Marco Pistis

We are pleased to announce the seventh edition of our IPG Journal, this time including the months of June and July in a single edition. Please find below a brief summary of the main news from these last two months. Lex&Tax Cafè During June and July, the fifth and sixth episodes of “Lex&Tax Café” were released, hosted, as…

Fourteen months after the Italian Government’s amendment to art. 162 of the Italian Corporate Tax Code (ICTC), introducing new § 7-ter, 7- quarter and 9-bis, the Revenue Agency Ruling No 68668/2024 (the Ruling) and the Ministry of Economy and Finance Decree released on February the 22nd 2024 (the Decree) provided therules for implementing the s.c. investment management exemption. Under…

We are pleased to announce the sixth edition of our IPG Journal. Please find below a brief summary of the main news of the month. In April, we published a new episode of “Lex&Tax Cafè”; in this episode our Managing Partner, Marco Pistis, our special guests Federico Vai, Managing Partner of Apicall S.p.A, Gabriele Cuonzo, Foundg Partner of Trevisan & Cuonzo, and our Associate Partner, Francesco…

The Ministry Decree released on March 04th, 2024, approved by the Italian Ministry of Economy and Finance on the Official Journal No 87/2024, provided the implementation rules for the tax credit aimed at promoting the purchase and usage of materials and products in substitution of disposable plastic consumables, as set forth by art 4 § 7 of…

As anticipated in a press release, on 26 March 2024 the Council of Ministers of Italy approved a new Draft Legislative Decree regarding Construction Bonuses and Tax Benefits.Below is a summary of the key aspects of the Draft Decree.  The Draft Decree erases the possibility of applying for remissio in bonis (i.e. the possibility of…

The Tax Court of Justice of Lombardy, second instance, stated a key principle in Ruling No 3755/2023: the input VAT related to the transaction costs incurred into in the context of a merger leveraged buy-out transactions (MLBO) can be deducted. The transaction costs include all the expenses borne for carrying out a MLBO, including but not…

Court proceedings are not interrupted despite the declaration of insolvency if the respondent voluntarily appears in court. The former employee of a company subject to insolvency procedure through judicial administration (Legislative Decree No. 270/1999) sued the said company as per art. 404 of the Italian Code of Civil Procedure

Premise. The Budget law 2024 (law of December 30, 2023, n. 213, art. 1, co. 180/182), established an exemption in favour of working mothers who meet certain requirements, for payment periods between January 1, 2024 to December 31, 2026, over the 100 percent of the contribution rate to social security (IVS quota) paid by the…

The Italian Government, approving the Law n. 191/2023 (hereinafter also “the Law”) has converted into law the Decree No 145/2023 (so-called “Anticipi” Decree) linked to the Budget Law for the financial year 2024. For a detailed analysis, please refer to our Tax Update No 11/2023. Herewith an overview is presented of the main tax update…

By adding the new paragraph 49-quinquies into Article 37 of Law Decree no. 223/2006, Article 1, paragraph 94 of Law no. 213/2023 (2024 Budget Law) introduced a prohibition on credit’ offset in case of tax assessment notices exceeding € 100,000.00. The new rule will be effective from July 1st, 2024. In particular, the provision establishes that the right…

The Italian Government has approved the Legislative Decree no. 32/2023 (hereinafter the “Decree”), implementing the European Directive 2011/16/EU (hereinafter “DAC 7”); the mandatory Italian disclosure obligation is underway. In general terms, the DAC 7 aims at collecting the data and information related to the transactions carried out on the digital platforms, which allow economic operators…

Bad news from the Law No 213 of 30.12.2023 (s.c. Budget Law 2024) on the creation of real estate rights: by amending art. 9 § 5 and introducing the new art. 67 § 1 let. h) of Law Decree 917/1986, the capital gains generated on the transfer of any real estate rights of use (not…