PUBLISHED DECREE OF COORDINATION OF THE DISCIPLINE FOR DETERMINING TAXES ON INCOME WITH THE ACCOUNTING PRINCIPLES OF STATUTORY FINANCIAL STATEMENT
D.M. AUGUST 3 2017
With DM 3.8.2017, published on G.U. 11.8.2017 n. 187, the provisions for the implementation of art. 13-bis of DL 30.12.2016 n. 244 (convention L. 27.2.2017 No. 19), through which the new financial statements introduced by the DLgs. 139/2015 have been implemented also at tax level. The Ministerial Decree identifies the provisions of DM 1.4.2009 n. 48 and of DM 8.6.2011 (some of which have been amended by the same decree with the aim of clarifying the tax relevance of certain accounting records) dictated by IAS entities, which are compatible and thus apply also in reference to entities, other than micro-enterprises, who draw up the financial statement in accordance with the provisions of the Civil Code (OIC entities). In the technical inside, the main novelties in the aforementioned DM 3.8.2017 will be examined and, in particular, the following aspects will be analyzed: i) the principle of enhanced derivation; (ii) the components of income attributable to equity; (iii) financial instruments; (iv) hedging transactions; v) the first registration of credits; (vi) transactions between entities adopting different accounting principles; (vii) classification of properties; viii) provisions; (ix) the "safeguard clause" foreseen in relation to the tax period 2016.