Within the framework of the Budget Law for 2023, in force as of 1 January 2023, specific provisions dealing with the tax profiles of Crypto-Assets have been introduced in the Italian legal system. Until then, in the lack of specific rules set for by the
Italy has not enacted an own specific legislation on the matter of trusts. However, on certain conditions, trusts are fully recognised in the Italian legal system as a result of the ratification of the the Hague Convention, come into force on 1 January 1992.
With judgement no. 25698 of 1 September 2022, the Italian Supreme Court made important clarifications concerning the income tax treatment of foreign dividends perceived by Italian resident individuals.
The ongoing digitalization of the economy has undoubtedly allowed individuals to carry out work activities from their home without being physically present in an office, and in some cases to live in Countries where their employer has not a formal presence.
Some legislative provisions have introduced relief measures to partially offset the higher cost borne by companies for the purchase of electricity and gas; they are summarized below:
Content of the new provision
The Ministry of Tourism, with the provision 23/12/2021 has clarified several aspect of the benefits to companies in tourism industry, about eligible costs and timing of the procedure.
All companies in tourism industry and in particular:
It has been approved by the Council of Ministers a Law Decree introducing urgent measures in the field of health, support to work and economy, as well as social policies, related to the epidemiological emergency from COVID-19 following a proposal made by the President of the Council of Ministers, Mr Giuseppe Conte, and the Minister of Economy and Finance, Mr Rober
Yesterday evening, the President of the Council of Ministers signed and then illustrated the new decree (DPCM) regarding the containment and management of the epidemiological emergency caused by Coronavirus, valid from May 4th 2020 and for the following two weeks.
The Italian Council of Ministers, upon proposal of the Italian President Giuseppe Conte and the Italian Minister of Economy and Finance Roberto Gualtieri, approved, on 08.04.2020, the decree law no. 23 (the so-called "Decreto Liquidità” i.e.
Further to President Giuseppe Conte and Minister of Economy and Finance Roberto Gualtieri proposal, the Council of Ministers has approved a Decree Law introducing urgent measures regarding access to credit and deferral of obligations for businesses, as well as special powers in legal and strategically important sectors.
The COVID-19 crisis is causing governments around the world to rapidly respond in order to provide economic relief to businesses and individuals. On a daily basis, global policy changes are being proposed and enacted related to extending filing deadlines and providing tax cuts and incentives.
Law decree 18/2020, in order to cope with the crisis that Italian companies are facing due to the spread of the COVID-19, has provided in art. 56 for financial support measures in favour of micro, small and medium-sized enterprises.