Italy- Tax Court Renders Decision on “Best Method” Rule
Recently Italy’s Regional Tax Court of Lazio has given an important decision regarding the selection of methods for determining inter-company prices. An Italian company acting as toll manufacturer on behalf of a related foreign company, set
See MoreSettlement of Small Tax Debts by 120,000 Italians
120,000 taxpayers have taken the opportunity to settle their small tax debts with the Revenue Agency In accordance with the tax administration provisions of the Italian budget approved in July 2011. From July, by immediately paying the tax due,
See More“Save Italy” Budget is approved
The Italian government has finally approved the "Save Italy" budget with few modifications, except for those previously agreed by the government. Despite continued opposition from different groups, especially, the trade union to the pension reforms
See MoreAn attempt of rapprochement on tax between Italy and Switzerland
To unblock the stalled negotiations for a double taxation agreement (DTA) between Italy and Switzerland, an attempt has been made, during a meeting organised by the Italian Senate’s Foreign Affairs Committee. In fact, there has been a
See MoreBudget bill is changed again in Italy
Instead of the previous 5% tax to be levied on annual personal incomes higher than EUR90,000 (USD126,300), now people have to pay 10% on annual incomes over EUR150,000, an additional rate of 3% will now be applied on all personal incomes over
See MoreItaly: VAT rate increases
The Italian Parliament has agreed to an emergency 1% rise of VAT from 17 September 2011. Though the rise was originally submitted in June 2011, and was scheduled for January 2014. But due to instability in the financial market, the government took
See MoreItalian business against VAT rate hikes
Rete Imprese Italia, representing artisans, traders, the tourist sector and other services in Italy, has emphasized to stop penalizing consumer spending which is obvious in the Italian government’s proposed three-year tax reforms framework.
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