Italian VAT registered firms are required since 2011 to submit an annual declaration - with the data of all domestic sales and purchases - using the internet channel of the Italian Revenue Agency, the so called “spesometro”.

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.

Tax justice statistical data show that during last year (2016) the amount of “pending litigations” is considerably lowered with respect to 2015. In details, the most relevant decrease concerns “small value” tax litigations.

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”.

The grounds for these payments are for the farmer or landowner to receive an appropriate compensation for the occupation of their lands and the damages caused to the activities (i.e. farming) performed in those lands.

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.

The Italian legislator has finally removed the VAT legislation gap between Italy and the most part of the EU countries. The new Italian VAT regime arise from a specific option rendered by the EU legislation since 1979.

Frequently the European headquarters that own directly a company based in Italy asked “why the balance sheet is not ready?”.

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.

The possibility of limiting liability by allocating just a part of the estate to a particular business was one of the major successes of the legal development in the tradition of Roman law.

A special tax regime has been introduced in Italy, effective from January 1, 2017, in favour of high net worth individuals who decide to move in Italy and meet specific conditions