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...read more
The Italian Decree – Financial Bill 2019 – Trusts and Taxation in Italy: Change for Foreign Opaque Structures
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...read more
Italian tax authority chases foreign Banks and financial intermediaries for taxation of interest payable by Italian resident individuals.
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...read more
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...read more
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...read more
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...read more
by Giacomo Francioni. The Law Society recently launched its UK-EU future partnership - legal services sector report that outlines with case studies some of the practical challenges of leaving the EU without a deal or with a deal that pays no attention to...read more
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...read more
by Tony Castagnetti. The UK government is focusing flat out for a worst case scenario of a “No Deal Brexit” and will allocate customs passes to thousands of businesses over the next two weeks to prevent goods being held up at the UK border in the event of a no-deal...read more
by Giacomo Francioni. HMRC is auto-enrolling VAT registered companies in a crucial customs system, in an effort to prepare businesses for Brexit . More than 88,000 VAT registered companies will be given an Economic Operator Registration and Identification (EORI)...read more
News and exclusive in-depth analysis posted by B&P professionals.
NEWS & EVENTS
The Italian Tax Authorities challenged FCA Group about its exit tax on year 2014 assuming a EUR 5.1bn underestimation of the value of their business when they moved the headquarters in the Netherlands in 2014 and therefore demanding a tax bill of EUR 1.4bn. We attach...
Belluzzo International Partners was ranked in ITR World Tax’s Tier 1 as Leading Firm in Private Client Practice Area. The Firm has also been ranked in General corporate tax and Transactional tax practice areas. Our Partners, Lorena Pellissier and Paola Bergamin have...
Our Professionals will talk about New Italian Tax Residents and Italy at London City Seminar next Monday 11th
Our Alessandro Belluzzo and Domenico Sannicandro, TEP, will be speakers at the next meeting of the STEP City of London Branch: The Corbyn Put Option: Alternative Jurisdictions for Internationally Mobile Families London, Monday 11th November 2019 - Herbert Smith...
38, Craven Street
160 Robinson Road,
#20-08 SBF Center