The fiscal year 2017 is full of important news related to transfer pricing rules. The 2017 edition of the Transfer Pricing Guidelines mainly reflects a consolidation of the changes resulting from the OECD/G20 BEPS Project.

A great chance is given to companies: the 2017 budget law confirm the “super amortization” process, that gives the possibility to amortize at 140% the new capital goods that Italian companies buy.

The Base Erosion and Profit Shifting Action Plan adopted by the OECD and G20 countries in 2013 recognised that enhancing transparency for tax administrations is a crucial aspect for tackling the BEPS problem.

Italian Law n. 208/2015, having its effect starting from Year 2016, introduced important changes with regard to the Countries considered as “Offshore Financial Centres” or “Tax Heavens”.

Gilberto Gelosa, founding partner of Interconsulting, Treasurer and Secretary of Pragma and responsible of the tax area of the Consiglio Nazionale dei Dottori Commercialisti, which is the main public organization in Italy of Commercialisti, intervened with two speeches at the event "Changes in the Italian tax administration" organized by the Finance and Economy Ministry of Italy.

Small and medium-sized enterprises (SMEs) are the backbone of Europe's economy. They represent the major of all businesses in the EU, and in the past years, they have considerably increased the percentage of employees in the whole territory.

In the context of family businesses, it is common to hear about the possible advantages or benefits of the creation of holding companies, companies whose main purpose is to hold shares in another companies.

In order to attract high skilled subjects the Government provides a tax bonus in favor of those who moved their residency to Italy, the bonus consists of taxable income reduction of 50% for five years.

Three recent Decisions by the Central Economic-Administrative Court have come to unify the criteria regarding the income tax and the VAT on houses leased to companies to be transferred to their employees.

The growing phenomenon of migrations of citizens in and out the EU’s borders has brought as a consequence some significant issues about cross-border successions.

We analyze the most important aspects of the referenced regulation to comment on how to apply for deferrals and splits.

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.