PwC TLS Blog

The amendments provided under the PNRR and the Simplification Decree Bis in respect of the incentive tariffs related to agro-voltaic plants

23 September 202123 September 2021by PwC TLS

The National Recovery and Resilience Plan (“PNRR”) has expressly included the construction of agro-voltaic plants among the initiatives to be implemented in the context of the ecological transition in view of achieving complete climate neutrality and environmental sustainability.

Decree-Law no. 103/2021 converted into law

22 September 202122 September 2021by PwC TLS

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

21 September 202121 September 2021by PwC TLS

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

21 September 202121 September 2021by PwC TLS

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.

The 4% VAT rate is applicable to the olive oil regardless the use

15 September 202115 September 2021by PwC TLS

By the Legal Advice n.12 of 7.09.2021, the Italian tax authorities clarified that the reduce 4% VAT rate is always applicable in transactions involving olive oil, regardless of its intended use.

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

14 September 202114 September 2021by PwC TLS

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.