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.
Singapore Government has introduced a new round of changes for tax rebates and incentives with the Budget Statement for the year of assessment 2018, forecasting in the meanwhile a gradually reduction for the next future.
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.