian Decree Law no. 137 of 28.10.2020 (the so-called “Ristori” Decree) was published in Italian Official Gazzette no. 269 of 28.10.2020 and came into force on 29.10.2020. It is due to be converte...
CONVERSION INTO LAW OF THE SO-CALLED AUGUST DECREE – OPTION TO SUSPEND THE DEPRECIATION/AMORTISATION PROCESS
In brief At the time of conversion of Italian Decree Law 104/2020, art. 60 was amended to give those who do not adopt international accounting standards the option not to apply annual depreciation and...
ELECTRONIC INVOICING – NEW TECHNICAL SPECIFICATIONS EFFECTIVE FROM JANUARY 1ST, 2021
In brief By way of Measure no. 99922 of 28.2.2020, subsequently updated by Measure no. 166579 of 20.4.2020, the Italian Revenue Agency has approved the new technical specifications for electronic invoicing. Adop...
THE “AUGUST” DECREE – URGENT MEASURES TO SUPPORT AND RELAUNCH THE ECONOMY
In brief Italian Decree Law no. 104 of 14.8.2020 (the so-called “August” Decree), containing urgent measures to support and relaunch the economy, was published in Ordinary Supplement no. 30 to Official Gazet...
CT&P BIG WEDNESDAY
On Wednesday July 22nd, CT&P Capone|Ticozzi|Partners team took a plunge into the Milan’s sea, at Wakeparadise, the largest waterpark in Italy. Team members took turns in trying to master the art of surfing in ...