VAT E-COMMERCE PACKAGE – NEW RULES ON VAT IN E- COMMERCE FROM 1 JULY 2021
In brief As from 1 July 2021 the new provisions of the “VAT e-commerce package” enter into force. The new rules were mainly introduced by Articles 2 and 3 of Directive 2017/2455/EU and by Directive 2019/1995...
ITALIAN DECREE LAW NO. 73 OF 25.5.2021 (SO-CALLED “SOSTEGNI-BIS” DECREE) – MAIN NEW TAX MEASURES
In brief By way of Italian Decree Law no. 73 of 25.5.2021 (so-called “Sostegni-bis” decree), published in O.J. no. 73 of 25.5.2021 and that entered into force on 26.5.2021, additional measures were introduce...
ITALIAN DECREE LAW NO. 41 OF 22.3.2021 (SO-CALLED “SOSTEGNI” DECREE) – MAIN TAX MEASURES
In brief By way of Italian Decree Law no. 41 of 22.3.2021 (the so-called “Sostegni” Decree), published in O.J. no. 70 on 22.3.2021 and that entered into force on 23.3.2021, additional urgent measures were introd...
SPECIAL EDITION: 2020 FINANCIAL STATEMENTS
In brief This note provides an analysis of the main provisions of various pieces of legislation passed to support businesses during the COVID-19 emergency, with specific regard to the preparation and approval of...
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...