Art. 39 of the Decree provides for substantial amendments to the criminal penalties for tax offences with a particular focus on Decree n° 74/2000 regarding fraudulent declarations. In a nutshell the following is now set: false invoices or other documents for...

The Decree provides certain amendments to the taxation rules applicable to Italian tax resident beneficiaries of foreign so called “opaque” trusts. The meaning of opaque is to be considered under Italian tax rules, where opaque trusts are defined as the ones where the...

With a controversial ruling the tax authority states that interest payable by Italian resident borrowers, who are not withholding agent, must be taxed in Italy in the hands of the foreign bank or financial intermediary (with direct application of the treaty rate, if...

by Stefano Serbini for European Taxation  - August 2019 Italy grants a favourable tax regime to foreign and/or Italian individuals entitled to receive pension income by a foreign entity who move their residence to Italy . Learn some details here For more information...

The Italian government has recently introduced provisions aimed at leveraging the growth of Italian entities with relevant tax measures: deduction of the investments and revaluation of capital assets/goodwill. To learn more here Belluzzo International Partners at IFA...

by Giacomo Francioni. The Institute of Chartered Accountants in England and Wales (ICAEW) commented the news according to which HMRC opened 5,537 inheritance tax (IHT) investigations in the 2018-2019 tax year. This 3.4 per cent increase on the previous tax year has...

by Giacomo Francioni. On the 8 August HMRC released an updated report on the number of non-domiciled taxpayers in the UK, that fell by 13.5% to 78,300 in the 2017-2018 tax year. This important fall in numbers coincided with the introduction of wide-ranging reforms to...