- Autore: Simone Maria d’ArcangeloWith the publication in the Official Gazette of the Prime Ministerial Decree (D.P.C.M.) of May 16, 2018 no. 901, finally, the application provisions of the tax credit introduced by art. 57bis of the Legislative Decree 50/20172 for advertising investments have been notified.
On 19 July amendments to the Federal law “On joint stock companies” (JSC Law) came into effect aiming to fix general principles of internal audit implementation in joint stock companies. Here we describe this and other important changes.
Clarification is expected shortly from the Irish Data Protection Commission (“DPC”) in relation to those data processing activities which require a data controller to conduct a mandatory Data Protection Impact Assessment (“DPIA”) in advance of data processing. Caitlín Love explains why your organisation needs to know about it.
Ministry of Economic Development of the Russian Federation proposed to abolish company winding-up basis that provides for the liquidation of joint stock companies (JSC) and limited liability companies (LLC), while the net asset value is lower than the charter capital amount. For that purpose, the Ministry has developed the draft Federal law “On Amending Part One and Two of the Civil Code of the Russian Federation” (the Bill)1. Furthermore, the Bill also excludes the duty to register charter capital reduction in case of company’s net assets value decrease.
Most involved in the construction industry will at some point have encountered insolvency. Institutionally tight margins and weighted risk-sharing regrettably have pushed and will continue to push companies, particularly on the contracting side, to the wall. Insolvency during live construction projects can be particularly problematic because replacement contractors need to be procured to complete the insolvent company’s works without causing delay to the project programme. This inevitably increases cost.
Based on a recently announced EU directive, your name and any tax advice you have received could end up with the tax authority. From July 2020, tax advisors, or in certain cases the taxpayers themselves, will be required to inform the tax authority of the details of certain tax planning structures that are classified as aggressive under the new directive. And what’s more, the disclosure obligation will apply retrospectively to all structures that taxpayers started implementing after 25 June 2018.
Companies are faced with countless situations where, for reasons beyond their control, they are unable to collect the money owed to them, including its VAT part. In such cases the tax authority often refuses to allow the reclaim of the lost VAT even where this would not incur a loss for the budget. Based on recent judgements by the European Court of Justice (ECJ), however, the VAT should be recoverable in many cases of this kind.
Based on a cooperation agreement executed between FIFA and FIFPro (the World Players’ Union), in autumn 2017, FIFA amended its Regulations on the Status and Transfer of Players, which has had a substantial impact on contractual relationships between clubs and (professional) football players.
Authors: Giorgio Cherubini, Giovanna Canale The article, published in the Eurofenix magazine of INSOL EUROPE,…