The article focuses on the anti-tax-haven rules of the Italian Income Tax Code. The rules were developed to include both inter-company and extra-company transactions where an Italian company incurs costs. Certain guidelines were established for taxpayers in the interpretation of exempting conditions...
However, when an interest-free financing transaction occurs between an Italian parent company and a foreign subsidiary, doubts may arise regarding the potential applicability of transfer pricing regulations (Article 110, paragraph 7 of the Income Tax Code). This would ...
"One can opt into the non-dom regime for the annual income tax return relating to the first fiscal year of Italian tax residence or the subsequent fiscal year." Objective scope of application The substitute tax, both with reference to the main beneficiary and to their family members, ...
ITAIncome Tax Act ITAInternational Trombone Association ITAInspection Training Associates(school for home inspectors) ITAInternational Travel Agency(various locations) ITAInstituto Tecnológico de Aeronáutica(São José dos Campos, SP, Brazil) ITAIncome Tax Allowance(energy pipelines) ...
Companies must pay VAT to the state for most purchased goods and services. VAT can be deducted if the goods or services purchased by a company are used in the production of its income. In Microsoft Dynamics NAV, you can define periodic VAT reports in theDefault Dimensionswindow. You can fil...
income.Non-residentindividualsaretaxableontheirincomearisinginItaly.Residentindividualsarethosewhoforthegreaterpartofthetaxyear:–areregisteredintheItaliancivilregistry;or–havearesidenceordomicileinItaly,asdefinedintheCivilCode.“Residence"istheplaceofhabitualabode;"domicile"istheplacewhereanindividualhasestablished...
Let’s consider the main differences between the minimum tax regime and the flat-rate regime: The minimum tax regime provides for a 5% substitute tax (of income tax, regional and municipal surtaxes, and IRAP) for the entire duration of the regime, while new businesses adopting the flat-rate...
Avis Italian Opco shall not amend or waive (or shall agree to amend or waive) any provision of the Italian Income Tax Consolidation Agreement which relates in any material respect to the tax position of Italian FleetCo without the prior written consent of the Transaction Agent (such consent not...
If error occurs during export, clicking Open Related Record will open Withholding Tax Card where Non-Taxable Income Type can be set. Non-Taxable Income Types values definitions: “1” - in the case of sums which have not contributed to taxable income (90% of the amount disbursed), relating...
If error occurs during export, clicking Open Related Record will open Withholding Tax Card where Non-Taxable Income Type can be set. Non-Taxable Income Types values definitions: “1” - in the case of sums which have not contributed to taxable...