Italy: Draft legislative decree introduces advance pricing agreement rollback provision
A draft legislative decree was approved by the Italian Government on 21 April 2015 introducing an advance pricing agreement (APA) rollback provision and provisions relating to costs of transactions with tax havens. The draft decree introduces
See MoreRomania signs protocol with Italy to amend DTA
The amending protocol to the Income and Capital Tax Treaty (1977) between Romania and Italy was signed on April 25,
See MoreItaly and Luxembourg: Protocol to DTA
The Protocol to the Double Taxation Agreement (DTA) between Italy and Luxembourg came into force on January 20,
See MoreOECD makes recommendations to Italy on tax policy
The OECD Economic Survey of Italy released on 19 February 2015 notes that Italy is undertaking ambitious reforms to increase economic growth. In the past reform projects have not reached full implementation but this time Italy is reforming the
See MoreItaly and Liechtenstein: First Move for Tax Information Exchange Agreement (TIEA)
The Ministry of Economy and Finance of Italy announced that a Tax Information Exchange Agreement (TIEA) with Liechtenstein had been initialed on February 13,
See MoreItaly and Mexico: Ratification of the Double Taxation Agreement (DTA)
Italy has ratified the Double Taxation Agreement (DTA) on December 29, 2014 with
See MoreThe Tax Information Exchange Agreement (TIEA) between Italy and Jersey Enters into Force
The Tax Information Exchange Agreement (TIEA) between Italy and Jersey has entered into force on January 26, 2015. Tax Information Exchange Agreements (TIEAs) provide for the exchange of information on request relating to a specific criminal or
See MoreItaly and Switzerland Agree an Amendment to Their Existing Double Tax Agreement (DTA)
Italy and Switzerland have agreed an amendment to their existing Double Tax Agreement (DTA) to enhance tax information exchange
See MoreItaly: E-Invoicing Requirements for Suppliers of Goods and Services
The suppliers of goods and services in Italy will be required to submit electronic invoices through Italy's online platform to almost all public authorities (PAs) from March 31, 2015. Businesses supplying public authorities must provide the required
See MoreItaly:Parliament Approves a Law to Ratify a Pending Double Taxation Agreement (DTA) Protocol with Mexico
The lower of Parliament of Italy has approved a law on December 18, 2014 to ratify a pending Double Taxation Agreement (DTA) Protocol with
See MoreItaly: Introduces New Reduced Tax Regime for Self-Employed Individuals
Italy has introduced new reduced tax regime for Italian self-employed individuals and which will be effective from January 1, 2015. The self-employed individuals including entrepreneurs and sole traders will be entitled to new 15 percent fixed tax
See MoreItaly: approves fiscal budget for 2015
Italy has approved 2015 fiscal budget with deficit. The budget bill was passed by both houses of parliament when the Chamber of Deputies approved the budget on December 22. Budget implication on Tax & VAT: The Budget includes a cut in the
See MoreItaly & Mexico: Amended protocol to DTA approved by Italian Parliament
The Italian Parliament has approved the amended protocol to the Italy - Mexico Income Tax Treaty of 1991 on 18 December 2014 and it was signed on 23 June 2011. Further details will reported
See MoreItaly: approves a decree to pre-compile individual income tax returns covering 2015 tax forms
The Italian Cabinet has approved a decree to pre-compile individual income tax return on October 30, 2014. This scheme will cover 2015 tax forms. A pre-compiled form will be available to the tax payers by April 15 each year over the internet. The
See MoreItaly: ratification of Tax Information Exchange Agreements (TIEAs) with the Cook Islands and Jersey on October 30, 2014
Italy has ratified its Tax Information Exchange Agreements (TIEAs) with the Cook Islands and Jersey and it was published in the official gazette on October 30,
See MoreItaly: Ratifies its protocol with the Republic of Korea on October 29, 2014
Italy has ratified its tax treaty protocol with the Republic of Korea and it was published in the official gazette on October 29,
See MoreItalian individual income tax returns will be pre-compiled
Italy's Cabinet re-examined the draft law decree at its meeting on September 19. As per the decree individual income tax returns will be pre-compiled for 30m Italian employees and pensioners from 2015. Tax forms pre-compiled by the Revenue Agency of
See MoreItaly: Requests to pay tax in installments has been increased
A record 156,000 requests from taxpayers has been received in July 2014 by Equitalia, Italy's tax collection agency to pay their tax debts by installments. There are now said to be 2.4m such agreements in operation with a total value of EUR26.6bn
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