Category: Newsalert

The Italian Government has decided to further postpone both taxes: the Plastic Tax will be applicable from 1 July 2026 and the Sugar Tax will be applicable from 1 July 2025.

On May 7th, the Decree-Law No. 60/2024 (hereinafter "the Decree" or "Cohesion Decree") called "Additional urgent provisions on cohesion policies" was published in the Official Gazette. The main changes regarding subsidized hiring of employees as well as further interventions pertaining to the labor market are outlined below are highlighted.

With the Reply to the Ruling request no. 83 of March 28, 2024, the Italian Tax Authorities provided some clarifications regarding the VAT treatment of Litigation Finance or Third Party Litigation Funding operations, recognising that they can be qualified as service provisions of a financial nature, exempt from VAT, under Article 10, first paragraph, no. 1), of the Presidential Decree no. 633/1972. 

MICA Regulation: Final Drafts Technical Standards

By means of Law No. 56 of April 29th, 2024, which was published in the Italian Official Gazette No. 100 of April 30th, 2024, and came into force on the following May 1st, the Decree-Law No. 19 of March 2nd, 2024 has been approved and converted into law.

This Newsalert summarizes the updates and main clarifications provided by the Italian Tax Authorities on electronic invoicing in the last months.

After years of awaiting, the Agreement on Social Security signed between Italy and Japan (hereafter the “Agreement”) finally and fully enters into force, allowing the enhancement not only of commercial trades but also of know-how between the two countries. Beyond that, the main benefit of this deal will be to exempt posted workers to and from Japan from social security contribution obligations in the country where the work is being carried out - by de facto - ceasing the double social security taxation applied up to now by reducing the labor costs of posted personnel.

On March 22, 2024, u.s. Confcommercio, Filcams Cgil, Fisascat Cisl and Uiltucs Uil (hereinafter “the Parties”), signed the agreement for the renewal of the National Collective Labour Agreements (NCLA) Commerce, for employees of Tertiary, Commerce, Distribution, and Services Confcommercio companies that expired on 31/07/ 2019. This renewal is particularly important as it covers more than 2 million workers.

On March 26, Directive (EU) 2024/825 (the “Directive”) on “green claims”, meaning the statements aimed at declaring (or even just hinting at) the lower or reduced environmental impact of the product and/or service offered on the market, officially came into force.

On March 25, 2024, the European Securities and Markets Authority (ESMA) published two documents under the so-called Market in Crypto-Assets Regulation (MiCA Regulation) i.e. Regulation (EU) 2023/1114 of the European Parliament and of the Council of May 31, 2023, and published in the Official Journal of the European Union on June 9, 2023.