A special tax regime has just been introduced in Italy, effective from January 1, 2017, in favor of high net worth individuals who decide to move to Italy. The new resident will be entitled to ask for the application of the ordinary tax regime.

Among the latest e-tail trends is the expansion of online retail operations into physical store locations. Amazon is paying attention and its confidence in the staying power of brick and mortar shops is evidenced by Amazon Go.

In order to overcome the objections raised by the European Commission, the Catalan Government is pushing for a modification of this tax figure in the Law on Measures Fiscal, administrative, financial and public sector.

It was also regulated by a transitional provision when the reversion should occur: basically and simplifying, when the value of equity of the investee at year-end exceeded the value of equity at the beginning. With RDL 3/2016, a new reversal was introduced, which in essence constitutes a minimum annual reversal amount.

The criterion of the Directorate General of Taxes in relation to the deductibility of the expenses linked to immovable properties in expectation of rent is very clear in the scope of the Tax on the Income of the Physical Persons. The criterion of the General Directorate of Taxes, until October 3, 2016, has been more ambiguous.