Excluded the recognition to UK banking institutions of the exemption from tax withholding
UK Credit Institutions excluded from the recognition of the exemption from withholding tax on interest and other income deriving from medium/long-term loans.
VAT exemption for educational services by non-residents
With the answer to tax ruling n. 750 published on October 27, 2021, the Italian Revenue Agency clarified that VAT exemption can be applied to the provision of certifications and training services when there is “recognition” by the competent Italian authorities to the non-resident who provides educational services. Clarifications of the IRA Whenever a UK-based […]
Payments from non-resident companies to models and testimonials for photo shooting are treated as self-employment income
The Italian Revenue Agency clarifies that the income that celebrities receive for photo shooting sessions are considered self-employment income.
Tax treatment of the employment income received by a non-resident working from home in Italy
In response No. 626 of the Italian Revenue Agency published on 27 September 2021, clarifications were provided regarding the tax treatment of employment income received by a non-resident who, due to the epidemiological emergency, has been working in Italy and in smart working for a foreign company. Applicability of double taxation The employment income produced […]
Smartworking and the Application of Conventional Salaries
The Italian Revenue Agency provided clarifications on the application of conventional salaries for employees who work in smart working.
Smartworking: the income must be taxed based on the tax resident and Country where the worker is
Clarifications of the Italian Revenue Agency with regard the correct tax treatment that an Italian Company must pay to its employee, resident abroad.
Compliance of withholding agents for a foreign non-resident entity
The Italian Revenue Agency further clarifies the compliance of withholding agents for a foreign non-resident entity.
Payment of wages without traceable instruments: excluded the application of the cumulation of penalties
Note 606 of the INL of April 15, 2021 confirms that the cumulation of penalties does not apply to fines.
Conventional Remunerations 2021
Updated the table of conventional remunerations for workers abroad with the Decree of the Ministry of Labour and Social Policies published in the Gazzetta Ufficiale on 7th of April 2021.