With effective date April 1st, 2017, significant changes will be introduced in relation to the use of the VAT warehouse and the way to account for VAT following the withdrawal of the goods.
In particular, art. 50-bis of Law Decree no. 331/1993 (the provision regulating VAT warehouse simplification in Italy) has been amended as follows:Read More »
We offer this publication to all those people with entrepreneurial spirit who are interested in understanding the essentials of the Italian system, with the hope of contributing to the success of their business.
A growing number of companies, both small and large, consider the world to be their market of reference. One of the prerequisites to accomplish this aim is to know and interpret local rules and regulations.Read More »
Legislative Decree no. 175/2014, so called “Semplificazioni fiscali” concerning tax simplification in connection with the VAT refund claims was introduced in 2014. When released, the rules concerning the simplification procedure were unclear, especially in the application for non-EU companies. Read More »
4 Ministers of culture asked for change in EU legislation to tax e-books exactly as physical books.
2015 seems to start with book related VAT news in the EU. After the ECJ’s judgment in the K Oy case (C-219/13), the Finnish Supreme Administrative Court (“SAC”) delivered its ruling at the end of December. Read More »
The Italian Parliament passed the 2015 Finance Law on 22 December, which applies the 4% VAT rate to e-books as of 1 January 2015. According to the legislation any publication that is identified by an ISBN code (International Standard Book Number) and transmitted through any physical or electronic means, should be considered as a book and, as a result, subject to the 4% reduced VAT rate.Read More »
On November 28, 2014, the Legislative Decree laying down provisions related to tax simplification so called “Decreto semplificazioni fiscali” (Legislative Decree no. 175 dated November 21, 2014) has been published in the Official Italian Gazette.Read More »
As from 13 of December following changes will be applied concerning VAT Law:Read More »
Italy took over EU Council Presidency on 1 July 2014 for the following 6 months. Italy’s Prime Minister Matteo Renzi presented Italy’s priorities to the new Members of the EU Parliament and the formal programme has now been released.
In the area of indirect taxation, the Italian Presidency willRead More »
The Italian Parliament approved on December 23, 2013, the Finance Law for 2014 (so called “Legge di Stabilità” – no. 147/2013). Such a law has provided for the set up of the so called “web tax”.
At a first stage, the web tax should have been both for VAT and corporation income tax perspectives. The VAT aspects of the web tax has now been repealed (please see below). Read More »
Michaela Merz 