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VAT taxpayers, who have requirements to be qualified as “habitual exporter”, shows the intention to use of the faculty to make purchases or imports without the application of VAT, by filing a proper form to the Revenue Agency, which issues an electronic receipt indicating the receipt protocol number. Art. 12-septies of the Law Decree no. […]
The new rules incorporate European legislation with the aim of ensuring uniform and certain treatment with regard to issuing, transferring and redeeming. The Council of Ministers approved, in final examination, the legislative decree that incorporates into our tax system the European provisions on the treatment of fee vouchers as per Directive (EU) 2016/1065, which amended […]
Dear Client, On this occasion we shall be examining the accounting treatment of the reimbursement of legal expenses. Art. 91 of the code of civil procedure, along with art. 92 and 93, introduce the so-called “loser pays” principle; the law states that “with the sentence that closes the trial before him/her, the judge orders the […]
Dear customer, There follows a table which summarises the content of Legislative Decree n.147 of 14.9.2015 (published in the Official Gazette n. 220 of 22.9.2015), containing measures for the growth and internationalisation of companies, pursuant to art. 12 of enabling act n. 23/2014. Read the full article:
Dear Customer, The 2015 Stability Law confirms important new rules concerning the application of VAT for operations involving public organisations. In particular, it stipulates that for operations conducted with effect from 1 January 2015, supplies to the Public Administration authorities must be made using the “split payment” system. This means that the purchasing party undertaking […]
Voluntary correction is a useful mechanism that, for more than 15 years, has allowed taxpayers to spontaneously remedy errors and omissions, while benefiting from a reduction of the fine which they would otherwise be charged by the tax authorities in the event of a control. It is typically used to correct omitted payments, but can […]
As of 1 January 2018 measures will be coming into force to simplify the compiling and presenting of summary lists of EU transactions (Intrastat declarations).These measures were introduced with Provision (prot. n. 194409/2017) of the Director of the Revenue Agency and the Customs and Monopolies Agency, in agreement with ISTAT, in order to implement the […]
As previously indicated in Memo n. 11/2017, the 2017 corrective measure (D.L. 24 April 2017 n. 50, converted with amendments into L. 21 June 2017 n. 96) introduced some significant changes with regard to the deadlines within which taxpayers are required to exercise the right to deduct VAT relating to the purchase of goods and […]
Through partner Paolo F. Storti, who was supported by associate Luca Santaroni, Clarkson Hyde assisted Nord Fluid S.p.A. in the signing of the contract for the acquisition of a stake in the share capital of OMV S.p.A., a company specialised in the design and production of hydraulic cylinders. The Firm acted as an advisor to […]
The changes introduced by D.L. 193/2016 Art. 7 of D.L. n. 193 repeals the 4th paragraph of article 50 bis letter d of D.L. 331/1993. This eliminates any limitations to specific categories of goods for the removal of goods from VAT warehouses by taxable persons who use or commercialise these goods in the national territory. […]