Decree-Law no. 103/2021 converted into law

Published in the Official Gazette no. 224 of 18 September 2021, Law no. 125 of 16 September 2021, converting Law Decree no. 103/2021, which introduces urgent provisions for the protection of employment.

Electronic invoicing for cross border transactions – News applicable from 2022

According to the Law no. 178/2020, published on 30/12/2020 (hereinafter also "2021 budget Law"), which amended article 1, paragraph 3-bis, Legislative Decree no. 127/2015, starting from 1 January 2022, it will be mandatory to transmit to the Interchange data System of the Italian tax authorities ("SdI") also the transactions made with non-resident counterparties.

New Green Pass decree: rules and sanctions

The Council of Ministers has approved a decree-law introducing urgent measures to ensure the safe performance of public and private work by extending the scope of COVID-19 green certification and strengthening the screening system.

German withholding tax arising from Intellectual Properties transactions – New German guidance on “IP Nexus

According to German Tax Authorities, the (i) mere registration of IPs (such as patents and trademarks) in the German IP registers which has led to royalties payments between non German resident  companies and which are connected to sales in Germany by the non resident licensor or (ii) the economic exploitation of the IP within a German Permanent Establishment, regardless it’s registration in the German IP register, would trigger potentially German WHT items related to the non-German royalties payment flow.

Circular letter 9/E of the Revenue Agency: first clarifications about the tax credit for investments in new capital assets

With Circular letter 9/E, published on 23 July 2021, the Revenue Agency provided the first important clarifications on various questions arising from Article 1, paragraphs 1051 to 1063, of Law 178 of 30 December 2020 (so-called Budget Law 2021), which reformulated the tax credit discipline for investments in new tangible and intangible capital assets, both "ordinary" and "4.0", intended for production facilities located in the territory of the State.

Fund to support large companies in financial difficulties

On September 3, 2021, the General Director for Business Incentives before the Ministry of Economic Development ("MED") published the decree (the "Decree") setting out terms and conditions for submitting applications for access to the fund to support large companies in temporary financial difficulties.

Urgent measures regarding corporate crisis – Law Decree no. 118/2021

Prepared by Cristian Sgaramella, Michele Giuliani and Emilia Messina Law Decree No. 118 containing “urgent measures regarding corporate crisis and restructuring, and other urgent measures about justice” was published in the Official Journal on August 24, 2021 (the “Decree”). With…