The Italian Government reviewed the rules on TP and provided that in cases of a TP adjustment made abroad by a foreign country, the Italian company involved in the audited transactions can ask to the Italian Tax Authorities to reduce its taxable income.
The Budget Law 2018 established that, starting from 1 January 2019, for the sale of goods and services rendered between residents, established or identified in Italy (and for the relative variations), only e-invoices are issued.
Through the Fiscal Package of 2018 named “local tax incentives”, the Albanian Government has set to intervene significantly on the economic tourism policies. During the last years, tourism has considerably grown in Albania.
This year's annual conference of Pragma, the international network of leading independent law and consultancy firms in over 20 countries, will be held in Boston, the world-renowned center for biotech, education, healthcare and high tech.
Value added tax (VAT) is an important source of tax income for the EU Member States, but every year there is an estimated € 150-160 billion of tax revenue lost due to shortcomings in the VAT system, including fraud.