On 23-24 January, the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting met. The jurisdictions agreed to step up efforts toward reaching a global solution on how to best tax multinational enterprises in a rapidly digitalising economy.

On 23-24 January, the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting met. The jurisdictions agreed to step up efforts toward reaching a global solution on how to best tax multinational enterprises in a rapidly digitalising economy.

With the Law Decree n. 34 dated April 30, 2019, the Italian Government has just modified the tax special regimes provided in favor of researchers and lecturers (see my previous article of 2017) and other “incoming” people who decide to move to Italy. The above mentioned tax regimes are granted in order to encourage the scientific and technological development in Italy and “incoming” of human capital and provide important tax exemption from IRPEF (Italian personal income tax) and IRAP (Italian regional income tax) purposes.

According to Italian tax law, some specific incomes are taxable in Italy through a substitute withholding tax when are paid to foreign beneficiaries.

According to article 6 of the tax treaty in force between Italy and France “income from immovable property, including income from agriculture or forestry, may be taxed in the State in which such property is situated”.

Actually, the above mentioned services – when supplied to non-taxable persons of member States - are subject to VAT in the member States of the client.

The Netherlands has been tried and tested as an internationally accepted and widely used jurisdiction to establish investment holding platforms.

When we last looked at tip pooling at restaurants and who would be permitted to be included, the laws and regulations were in flux.  Since then, the Tip Income Protection Act of 2018 was signed into law.

Cyprus Cabinet approved a series of changes to the Cyprus Investment Program, based on which, non–Cypriot entrepreneurs/ investors and members of their families may submit applications for partaking in the Program.

Detaching an employee is a temporary change in the employer’s job at another employer, according to the definition provided by law.

Italian Government has just introduced a new definition of countries with privileged tax status, effective from the fiscal year starting after the fiscal year in progress

A special tax regime has been just introduced in Italy, effective from January 1, 2019, in favor of retired individuals who receive a foreign pension, decide to move in Italy.

Effective from the fiscal year starting after the fiscal year in progress to December 31, 2018 (i.e. from January 1, 2019 for calendar year companies), new Italian CFC rules were introduced.