134 results found

Italy's Revenue Agency has issued Resolution No. 7/2026, fundamentally reshaping the VAT treatment of transaction costs in merger leveraged buy-out structures. The ruling addresses whether special purpose vehicles qualify as taxable persons and whether acquisition-related expenses can be classified as deductible preparatory costs, marking a significant departure from previous formalistic interpretations that focused narrowly on shareholding activities.

Following a European Commission complaint by the Italian Association of Chartered Accountants, Italy has aligned its VAT treatment of merger leveraged buy-out transactions with EU law.

With decision no. 22608/2024, the Italian Court of Cassation confirms the deductibility of VAT on transaction costs incurred by the SPV in the context of merger leveraged buy-out (MLBO) transactions.

The Italian government has approved a landmark reduction in VAT on artworks, antiques, and collectibles – from 22% to 5% on art transactions, making it amongst the most competitive rate in Europe.

British businesses doing business in Europe must now finalise their preparations for the final phase of Brexit

From July 1, 2022, the data relating to cross-border transactions must be transmitted to the Italian Tax Authority via the national e-invoicing platform, Sistema di Interscambio.

Italian lawmakers created a legislative decree and are employing incentives rather than penalties to encourage more taxpayers to adopt electronic invoicing.

In the referendum held on 23 June 2016, the United Kingdom voted in favour of exiting the European Union.

Con la Sentenza n. 3755, depositata il 20 dicembre 2023, la Corte di Giustizia tributaria di secondo grado della Lombardia ha legittimato la detrazione dell'IVA...

By Ruling no. 495 of October 5th, 2022, the Italian Revenue Agency accepted a request for VAT refund submitted by an employee (official) of an international body not established in Italy...

Law Decree no. 63/2024 ("Agriculture Decree"), converted into Law no. 101 dated 12 July 2024, introduced new provisions concerning the fiscal treatment of income deriving from the production and sale

Influential City and business organisations have commented on the Prime Minister's Brexit White Paper arising from the Chequers plan.

European Union Regulation No. 2025/517 has implemented the VIDA package – a new set of regulations for value-added tax (VAT), allowing EU countries to impose electronic invoicing requirements...

As of July 1, 2025, Italy has implemented a reduced 5% VAT rate on the sale and importation of artworks, antiques, and collectors' items.

The 2016 Stability Law outlines new time limits for the tax assessment period and new rules relating to mandatory checks by the Italian tax authorities.

Italy is famous not only for its art cities but also for its natural beauty and exquisite cuisine. It is not a surprise that the local hospitality sector has developed....

The choice of flag for yacht registration has evolved from a simple administrative decision into a complex strategic consideration affecting tax efficiency, operational flexibility, and regulatory compliance. With Italy's recent Ddl Mare reform introducing new scrutiny for foreign-flagged vessels and jurisdictions like Malta, the Cayman Islands, and the UK each offering distinct advantages...