Automatic information exchange: update of the foreign Countries list

June 2, 2017 Amendments to Law Decree n. 50/2017  approved by the Chamber of Deputies introduce some important facilitations to the voluntary disclosure procedure of L.D. n. 193/2016: the taxpayer may recover the tax credit for taxes paid abroad on the employment income object of the procedure the increased penalties apply only in the event that the taxpayer does not opt for the self-assessment of the tax due but waits for the penalty imposed by…

10 february 2017 Decree of 28 December 2015 (Official Gazette Office. n. 303 of December 31, 2015 General Series), in force as of 1 January 2016, turned into force Law 18 June 2015, n. 95 and Directive 2014/107 / EU of the Council of 9 December 2014 amending Directive 2011/16 / EU with respect to the automatic mandatory exchange of information for tax purposes. Therefore, from 1 January 2016 the tax authorities of OECD Countries…

October 25, 2016 The Italian Tax Authority, in a press release issued yesterday, has given the green light to adhere to the Voluntary disclosure from October 25, 2016. In fact, the Italian Tax Authority allowed to use the previous appeal model approved last year and to transmit it electronically, by means of licensed professionals. In addition, the professional will send to the client’s account via Electronic Certified Mail a preliminary accompanying report with details of…

October 25, 2016 Article 7 of Law Decree no. 193 of 22 October 2016, published in the Official Gazette n. 249 of 24 October 2016, extends the deadline for the voluntary disclosure procedure in order to regularize the undeclared foreign investments and foreign financial assets owned by Italian tax resident individuals. Taxpayers who infringed the tax monitoring obligations under D.L. n. 167 of 28 June 1990 can voluntarily regularize their positions in the period ranging…

December 29, 2015 The Italian Tax Authority releases Memorandum n. 38 on the reformation of tax litigation trial referred to D. Lgs. n. 156/2015 The Memorandum contains important clarifications regarding amendments made to D.Lgs. n. 546/1992, with specific reference to Tax Commissions’ jurisdiction, to the technical assistance, to the judgment expenses, to the claim and mediation, to communication and notification procedure, to the appeal and suspension. Feel free to contact us for any further clarification.

October 2, 2015 Law Decree n. 153/2015 dated September 30, 2015 granted an extension until November 30, 2015 in order to file the voluntary disclosure form (allowing the taxpayer to amend the same model and to file the supporting report and documents until December 30, 2015) without applying additional penalties. The Firm is available to provide assistance to those taxpayers who are likely to apply for the voluntary disclosure procedure. For any further information feel…

March 13, 2015 The Italian Tax Authority releases Memorandum n. 10/E dated March 13, 2015, containing the guidelines about the Voluntary Disclosure procedure, clarifying the application field, the fulfillments, the application range and related penalties. For any further information, please contact us.