News

DISCIPLINE OF DECLARATIONS OF INTENT FROM 2020

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.

Brexit

although the date of 31st October 2019 for the exit from the European Union of the United Kingdom is approaching, the operating methods and the political, social and economic consequences are not yet clear

Clarifications on VAT deduction procedure

On 17.01.2018 the Italian Tax Authorities issued the circular no. 1/E regarding the clarifications on the VAT deduction procedure.

Split Payment: Final Lists 2017 and Lists 2018

The Ministry of Economy and Finance in regard of the Split Payment has published online the final lists of subjects to which the Split Payment mechanism is applied in 2017 and the lists of subjects to which the Split Payment mechanism is applied in 2018.

VAT reform: the evidence of the intra-Community supply of goods

The European Commission has approved the proposal of Regulation of 4 October 2017 (COM (2017) 568) issued by the Council to amend the Regulation No. 282/2011 concerning the "VAT exemptions" relating to intra-Community transactions of goods

Reduced term for input of VAT deduction

The law decree n. 50/2017, art. 2, has shorted the period for exercising the right to recover input VAT.

Financial Law 2018

The government has approved the guidelines for the new 2018 Financial Law (i.e. Legge di Bilancio 2018), which will begin the parliamentary debate in the coming days and coould be subject to changes.

Press release Finance Department: Signed the agreement between Italy and the United States on the automatic exchange of country-by-country reporting

NEW FISCAL INTERFACE PROJECT FOR OUR FIRM

In these months, our firm supplies assistance to an important customer in the implementation of a platform that allows to translate data processed by the client's SAP accounting system into our software platform for the following tax declarations and communications.

POSTPONED ON 16 OCTOBER 2017 THE TERM OF COMMUNICATION OF THE INVOICES DATA

The deadline for communicating to the Tax Agency of the data of the invoices received and issued in the first half of 2017 has been postponed to 16 October 2017.