News and events from the world of taxation
the art. 4 of the Law Decree no. 124 (so-called Tax Decree) converted into law on 18th December 2019, has introduced important changes in regard of Tax withholdings and compensations between “Contracting companies” and “Contractor/Subcontractor Companies”
The usual exporter who intends to avail of the right to purchase goods and services without applying VAT must prepare the declaration of intent and send it to the Tax Revenue Agency. Starting from 1st January 2020, the Legislative Decree 34/2019 (converted into Law 58/2019) has provided for some simplifications on the matter and a tightening of the related sanction regime.
The next 21st of October is the deadline for the payment of stamp duty tax on e-invoices issued on the third quarter of 2019. According to Ministerial Decree of 28 December 2018, infact, “payment of tax related to e-invoices issued in each quarter is due within the 20 of the first following month”. As the deadline would be on Sunday, the payment deadline shifts to 21st of October.
Explanatory notes on 2020 Quick fixes
although the date of 31st October 2019 for the exit from the European Union of the United Kingdom is approaching, the operating methods and the political, social and economic consequences are not yet clear
The next 22 of July is the deadline for the payment of stamp duty tax on e-invoices issued on the second quarter of 2019. According to Ministerial Decree of 28 December 2018, infact, “payment of tax related to e-invoices issued in each quarter is due within the 20 of the first following month”. As the 20 July will be Saturday, the deadline is postponed to the first working day.
The next 23 of April is the deadline for the payment of stamp duty tax on e-invoices issued on the first quarter of 2019
The deadline for payment of the annual tax for corporate books expires on 18 March 2019. The payment obligation refers to the companies, to those in liquidation and to the consortia as well (excluding cooperatives and mutual insurance companies).
In the draft of the 2019 financial bill there is currently no provision for the so-called “super-depreciation”, but only that of the “iper-depreciation”, albeit with some modifications.
Baldazzi Zattera & Associati has joined the ANTEA international network, an association of independent firms present in 60 countries with over 200 offices worldwide, with a strong presence in Europe and Latin America.