From Accountants and Confindustria 50 proposals for tax simplification

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

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Taxes: balance and advance payment to be paid by 30 September 2019

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

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Advertising bonus, applications by 31 October

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

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New tax regime for impatriate workers

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

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From 2020 it is possible to sell the quarterly VAT credit

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

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The ‘impatriate workers’ regime and its application in football

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

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Super-depreciation reintroduced for 2019

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

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New Italy-China agreement against double taxation signed

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

Categories Tax