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Italy

As local and international tax regulations become more prescriptive, dealing with them in a cross-border context may present you with significant challenges. The number and complexity of tax investigations conducted by authorities, both in Italy and abroad, is rapidly escalating and the need for tax assistance is rising accordingly. Our preeminent Italian team, together with CMS’ group, which counts over 350 professionals, provide tailored counseling for your business.

We aim for long term economic success for you. Our team offers far sighted solutions and aims to help you develop robust structures that maximise tax effectiveness in alignment with your commercial strategy.

Whether you are a financial institution, a multinational, a local Italian company, a fund or an investor, we understand your business and the tax pressures you may face. Our teams work together in Italy and beyond, in key areas affecting your business. Our experience includes assisting in the whole spectrum of tax related issues including VAT, international taxation, transfer pricing, e-commerce, M&A and investment funds, tax planning and financing. Our experts can help you manage tax control cases and deal with Italian tax authorities as well as managing tax litigation cases. The right tax advice can make a material difference to transaction costs and, in some cases, avert serious consequences. Out Italian team can assist you in complex transactions analyzing issues from every angle in order to find the best possible solution for you.  

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07 January 2021
The Itali­an Rev­en­ue Agency broadens the tax defin­i­tion of "reg­u­lated mar­kets"
The Itali­an Rev­en­ue Agency (“ITA”), with Cir­cu­lar Let­ter no. 32/E, 24 Decem­ber, has prop­erly defined the no­tion of "reg­u­lated mar­kets" in the field of in­come tax. The cri­ter­ia for identi­fy­ing reg­u­lated...
05 January 2021
2021 Budget Law Main Tax Top­ics
Con­tents1. Sus­pen­sion of pay­ments for the am­a­teur sports sec­tor (Art­icle 1, para­graphs 36 - 37)2. VAT on ready-made meals (Art­icle 1, para­graph 40)3. Ex­ten­sion of the re­align­ment of the value of cor­por­ate...
30 December 2020
Stock sav­ings plan and Brexit: Brit­ish stock and some oth­er fin­an­cial in­stru­ments...
As a res­ult of Brexit, both stock or UCITS by a Brit­ish is­suer are dis­qual­i­fied and some EU-based UCITS funds’ un­der­ly­ing Brit­ish fin­an­cial in­stru­ments may also be so. Such a dis­qual­i­fic­a­tion may lead...
23/12/2020
CMS al fianco di Coty nella strut­turazione della vendita del ramo Pro­fes­sion­al...
CMS – tra i primi 10 studi leg­ali a liv­ello in­ternazionale - ha coad­i­uvato lo stu­dio amer­icano Skad­den Arps nell’am­bito dell’im­ple­mentazione de­gli as­petti op­er­ativi tesi alla ri­or­ganizza­zione in...
23/12/2020
Tax dis­pute res­ol­u­tion mech­an­isms in the European Uni­on
On Decem­ber 17, 2020 the Rev­en­ue Agency pub­lished the reg­u­la­tion provid­ing some op­er­at­ing pro­ced­ures con­cern­ing some spe­cif­ic pro­vi­sions of the Le­gis­lat­ive De­cree no. 49/2020 that en­acted the Dir­ect­ive...
22 December 2020
The Itali­an Rev­en­ue Agency opened the pub­lic con­sulta­tion on the draft...
The Itali­an Rev­en­ue Agency pub­lished the draft reg­u­la­tion on di­git­al ser­vice tax, in­tro­duced by the 2019 Budget law and in force start­ing from the 1st of Janu­ary 2020. The long-awaited reg­u­la­tion defines...
22/12/2020
OECD takes ac­tion on Cov­id-19 and trans­fer pri­cing
The chal­lenges of COV­ID-19 emer­gency on the in­ter­na­tion­al tax com­pli­ance of the Mul­tina­tion­al Groups are ad­dressed by the re­cent pub­lic­a­tion “Guid­ance on the trans­fer pri­cing im­plic­a­tions of the COV­ID-19...
18 December 2020
The Itali­an Rev­en­ue Agency opened the pub­lic con­sulta­tion on the draft...
The Itali­an Rev­en­ue Agency pub­lished the draft reg­u­la­tion on di­git­al ser­vice tax, in­tro­duced by the 2019 Budget law and in force start­ing from the 1st of Janu­ary 2020.The long-awaited reg­u­la­tion defines...
17 December 2020
DAC 6 - Itali­an Guidelines
As an­ti­cip­ated in our “Italy im­ple­ments the DAC 6 Dir­ect­ive” Alert dated Au­gust 27, 2020, Min­is­teri­al De­cree of Novem­ber 17, 2020 (the De­cree) and Rul­ing 364425 of Novem­ber 26, 2020 is­sued by the...
26 November 2020
News on the Itali­an trans­fer pri­cing doc­u­ment­a­tion
On Novem­ber 23, 2020 Italy in­tro­duced rel­ev­ant amend­ments to the rules gov­ern­ing the trans­fer pri­cing doc­u­ment­a­tion re­quire­ments (Ad­min­is­trat­ive pro­vi­sion of the Itali­an Rev­en­ue Agency n. 360494 – the...
24 November 2020
Tax re­gime of for­eign in­vest­ment funds equated to Itali­an funds
The cur­rent Itali­an do­mest­ic rules provide for the ex­emp­tion from cor­por­ate in­come tax only for di­vidends and cap­it­al gains re­ceived by in­vest­ment funds es­tab­lished in Italy, while those re­ceived by in­vest­ment...
16 November 2020
CMS: the Tax and Trans­fer Pri­cing de­part­ment grows with the ar­rival of...
16 Novem­ber 2020 – CMS - among the top ten in­ter­na­tion­al law firms - strengthens the Tax de­part­ment with the ar­rival of Mario d'A­vossa and 5 oth­er pro­fes­sion­als of its Trans­fer Pri­cing team.Mario d'A­vossa...