VAT refunds ex Article 38-ter, Presidential Decree 633/1972, always precluded for VAT credits arising from imports?

With the answer to ruling no. 248 dated 9 May 2022, the Italian tax authorities provided clarifications with reference to VAT refunds in simplified procedure ex Article 38-ter, Presidential Decree 633/1972, applicable for non-resident persons established in non-EU Countries.

New form to self-declare the monitoring of state aids under the Temporary Framework scheme

On 27 April 2022, the Italian Revenue Agency published the provision no. 143438 defining the terms and conditions for the presentation and the content of the self-declaration in lieu of affidavit in order to verify compliance with the limits and conditions set out in Sections 3.1 and 3.12 of the Temporary Framework ("TF") in relation to State Aid obtained up to 31/12/2021, as well as the terms and conditions for the voluntary repayment of such State Aids in the event that the maximum limits provided have been exceeded.

Obligation of electronic invoicing extended to minor taxpayers and amateur sports associations

Law decree no. 36 dated April 30, 2022 (the so-called "PNRR 2") has extended the obligation of electronic invoicing also to the so-called "minor taxpayers" (those who fall under the minimum regime referred to in art. 27, paragraphs 1 and 2, law decree no. 98/2011 and those who apply the flat tax regime referred to in art. 1, paragraphs 54 to 89, Law no. 190/2014) and to amateur sports associations.

Recovery and Resilience Plan – Ministry of the Ecological Transition published calls for tenders for funding of green hydrogen production

On March 23, 2022, the Ministry of the Ecological Transition (“MET”), published a call for tender concerning project proposals relating to research and development activities, to be financed within the Recovery and Resilience Plan (“RRP”), in hydrogen matters (the “Tender”).

The Protection of Intellectual Property Rights in China: some Updates for Italian Companies

In recent years it is worth noticing an important commitment by China to develop and implement the protection of intellectual property. Among the most recent legislative innovations, it is worth noticing a new system for the protection of the so-called “IP assets”.

Reserved Italian AIFs – Amendments to DM no. 30/2015 and establishment of new minimum investment thresholds for retail investors

On 15 March 2022, Decree no. 19 of the 13 January 2022 of the Ministry of Economy and Finance ("MEF") relating to the Regulation amending Decree no. 30 of 5 March 2015published in the Italian Official Gazette.