Tax

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

The so-called Growth Decree reintroduces, from April 1, 2019 until December 31, 2019, the benefit of super-depreciation, i.e. the possibility of increasing by 30% the fiscally recognized cost of assets, for the purpose of calculating the related depreciation. These are investments in tangible, capital and new goods, excluding vehicles and … Read more

The deadline for submitting applications for reimbursement or compensation of VAT credits for the first quarter of 2019 expires on 30 April. The application must be submitted electronically and the use of the credit for amounts exceeding 5,000 euros must be made, unless a conformity visa is affixed, from the … Read more

In the reserved area “Fatture e Corrispettivi” of the website of the Revenue Agency are available statements – with the relevant form F24 or the possibility to request the debit on account – for the purposes of stamp duty due on electronic invoices.

On 23 March 2019 a new Italy-China agreement to eliminate double taxation was signed in Rome, updating the agreement in force since 1990. In summary, the agreement provides for – for dividends, a reduction in the conventional withholding tax rate from 10% to 5%, in the case of direct holdings … Read more

Disposals made exclusively for the purpose of corporate reorganization are not subject to the tax on financial transactions (the so-called Tobin Tax): this was specified by the Revenue Agency in Resolution no. 38/E of 29 March 2019. In this context, it is considered that the reorganization operations, while tolerating a … Read more

Taxpayers who have submitted their 2019 VAT return, or who will submit it by the deadline set for 30 April 2019, have the option of horizontally offsetting VAT credits in excess of €5,000 accrued during the 2018 tax period, starting from the tenth day following the day on which the … Read more