Problems with Transfer Pricing and MAPs in Italy? Our Italian Chartered Accountants will be pleased to help you in case you need tax advice and consultancy. Contact us on www.monzalegal.com Transfer Pricing is probably the most burning tax issue for multinational companies. As Mutual Agreement Procedures (MAPs) are one of the most important instruments…
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Third-party motor liability insurance in Italy
The Third Civil Division of the Italian Court of Cassation decided that under sentence 3100 of 2/2010, in Italy third-party motor liability insurance must cover damages caused by a car in flames, even if the car does not have a policy against fire and theft. Old sentences overturned: although previous sentences distinguished between a stationary and…
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The spouse not providing for children maintenance must prove the critical financial conditions
In Italy, the duty to financially support children must be carried out by parents, whether or not they are facing financial difficulties, such as unemployment. Therefore, the spouse cannot use this as justification for non-compliance. According to the Italian Court of Cassation (sentence n. 12308 of 14th march 2014), the parent shall give evidence to…
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The ex-husband shall pay alimony even if he created a new family
Court of Civil Cassation, sentence n.9661, 6th May 2014. The Italian Appeal Court judge, during a divorce proceeding, reiterated the obligation (already sentenced in the proceeding of first instance) for the spouse to pay alimony to the unemployed ex-wife. The husband complained for violation of the law in the Court of Cassation and nonsense of…
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The acquittal of Amanda Knox overturned by the Italian Court of Cassation
On the 26th of March 2013, the Court of Cassation (the Italian highest criminal court) overturned the acquittal of Amanda Knox in the slaying of her British roommate and ordered a new trial (By Avv. M.Vaira) The Supreme Court ruled that an appeals court in Florence must re-hear the case against the American and her…
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Text messages and phone calls may be considered a form of stalking in Italy
Italian Court of Cassation – sentence 11th February 2013 n.6384 In Italy, text messages and phone calls may be considered as stalking if they result in a «permanent state of anxiety and fear». The Italian Court of Cassation accepted the Republic of Brescia Prosecutor’s appeal against a ruling of the city Court of Brescia which…
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Taxation of financial assets and income
Since 2012, in Italy rules on taxation of financial assets and income have changed significantly: on the one hand, modification of rates led to a more uniform taxation of the various financial instruments, on the other hand the continuous revision of stamp duties caused uncertainties in their interpretation. Herebelow you can find some tips for…
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Successions in Italy
When someone dies, Italian Law governs over all the relations of the deceased. The branch ruling over such relations is called norms about successions in Italy. Regarding the financial side, each individual has the right to decide over the destination of their own estate “for the time they deceases and onward” (Article 587). This is…
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Succession fees and inheritance tax in Italy
(updated in 2012) Inheritance tax has undergone many changes in Italy in recent years. Please find below an overview of recent reforms and current law which will be of interest to any non-Italian involved in administration of wills, probate or any inheritance-tax related issues concerning inheritance in Italy. Succession fee In Italy, the fee…
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Simplification of health and safety compliance for Italian small and medium enterprises (SME)
The Ministry of Labour and Social Policies in Italy, with a communication dated 18th Feb.2014, made known that the Ministry signed a decree that will simplify the procedure for small and medium enterprises determined to adopt a model of workplace safety and security organization and management, in order to prevent crimes derived from the violation…
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