German IP nexus and withholding tax – timing issues and how to face them

The German tax law adopted a provision that forces non-resident taxpayers to pay a Withholding tax (WHT) in Germany for the royalty payments connected to the detention of Intellectual Property (IP) like patents and trademarks registered or exploited in Germany.

Cryptocurrencies – The MEF Decree on the Register of Operators

On 17 February 2022, the Decree of the Ministry of Economy and Finance dated 13 January 2022 concerning the procedures and timelines by which virtual currency service providers and digital wallet service providers are required to disclose their operations in Italy ("Decree") was published in the Official Gazette (Gazzetta Ufficiale).

The bankruptcy of a company in a composition with creditors procedure: the judgment of the Supreme Court of Cassation

On 14 February 2022, the Supreme Court of Cassation in joint sittings of all divisions (the “Supreme Court”) in the meaning of "Corte di Cassazione a Sezioni Unite") ruled on the possibility for a company to be declared bankrupt in the event of non-compliance with the approved composition with creditors without the need for a prior declaration of termination of the same.

Corporate meetings in full audio/video conference after the Covid-19 emergency: the breakthrough of the Notary Council of Milan

The recommendation no. 187 of the Notary Council of Milan was issued, clarifying that the attendance to meetings by means of telecommunications may concern all the participants, including the Chairman, provided that the Secretary taking the minutes, or the Notary Public, would be in the (physical) place indicated in the notice of call.

Import into Italy by a person not resident in the European Union

With circular letter no. 40 of 14 December 2021, the Italian Excise, Customs and Monopolies authorities has reiterated that an economic subject not established in the European Union (hereinafter also “EU”) cannot submit an import customs declaration independently but must necessarily use an indirect customs representative for this purpose.

New rules for Intrastat EC listings forms

With the publication of the Legislative Decree no. 192/2021 in the Official Journal dated November30, 2021, implementing the European Union Directive no. 2018/1910, the so-called "quick fixes" became applicable in Italy.