The Court of Cassation with ordinance no. 6626 filed on March 1, 2022 issued a ruling, as part of a tax dispute, on tax breaks for Amateur Sports Associations.
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.
The reform of the Italian Civil Procedure, whose implementation has been entrusted to the Government by Delegated Act No. 206/2021, has been approved on 25 November 2021 and has entered into force on 24 December 2021. The Government therefore has one year to issue the implementing decrees.
On 18 February 2022 the Italian Government approved a Law Decree having as scope the electricity and natural gas costs’ containment and the development of renewable sources.
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).
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.
With Resolution no. 79/E of December 31, 2021, the Italian tax authorities, for the first time, have provided guidelines on the identification of the taxable amount for VAT purposes in relation to supplies involving the purchase of non-performing receivables (hereinafter also "NPLs").
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.
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.
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.