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.

Tax settlement procedure: Italian Revenue Agency is bound by the minutes signed within a settlement agreement in compliance with the principle of protection of legitimate expectations

The Italian Supreme Court issued the ruling no. 12372/2021 concerning the binding effects of the minutes signed within a settlement agreement, highlighting some general criticalities and stating some fundamental principles with respect to the protection of legitimate expectations and to cooperation in good faith between taxpayers and the Italian Revenue Agency.

Italian Supreme Court: the solidarity contract is possible also when a collective redundancy procedure is pending

On April 7th, 2021 the Italian Supreme Court issued an interesting ruling, the ruling no. 9307 of 2021, in which it affirmed that the solidarity contract may also be entered when a collective redundancy procedure is pending provided that, after the start of this last procedure, redundancies have occurred that could not be dealt with by the same.