2 11 2023

Monitoring of crypto-assets according to the Tax Office

2023-11-02T08:57:15+01:00November 2nd, 2023|Studio associated with Magnaghi Giannotto|

The definitive text of the circular dedicated to cryptocurrencies and crypto-activities has been published: let's see what the fiscal monitoring and compilation obligations of the RW framework are, according to the tax authorities. For crypto-assets other than cryptocurrencies, the obligations only come into force in 2023.

2 11 2023

October inflation: does the race stop?

2023-11-02T08:56:26+01:00November 2nd, 2023|Studio associated with Magnaghi Giannotto|

From the provisional data it seems that the run of inflation marked a first stop in October 2023: the data indicate a mini reduction (-0,1%) compared to September 2023, while compared to 2022 prices grew, but only by 1,8%. As regards the so-called shopping cart, growth is still significant +6,3%, but decreasing compared to +8,1% in September. The decline is mainly due to energy goods whose prices were under strong pressure in October 2022. ...

27 10 2023

Real estate and financial products abroad: increase the withdrawal

2023-10-27T08:44:30+02:00October 27th, 2023|Studio associated with Magnaghi Giannotto|

The assets on properties and financial products held abroad by Italians are increasing. The draft budget bill for 2024 intervenes on the two mini-capital taxes applicable on foreign assets (in particular financial products and real estate) by raising the rate starting from 2024. For the Ivie it goes from the current 0,76% to 1,06%. For Ivafe from the current 0,2% to 0,4%, but only for financial products held in black list countries.

27 10 2023

Information exchange: Switzerland communicates data from 3,6 million reports

2023-10-27T08:43:01+02:00October 27th, 2023|Studio associated with Magnaghi Giannotto|

The Swiss federal administration has released data relating to the exchange of financial information with 104 states, for a total of approximately 3,6 million financial accounts involved during 2023. Compared to 2022, the numbers are growing: the numbers are slightly growing compared to 2022 (+200 thousand reports subject to exchanges) also because Kazakhstan, Maldives and Oman were added to the group of 101 jurisdictions that were involved in the exchanges last year

25 10 2023

Scrapping Quarter: deadline 6 November

2023-10-25T08:34:12+02:00October 25th, 2023|Studio associated with Magnaghi Giannotto|

Ader is reminding all applicants that the payment of the first or only installment expires on Tuesday 31/10/2023 for those who have signed up to the quater scrappage (and do not reside in the areas flooded in the month of May). In the email Ader also reminds us that payments made by November 6th will still be considered timely

25 10 2023

If the inventories differ from the inventory, the inductive assessment starts

2023-10-25T08:31:56+02:00October 25th, 2023|Studio associated with Magnaghi Giannotto|

The inductive analytical assessment with which the total or partial concealment of sales transactions is contested on the basis of the detected differences between final and initial inventories respectively indicated in the financial statements and in the company's inventory book is legitimate. This was established by the Supreme Court with order 26484 of 13 September 2023

8 09 2021

Buying A Property In Italy? What All Should You Know.

2023-04-11T09:24:14+02:00September 8th, 2021|Studio associated with Magnaghi Giannotto|

Buying property is never easy, especially when it comes to tax. There are several taxes to be considered that may vary according to the type of property, its condition, and its purpose. Here are the most important ones you should be informed about. 1. Stamp Duty Stamp Duty is a duty or tax that you might have to pay if you buy a residential property or a piece of land in Italy over a certain price. Want to know about ...

17 08 2021

Who Is A Accountant? And Why Do You Need One?

2023-04-11T09:24:15+02:00August 17th, 2021|Studio associated with Magnaghi Giannotto|

Professionals with a Bachelor's degree in Economics and Business (whose full title is Dottore Commercialista) are individuals recognized by Italian law to have competent knowledge about commercial, economic, financial, tax-related and accounting topics, having previously achieved the proper qualification in the same . An accountant can be responsible towards individuals, companies or non-profits and is responsible for management and liquidation of assets. For startups, sole proprietors, freelancers or established businesses, an accountant's job is job is to make sure that ...

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