Tax and Revenue Law

Second Year of Obligation of the Informative Declaration of Related Operations

During November, companies that closed the fiscal year 2017 in December, must present the model 232 of informative declaration of related operations and of operations related to countries or territories considered as tax havens.

Andorra: Reorder a Personal, Corporate or Societal Heritage at Zero Cost

With Andorran tax regulations, there was a subject that had been postponed: what happened if you wanted to reorganize an estate? Then it happened that there being no special regulation, applied general taxation.

The Controversy of VAT Deduction in Vehicles Affected by Activity; a Step Forward to Demonstrate its Total Impact

To settle objectively the deduction of VAT contributions on vehicles "affected by business activity", the legislator considered as a valid percentage a lump sum of 50% deduction. But left the door open to a possible deduction higher or lower.

Where Does Pilots Resident in Italy Should Pay Taxes?

Many pilots moved to Italy with their family or started to work for foreign airlines established abroad. One of the most important questions they put is “where do I have to pay my taxes?”

Social Security Contributions Paid by the Employer and the Employee

Bosnia and Herzegovina is a republic but due to the complexity of its regional units, Bosnia and Herzegovina does not function as a republic. It is composed of two entities and a district, i.e. the Federation of Bosnia and Herzegovina (51% of the territory), the Republic of Srpska (49% of the territory) and the Brcko District (which was the subject of disputes and international arbitration and then finally recognized as a district).

Perhaps one of the reasons why Ronaldo moved to Italy … Italian “Flat Tax” for New Residents of max 100.000€ yearly

In the last years, Italy has become interesting also for tax purposes. Some retired people decide to move to Italy to spend the last years also because our inheritance tax legislation is appreciable and others take advantage of some special tax legislation provided for resident workers who move from abroad.

New Rules for Transfer Pricing Tax Audit

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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.