Tax Alert

• 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
  Continue reading »
  • 
  • 
  • 
• 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
  • Beneficial impact on penalties and years covered from the stipulation by Italy of a wider network of exchange of information
  • Possibility to choose between self-calculation and preliminary review by tax authorities
  Continue reading »
  • 
  • 
  • 
• 04-07-2016 TAX ALERT 2016/03
  
  Brexit: potential consequences on the tax relations between the UK and Italy
  Continue reading »
  • 
  • 
  • 
• 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
  Continue reading »
  • 
  • 
  • 
• 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
  Continue reading »
  • 
  • 
  • 
• 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
  Continue reading »
  • 
  • 
  • 
• 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
  Continue reading »
  • 
  • 
  • 
• 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
  Continue reading »
  • 
  • 
  • 
• 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
  Continue reading »
  • 
  • 
  • 
• 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
  Continue reading »
  • 
  • 
  •