German withholding tax arising from Intellectual Properties transactions – New German guidance on “IP Nexus

According to German Tax Authorities, the (i) mere registration of IPs (such as patents and trademarks) in the German IP registers which has led to royalties payments between non German resident  companies and which are connected to sales in Germany by the non resident licensor or (ii) the economic exploitation of the IP within a German Permanent Establishment, regardless it’s registration in the German IP register, would trigger potentially German WHT items related to the non-German royalties payment flow.

Circular letter 9/E of the Revenue Agency: first clarifications about the tax credit for investments in new capital assets

With Circular letter 9/E, published on 23 July 2021, the Revenue Agency provided the first important clarifications on various questions arising from Article 1, paragraphs 1051 to 1063, of Law 178 of 30 December 2020 (so-called Budget Law 2021), which reformulated the tax credit discipline for investments in new tangible and intangible capital assets, both "ordinary" and "4.0", intended for production facilities located in the territory of the State.

Fund to support large companies in financial difficulties

On September 3, 2021, the General Director for Business Incentives before the Ministry of Economic Development ("MED") published the decree (the "Decree") setting out terms and conditions for submitting applications for access to the fund to support large companies in temporary financial difficulties.

LIFE Programme for the Environment and the Climate Action: the new tenders for the 2021-2027 period

LIFE Program 2021-2027 purposes is to contribute to the transition to a sustainable, circular, energy-efficient, renewable energy-based, climate-neutral, and climate-resilient economy to protect, restore, and enhance the quality of the environment, to halt and reverse the loss of biodiversity, and to reverse the degradation of ecosystems.

Urgent measures regarding corporate crisis – Law Decree no. 118/2021

Prepared by Cristian Sgaramella, Michele Giuliani and Emilia Messina Law Decree No. 118 containing “urgent measures regarding corporate crisis and restructuring, and other urgent measures about justice” was published in the Official Journal on August 24, 2021 (the “Decree”). With…

Clarifications of the Italian Tax Authorities with reference to the penalty system in case of VAT wrongly charged – Guidance no. 51/2021

Prepared by Alessia Zanatto and Stefania Lolli Last August 3, 2021, the Italian Tax Authorities with the publication of the guidelines no. 51, provided clarifications with reference to the application of the article 6, paragraph 6, of the Legislative Decree…

The amendments introduced by Conversion Law no. 108 dated 29 July 2021 to Law Decree no. 77 dated 31 May 2021 (“Simplifications Decree Bis”)

Prepared by Energy Team Further to the Alert published on July 1, 2021 regarding the changes in the energy sector made by the Simplification Decree no. 77/2021 (“Simplification Decree Bis”) and Decree Law no. 92/2021, it should be noted that…