Law No. 234 of 30 December 2021 (hereinafter “2022 Budget Act”) was published in Italian Official Journal no. 310 of 31 December 2021 and became effective on 1 January 2022.

Major new tax provisions are recapped in the file attached.

On 20 December 2021, Law no. 215 of 17 December 2021 was published in the Italian Official Journal. It converted into law, with amendments, Decree Law no. 146 of 21 October 2021 which introduced effective 21 December 2021 a new reporting requirement aimed to serve as “monitoring and fight against forms of avoidance of regulations” in the employment of occasional self-employed workers.

On 11 January 2022, by Note ref. 29/2022, the National Labor Inspectorate (hereinafter “NLI”) defined operating instructions for employers that need to comply with such requirement.

Instructions are summarized in the file attached.

On 20 December 2021, Law no. 215 dated 17 December 2021 was published in the Italian Official Journal. It converted into law, introducing amendments, Decree Law no. 46 of 21 October 2021 on urgent tax and economic measures to protect employment and for non-deferrable needs.

Major changes introduced by the Law are described in this paper.

Decree Law no. 146/2021 so-called “Tax Decree” (hereinafter also “Decree”), on “Urgent

measures in tax and economic matters, to safeguard employment and undeferrable needs”,

was published in Italian Official Journal No. 252 dated 21.10.2021 and was enacted on 22 October 2021.

Major new provisions on tax matters are recapped below.

LaThe Law converting Law Decree no. 41 of 22/03/2021 (hereinafter “Law 69/2021”) was published in Italian Official Journal no. 120 dated 21 May and came into force on 22 May 2021.

The attached table recaps major new provisions.

The COVID-19 epidemiologic emergency recently lit a broad debate on the patent protection of Covid-19 vaccines.

The issue was first raised by India and South Africa, which asked the World Trade Organization (WTO) to take a decision to lift the application of the regime of patents and other intellectual property rights related to vaccines.

From 1 March 2021 to 31 March 2021 taxpayers may file the notification to benefit from the tax credit on investments in advertising campaigns, so-called “advertising bonus”, made or that will be made in the year 2021.

The “Notification to benefit from the tax credit” has to be submitted to the Department for Information and Publishing of the Presidency of the Council of Ministers through the online services made available by the Revenue Agency.

Submitting this notification fulfills the function of “making a reservation” for the bonus. Investments must be confirmed by transmitting an “Affidavit of actual investments” from 1 January to 31 January of the following year.

Businesses, the self-employed and noncommercial entities are eligible for the benefit in connection with investments in advertising campaigns on the daily and periodic press, including on digital media, and on local television and radio broadcasters.

The attached file describe the specific features of the tax credit for the year 2021.

Law no. 178 of 30 December 2020 (hereinafter “2021 Budget Act”) was published in Italian Official Journal no. 322 dated 30 December 2020 and became effective on 1 January 2021.

The following paragraphs concisely recap major new tax provisions.

On 23 November 2020, the Revenue Agency published Regulatory Provision no. 360494, with which it implemented Art. 8 of Min. Dec. 14 May 2018 requiring the revision of regulations on transfer pricing documents. This Regulatory Provision radically changed the manner of preparing transfer pricing documents appropriate to ensure penalty protection to taxpayers.

The attached paper briefly recap the provisions of this Regulatory Provision.

Law Decree No. 137 dated 28 October 2020, called “Compensation Decree”, includes additional urgent measures on the protection of health, support of workers and companies, justice and safety, connected to the Covid-19 epidemiologic emergency. The text of the Decree was published on Italian Official Journal no. 269 dated 28 October 2020 and came into force on 29 October 2020.

This paper recaps more interesting provisions.

Businesses, artists and professionals, non-commercial entities including third-sector entities and religious entities recognized for civil law purposes, are eligible for a tax credit for costs incurred in 2020 to sanitize and for the purchase of personal protection equipment (PPE).

In this paper is about terms for communication and how to use the tax credit.

Businesses, artists and professionals, that operate in places that are open to the public, i.e., only the ones listed in the specific list based on the ATECO 2007 classification, and associations and foundations and other private entities including third-sector entities, are eligible for a tax credit for works and investments needed to comply with health requirements and measures to contain the spread of the Covid-19.

In this paper is about terms for communication and how to use the tax credit.

Law no. 40 of 5 June 2020, published in Italian Official Journal no. 143 dated 6 June 2020, converted into law with amendments DL 23/2020, the so-called Liquidity Decree. New provisions introduced upon conversion include amendments to the write-up of company assets and shareholdings under art. 6-bis “Provisions to support the hotel and spa’s industries” and art. 12-ter “Provisions on corporate assets” (which applies to all other companies).

The Relaunch Decree supplements, revises and amends under several perspectives the provisions on employment management in the Heal Italy Decree.

In this paper, you fill find the main new provisions. 

Law Decree no. 34 of 19 May 2020, so-called “Relaunch” Decree, sets out urgent measures on health, support to employment and the economy, and social plans connected to the COVID-19 epidemiologic emergency.

In this paper, you fill find the main new provisions.

On 24 April 2020, the “Shared protocol regulating measures to fight and contain the Covid-19 virus in work environments” (the “Protocol”) was revised. The implications on personal data are illustrated in this newsletter. 

Suspension of tax and social securities payments under the "Cura Italia" Decree.