by Marco Notarnicola. After ten years of negotiations, the landmark free trade agreement between the European Union and Singapore (EUSFTA), which removes nearly all Customs duties between the two jurisdictions, came into force on 20 November 2019. The EUSFTA was...read more
by Alessandro Belluzzo and Manuela Travaglini. The Queen has given Royal Assent and the European Parliament has ratified the Withdrawal Agreement (WA). Does this mean that Boris Johnson managed to Get Brexit done? And what will change for businesses and citizens on...read more
by Alessandro Belluzzo. Brexit approaches Following last December's elections, the Conservative Party now holds the majority of the seats in the House of Commons, which means that the vote on the Withdrawal Agreement Bill (the legislation required to implement the...read more
by Luigi Belluzzo. A new tax bill has been passed by the Greek Parliament introducing changes to the tax treatment of individuals. The new law is similar to the Italian New Tax Resident rules, confirming a growing competition among jurisdictions such us UK, Portugal,...read more
by Manuela Travaglini. With a 59 pages manifesto, Boris Johnson has promised to get Brexit done by the 31st of January. One of the goals will be to deliver on the promise to reduce the overall immigration numbers - although scrapping the previously set “tens of...read more
by Ezio La Rosa. The Prime Minister (PM) announced to the Confederation of British Industry (CBI) conference on 18 November 2019 that the government would be ‘postponing further cuts in corporation tax’. That means that the planned reduction from 19% to 17% will not...read more
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
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NEWS & EVENTS
Luigi Belluzzo panelist in Vienna at the International Congress “The 2020s: a new era for transparency, innovation and mobility”
Our Luigi Belluzzo speaks today at Vienna International Congress “The 2020s: a new era for transparency, innovation and mobility”. His speech focuses on International estate and wealth planning, with a peculiar attention to (tax) transparency and the new (fair)...
Belluzzo International Partners continues to grow in the various jurisdictions, today with the entry of Alessandro Pallara as Equity Parner. Graduated in Law with a double master degree in International Management and in Financial Taxation, he is a lawyer registered...
Luigi Belluzzo panelist at the Russian Wealth Advisors Forum 2020. During the panel Moving Abroad: Is It Still a Solution and If So, Where Should I Go? - January 29 - he will illustrate the Italian legislation and the benefits for Russian citizens who want to enjoy...
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