New year and therefore new fiscal year. And while waiting for future news (changes in real estate taxation, in the tax promotion of emerging companies, tax aid for digitization, ...) we can already highlight the following reforms produced recently, and which we consider to be the most relevant to take into account to be able to make the pertinent economic decisions this 2022 already started:

1. INCOME TAX OF INDIVIDUALS

1.1 Reduction limits in the tax base of contributions and contributions to social security systems

In November 2021 the Italian Government adopted a plan (called PNRR) to cope with the economical downturn due to the Covid 19 infection and to make the best use of the “recovery” funds received by the EU.

Under the Plan, among many other measures, the Public Administration has been authorized to recruit quite a large number of employees, to be hired with contracts for a limited period of time (up to 36 months, subject to be extended in case of need) to assist in the implementation of the PNRR.

It is possible that recently your company and also professional or business individuals have received a notice from the Tax Agency that a change will soon take place in the Enabled Electronic Address that will mean that notifications will no longer be received in the mailbox current and to be received in a different one.

For practical purposes: what does this mean? and What should be done, if anything is to be done?

The articles affected by unconstitutionality are those related to the method of determining the taxable base of the tax, the cornerstone for its calculation, and this, as a consequence, leaves the possibility of taxation practically annulled.

We commented a few months ago, the unfair situation of taxpayers who had acquired a property by inheritance or donation.

As the attention for the environment increases year by year, entrepreneurs and consultants are asked to face a new challenge in the accounting and consulting world: non financial reporting

The Accounting and Auditing Institute (hereinafter ICAC) has confirmed in a query that literally analyzes that the owners will not have to pay taxes for the income not received due to the reductions agreed in the rental contracts derived from COVID-19.

As is well known, the AEAT has its own notification regime in its relations with the companies that is developed through the so-called authorized electronic address (DEH). The mandatory electronic notification system (NEO) consists precisely in the exclusive use for the tax administration of the electronic means to make communications to certain taxpayers in a necessary way, and to others (especially non-business or professional individuals) who voluntarily request it if they wish so. Simultaneously, the DEH allows taxpayers to interact electronically with the Administration.

We summarize the main tax measures modifications appeared in the draft of the General Budget Law of Spain in 2021.