ECOBONUS and SISMABONUS 2020

In the international framework of the automatic exchange of information, the major update introduced by DAC7 refers to online platform operators that should report information to the relevant Member State’s Tax Administration on those business players which use their platforms to sell their goods and provide their services to final users.

The decree clarifies a series of important points, relating to the application of new tax credits and the qualification of the eligible activities, especially about technological innovation and design.

The Constitutional Court, with the judgment no. 158/2020 filed on July 21st 2020, clarified that, for the purposes of register tax, the Revenue Agency must apply the tax according to the nature of the specific act subject to the register tax and must not consider extraneous elements and circumstances to the same specific act subject to registration.

The Relaunch Decree has formally re-opened the terms for the revaluation of participations held in non-listed companies held as at 1 July 2020.