Italy and Monaco have just signed the cooperation agreement

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…

10 febbraio 2017 Il Decreto  28 dicembre 2015 (Gazz. Uff. n. 303 del 31 dicembre 2015 Serie Generale), in vigore dal 1 gennaio 2016, ha dato attuazione alla legge 18 giugno 2015, n. 95 e alla  direttiva  2014/107/UE del Consiglio,  del  9  dicembre  2014,  recante  modifica  della  direttiva 2011/16/UE  per  quanto  riguarda  lo  scambio  automatico  obbligatorio  di informazioni nel settore fiscale. Dal 1 gennaio 2016 le Autorità fiscali degli Stati OCSE potranno dunque scambiarsi informazioni…

6 febbraio 2017 Dal 7 febbraio sarà possibile per i contribuenti che si sono qualificati fiscalmente residenti in Italia negli anni dal 2004 al 2015 regolarizzare le proprie posizioni detenute all’estero, non dichiarate o riportate in maniera inesatta nel quadro RW degli anni precedenti, utilizzando il nuovo modello di  voluntary disclosure nazionale ed internazionale fornito dall’Agenzia delle Entrate. I contribuenti che si sono avvalsi del precedente modello dovranno ripresentare l’istanza secondo le nuove specifiche, prestando…

October 25, 2016 The Italian Tax Authority, in a press release issued yesterday, has given the green light to adhere to the Voluntary disclosure from October 25, 2016. In fact, the Italian Tax Authority allowed to use the previous appeal model approved last year and to transmit it electronically, by means of licensed professionals. In addition, the professional will send to the client’s account via Electronic Certified Mail a preliminary accompanying report with details of…

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…

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…

July 17, 2015 By releasing the Memorandum n. 27 dated July 16, 2015, the Italian tax authority answers a set of questions asked by professional and intermediaries regarding the voluntary disclosure procedure. Among other topics, the Memorandum explains the cases of a financial position held by a subject different from the beneficiary and by an effective owner (i.e. appointed), on joint-stock companies CEOs and on the treatment of wealth tax on foreign real estate properties…

March 13, 2015 The Italian Tax Authority releases Memorandum n. 10/E dated March 13, 2015, containing the guidelines about the Voluntary Disclosure procedure, clarifying the application field, the fulfillments, the application range and related penalties. For any further information, please contact us.

24/02/2015 Italy and Switzerland have just signed an important cooperation agreement. The agreement modifies the double tax treaty, introducing the automatic exchange of financial information between the two Countries. Such deal will allow the Italian taxpayers, who are likely to apply for the international voluntary disclosure, to benefit from a penalty reduction as a result of the assets repatriation. For any further information, please contact us.