Tax Alert
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09-12-2016
TAX ALERT 2016/05
- Regime available to individuals transferring their residence to Italy (after a 9 out of 10 period of residence abroad)
- Flat taxation of foreign-source income (€ 100,000)
- Possibility to extend the benefit to relatives
- Exemption from reporting obligations, inheritance / gift taxes and wealth taxes
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07-11-2016
TAX ALERT 2016/04
VOLUNTARY DISCLOSURE 2.0: NEW EDITION-
Deadline for access to the voluntary disclosure programme extended to 31 July 2017
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Beneficial impact on penalties and years covered from the stipulation by Italy of a wider network of exchange of information
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Possibility to choose between self-calculation and preliminary review by tax authorities
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04-07-2016
TAX ALERT 2016/03
Brexit: potential consequences on the tax relations between the UK and Italy -
07-04-2016
TAX ALERT 2016/02
- Increased certainty on interest deductibility in LBO transactions
- Tax authorities’ attention on fees charged by private equity funds to portfolio companies
- Clarifications on interest withholding taxes in cases of indirect lending
- Increased attention on use of foreign vehicles reduction of corporate income tax rate
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01-02-2016
TAX ALERT 2016/01
- Reduction of corporate income tax rate
- Review of statute of limitation rules
- Abolition of “black list cost” rules
- Country-by-Country Reporting rules
- New incentives introduced
- New penalty system entering into force as from 2016
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27-10-2015
TAX ALERT 2015/05
Last set of decrees implementing the 2014 Italian Tax Reform
- Reform of tax ruling procedures
- Review of tax litigation
- Review of the administrative penalty system
- Review of the criminal penalty system
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23-04-2015
TAX ALERT 2015/04
- Changes to rules on taxation of crossborder relationships
- New definition of “abuse of law”
- Review of statute of limitations
- Cooperative compliance program
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07-04-2015
TAX ALERT 2015/03
- Review of the black lists announced
- Amendments to the recently introduced Patent Box regime
- Extension of the interest withholding tax exemption for qualifying foreign lenders
- Supreme Court judgments on the application of gift tax to trusts
- Foreign tax credit: clarifications provided by the Italian tax authorities
- Extension of reverse brain drain incentive
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06-03-2015
TAX ALERT 2015/02
- Amending Protocol to Italy and Switzerland on exchange of information
- Exchange of Information Agreements also with Liechtenstein, Monaco, Guernsey and Isle of Man
- Constitutional Court declares Robin Hood Tax illegitimate
- Business Restructurings qualified by the Supreme Court as transfers of going concern
- Supreme Court case law on substitute tax for refinancing transactions
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30-01-2015
TAX ALERT 2015/01
Highlights
- Increase of taxation for Italian pension funds
- Tax step-up election for shares held by individuals
- Redesign of the "blacklists"
- San Marino now white-listed
- New rules applicable to liquidated companies
- Broadening of possibilities to cure past violations