Tax

Previous rules on tax residence of individuals Based on the previous reading of the law (art. 2 of the TUIR), an individual was considered to be tax resident in Italy if, alternatively; was enrolled in the Italian Register of the resident population (AIRE); had his/her domicile in Italy, being the … Read more

Legislative Decree no. 124 of October 26th, 2019 (Tax Decree), which accompanies the 2020 Budget Law, has been published in the Official Gazette and is already in force. Following the approval of the Council of Ministers on October 16th, 2019, a number of important changes have been introduced into the … Read more

Simplification of legislation, rationalisation of compliance and a more balanced relationship between tax authorities and taxpayers. The document containing the proposals for tax simplification drawn up by Confindustria and the National Council of Accountants and presented yesterday in Rome moves along these three lines. Fifty proposals covering five macro-areas: VAT … Read more

It should be remembered that for subjects who carry out economic activities for which the summary indices of fiscal reliability (ISA) have been approved and that declare revenues or fees of an amount not exceeding the established limit, the terms of the payments resulting from the tax returns, from those … Read more

Companies, self-employed persons and non-commercial entities, from 1 to 31 October 2019, may submit applications to book the advertising bonus for investments made or to be made in the year 2019. As from 2019, the tax credit is recognized in the single measure of 75% of the incremental value of … Read more

The Growth Decree (Legislative Decree no. 34/2019) provides for important measures to strengthen the tax regime introduced by Article 16 of Legislative Decree no. 147/2015, applicable to impatriate workers who transfer their residence to Italy from 1 January 2020. The percentage of exemption for the income produced in Italy is … Read more

The “Growth” decree (Legislative Decree no. 34 of April 30th, 2019, converted into law no. 58 of June 28th, 2019) provides that, as of January 1st, 2020, it will be possible to assign, in addition to the VAT credits resulting from the annual declaration, also the credits accrued on a … Read more

In the context of tax relief in the professional sports sector, the system of so-called “impatriate workers”, provided for by art. 16 of Legislative Decree 147/2015, is destined to take on particular importance. The extension of this concessionary regime to professional sportsmen and sportswomen results from the disappearance of the … Read more