Author: PwC TLS

On November 25, 2021, the Bank of Italy   sent to the parties referred to in art. 2, paragraph 3, letter c of Law 130/1999 a notice entitled “"Servicers in securitization. Risks profiles and supervisory guidelines".

One year after the adoption of the Capital markets union (“CMU”) 2020 action plan, the European Commission (“EC”) on 25 November 2021 started delivering on its commitments, adopting a set of legislative proposals designed to contribute to achieving the CMU objectives.

Acts related to electronic invoicing. In particular, Act no. 293384 concerns the transactions carried out with foreign counterparts while Act no. 293390 is related to the transactions carried out upon reception of the declarations of intent.

The negotiated settlement procedure for the solution of the business crisis (the “Negotiated Settlement”) governed by Law Decree 118/2021 converted with amendments into Law 147/2021 (hereinafter the “Decree”) and which entered into force on 15 November 2021, assigns a prominent role, in the identification of the business crisis, to the supervisory body (i.e., in the case of joint stock companies, the board of statutory auditors of the traditional system, the supervisory board of the dualistic system and the management control committee of the monistic system; in the case of limited companies, the board of statutory auditors or the sole auditor).

The employer’s check on the company’s chat (to be considered as a working tool according to article 4, paragraph 2, of the Statute of Workers) is regulated by paragraph 3 of the same article, according to which the information collected can be used for all the purposes linked to the employment relationship - included the disciplinary ones - '' on condition that an adequate notice over the modalities of use of the tools and of the conduction of controls is given to the employee, and the check are conducted  in respect of provisions of the Decree-Law no. 196/2003".

With the Message no. 3809 of November 5th, 2021, INPS provided operating instructions for the use of the contribution exemption for the hiring of working women carried out in the course of the year 2021.

The purpose of this note is to briefly discuss the taxation of non-EU dividends, in light of the combined provisions of articles 89, paragraph 3 and 47-bis of the CIT code.

With the recent decision no. 30016 dated With the recent decision no. 30016 dated October 26, 2021, the Italian Supreme Court ruled about on the VAT treatment of the “sale and sale back”.