The Italian government releases the official guidelines for the severance payment cash-out

October 30, 2017 The Italian Social Security Authority, with Circular Letter No. 154 of October 25, 2017, provides instructions on changes and additions to the bilateral Totalization Agreement between Italy and Canada, which entered into force on 1 October, with particular reference to: – determination and uniqueness of the applicable legislation – assignments – pension benefits – health controls in order to grant disability benefits – family benefits for pensioners – economic benefits for tuberculosis…

October 17, 2017 The Italian tax authority published yesterday Memorandum no. 25/E regarding the qualification as capital income of distributions received by employees or directors as a result of shareholdings in companies, entities or collective investment vehicles related to shares, quotas or other financial instruments carrying enhanced equity rights (so called “carried interest”) as a result of the new provisions issued by D.L. n. 50 dated April 24, 2017. In particular, the Italian tax authority…

January 13, 2017 Legislative Decree n. 253/2016 is now in force. Such law provision rules the entrance and stay conditions for foreign citizens employed as executives, specialized workers and trainees within inter-company transfers, by adding to the Immigration Code article 27-quinquies on the entrance and stay of foreign employees resident outside of Italy and article 27-sexies with reference to employees already present in another EU Country, who are transferred in Italy by their Employer. In…

January 20, 2016 The Italian Social security authority, by releasing Message n. 218/2016, notifies Companies of the new electronic procedure regarding the issuance of A1 model concerning employees assigned abroad as per EU Regulation n. 883/2004 and Regulation n. 987/2009. Feel free to contact us for any further clarification.