PwC TLS and Fast together for advice and assistance to companies for invoice discount, direct use of credit and/or assignment of credit.
On 7 October 2022, the Council Regulation (EU) 2022/1854 on “an emergency intervention to address high energy prices” (the “Regulation”) was published in the Official Journal of the European Union.
With decision no. 25698 of 1 September 2022, the Italian Supreme Court acknowledged the possibility for individuals who, outside their business, are partners of US partnerships to obtain a credit for the tax paid abroad even though the capital income received is mandatorily subject to substitute tax in Italy.
According to article 37 of the Law Decree no. 21/2022 an extraordinary contribution is due by enterprises which (i) engage in the production or resale of electricity, natural gas or natural gas extraction; (ii) engage in the production, distribution and trade of petroleum products; (iii) permanently import electricity, natural gas or methane gas, petroleum products or bring such goods into the territory of the State from other States of the European Union.
With the draft of Budget law for 2023 it was provided the deferral of Plastic Tax and Sugar Tax to January 2024.
The Italian Tax Authorities, with the Ruling no. 484/2022 provided important clarifications on the issuance and registration of sales and purchase invoices in the event of extraordinary transactions.
On 21st October 2022, the European Commission published in the Official Journal of the European Union as No. C/405/01, non-binding guidelines, concerning the “best execution process” for the sale of non-performing loans on secondary markets.
