Conversion into law of the “Support Decree”

Decree-Law no. 41 of 22 March 2021, concerning “Urgent measures in support of enterprises and economic operators, labour, health and territorial services, connected to the COVID-19 emergency”, and known as Decreto Sostegni 1, was converted into Law no. 69/2021 on 21 May 2021.

The tax credit provided by the double taxation treaties is due even after the application of the mother-daughter Directive

On May 20th, 2021 the Supreme Court issued the ruling n. 13848, recognizing that the exemption from withholding tax (provided by the mother-daughter) of dividends distributed by an Italian subsidiary to the French parent company does not preclude the latter its right to request, even ex post, the refund of the tax credit.

Law Decree “Sostegni bis” – Prompt recovery of VAT on outstanding receivables towards customers subject to insolvency proceedings

The right to recover VAT beyond the annual year limit is also applicable in the event of non-payment of the consideration, in whole or in part, by the customer, starting from the date on which the latter is subject to an insolvency procedure or from the date of the decree that approves a debt restructuring agreement or from the date of publication in the register of companies of a certified plan.

Reimbursement of expenses to smart workers: the opinion of the Revenue Agency

With the Questioning no. 314 of April 30, 2021, the Revenue Agency provides clarifications regarding the tax treatment applicable to the sums paid as reimbursement to smart workers, stating that the sums paid by the employer to its employees, in order to reimburse the costs incurred from the same in carrying out their working activity, do not constitute income for workers, when they can be considered as expenses faced in the exclusive interest of the employer himself and on condition that they are identified on the basis of objective elements.

Law Decree “Sostegni bis”: the news on labour law matter

On May 25th, 2021, has been published in the Italian Official Gazette the law decree “Sostegni bis” (“Decree-law on urgent measures for the support of companies, work and professions, for liquidity, health and territorial services, connected to the emergency from COVID-19”), which entered into force on the following day, on May  26th, 2021.