News and events from the world of taxation
the art. 4 of the Law Decree no. 124 (so-called Tax Decree) converted into law on 18th December 2019, has introduced important changes in regard of Tax withholdings and compensations between “Contracting companies” and “Contractor/Subcontractor Companies”
The usual exporter who intends to avail of the right to purchase goods and services without applying VAT must prepare the declaration of intent and send it to the Tax Revenue Agency. Starting from 1st January 2020, the Legislative Decree 34/2019 (converted into Law 58/2019) has provided for some simplifications on the matter and a tightening of the related sanction regime.