Edited by Francesca Tironi, Marzio Scaglioni, Leila Rguibi, Marco Bove and Lorenzo Vassalli On July 3rd, 2023, Law No. 85/2023 converting, with amendments, Law Decree No. 48 of May 4th, 2023, the so-called “Employment Decree”, was published in the Italian…
Author: PwC TLS
The annual obligation to archive accounting books has been abolished
Prepared by Andrea Werner Beilin and Erika Luvarà Law Decree no. 73/2022 converted into Law no. 122/2022, introduced important news in relation to the archiving of the accounting books.In particular, the obligation to electronically archive, within three months following the…
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New rules on parental leave and minimum requirements relating to working conditions have come into force on August 13, 2022.
Edited by Payroll and Employment Team On 29 July 2022 the Legislative Decree no. 105 of 30 June 2022 was published on the Official Gazette no. 176. The Decree implements the European Directive no. 2019/1158 which aims to improve the…
Place of supply for VAT purposes of training courses held in virtual mode
Prepared by Davide Accorsi e Giacomo Merenda With ruling reply 409/2022, published on 4 August, the Italian Revenue Agency clarified that the provision of training courses in “online” mode are VAT-relevant where the customer is established or resident, regardless of…
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Order no. 14908/2022 of the Italian Supreme Court: customs penalties and proportionality principle
With the Order no. 14908 dated April 13, 2022, filed on May 11, 2022, the Italian Supreme Court ruled that customs penalties, imposed by the Customs Authorities, must be proportionate, in other words commensurate with the gravity of the infringement committed by the taxpayer and not exceeding the limits of what is strictly functional to pursue the legislative intent.
A further case of deduction of VAT on importations of goods not owned by the importer
Allowed the deduction of VAT paid on the importation of “modified genes” not owned by the importer and destined to clinical trials conducted by third parties which, if successfully concluded, will allow the importer to market the relevant drugs obtained
Conversion into law of the “Semplificazioni” Law Decree: INTRASTAT communications back to their original dead
With the approval of the conversion law no. 122 dated August 4th, 2022 (published on the Official Gazette dated August 19th, 2022, no. 193) of the Decree, this shift was amended and the original deadline of the 25th of the following month was restored.
A new tax credit for the promotion of managerial skills
Prepared by Vitalba Passarelli, Giovanni Marra and Concetta Trombetta In order to support investments in human capital in strategic sectors for the economic and social development of the country and in order to promote the inclusion of young graduates in…
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Relevance for VAT purposes of price adjustments – Ruling no. 529/2021
prepared by Andrea Werner Beilin and Arcangelo Vitelli With the Reply to the Ruling no. 529, dated 06 August 2021, the Italian tax authorities provided clarifications on the VAT treatment applicable to the price adjustments of goods determined on the…
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The transfer of trademarks registered in Italy as part of a transfer of going concern carried out abroad is an autonomous supply of services for VAT purposes
Prepared by Davide Accorsi and Stefano Luigi Airaghi With the reply to ruling no. 536, dated 06 August 2021, the Italian tax authorities provided clarifications on the correct treatment applicable for VAT and registration tax purposes to the transfer of…