Impatriates: extension of the option for the favorable tax regime

Foreign companies posting their employees to Italy must be compliant with the provisions of the Posted Workers Directive and the Italian law. In order to ascertain that the assignment in Italy matches the law provisions, the Italian Labour Authority must assess: whether the seconding company carries out activities not encompassed within simple personnel management or administration, so they cannot be considered fictitious companies (letter box companies); whether the employee is actually posted, analysing the employment…

October 30, 2017 The Italian Social Security Authority, with Circular Letter No. 154 of October 25, 2017, provides instructions on changes and additions to the bilateral Totalization Agreement between Italy and Canada, which entered into force on 1 October, with particular reference to: – determination and uniqueness of the applicable legislation – assignments – pension benefits – health controls in order to grant disability benefits – family benefits for pensioners – economic benefits for tuberculosis…

12/09/2017 Lo Studio Tributario Associato – Battaglia Cesari Zangrillo è lieto di comunicare la pubblicazione di un articolo sulle nuove policy in materia di trasfertismo, disponibile sulla rivista “La consulenza del lavoro”, edita da Eutekne. Il presente scritto è a cura di Fabrizio Valerio Battaglia, Matteo Cesari e Matteo Zangrillo. L’opera tratta le tematiche riguardanti: Le condizioni per lo status di lavoratore “trasfertista” ex art. 7-quinquies Le policy aziendali sul trasfertismo La potenziale applicazione retroattiva…

June 2, 2017 Amendments to Law Decree n. 50/2017  approved by the Chamber of Deputies introduce some important facilitations to the voluntary disclosure procedure of L.D. n. 193/2016: the taxpayer may recover the tax credit for taxes paid abroad on the employment income object of the procedure the increased penalties apply only in the event that the taxpayer does not opt for the self-assessment of the tax due but waits for the penalty imposed by…

10 february 2017 Decree of 28 December 2015 (Official Gazette Office. n. 303 of December 31, 2015 General Series), in force as of 1 January 2016, turned into force Law 18 June 2015, n. 95 and Directive 2014/107 / EU of the Council of 9 December 2014 amending Directive 2011/16 / EU with respect to the automatic mandatory exchange of information for tax purposes. Therefore, from 1 January 2016 the tax authorities of OECD Countries…

October 25, 2016 Article 7 of Law Decree no. 193 of 22 October 2016, published in the Official Gazette n. 249 of 24 October 2016, extends the deadline for the voluntary disclosure procedure in order to regularize the undeclared foreign investments and foreign financial assets owned by Italian tax resident individuals. Taxpayers who infringed the tax monitoring obligations under D.L. n. 167 of 28 June 1990 can voluntarily regularize their positions in the period ranging…

June 9, 2016 The implementation Decree on the new impatriates tax regime has been just released. The tax advantages consist of a taxation on 70% of the employment income produced in Italy by individuals who transfer the residency as of FY 2016, with reference to the year of transfer plus the four subsequent ones, provided that all law requirements are met. Such exemption cannot be summed to the researchers’ repatriation regime and is lost in…

December 3, 2015 INPS Memorandum dated December 3, 2015 comments on the applicability of the new Totalization agreement signed between Italy and Israel on February 2, 2010 giving clarification on the application field, on the secondment of employees and self-employed individuals, the pension payments relating to the agreement, the totalization mechanism and the relevant social security forms, now available. For any further information, feel free to contact us.

October 9, 2015 INPS Memorandum dated October 9, 2015 comments on the applicability of the new Totalization agreement signed between Italy and Turkey last August, the 1st, giving clarification on the application field, on the secondment of employees and self-employed individuals, the pension payments relating to the agreement, the totalization mechanism and the relevant social security forms now available. For any further information, feel free to contact us.  

October 2, 2015 Law Decree n. 153/2015 dated September 30, 2015 granted an extension until November 30, 2015 in order to file the voluntary disclosure form (allowing the taxpayer to amend the same model and to file the supporting report and documents until December 30, 2015) without applying additional penalties. The Firm is available to provide assistance to those taxpayers who are likely to apply for the voluntary disclosure procedure. For any further information feel…