Voluntary disclosure, the terms for the extension request – Il Sole 24 Ore

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This article was published September 29, 2015 at 21:03.

VOLUNTARY DISCLOSURE: EXTENSION OF THE DEADLINE FOR REQUEST
The deadline for joining the voluntary disclosure slide to 30 November with possible integration of the instance by 30 December. The extension, says the Government, in the presence of a very large number of membership applications pending, meets the need to recognize more time to complete the formalities. In addition, it is also planned for those who have already submitted the application before the date of entry into force of this decree, the ability to produce the relevant documents by 30 December. Il Sole 24 Ore of Wednesday, September 30 all the insights on the extension of the operation voluntary disclosure and the indication of how to proceed using the extension of time.

PRACTICAL GUIDE TO TAX REFORM: NEWS ‘ON REPENTANCE
Wednesday, September 30 also continues the appointment with the Practical Guide to Tax Reform that the 5th episode focuses on repentance, or the correction of violations to the tax authorities. Thanks to tax reform repentance is cheaper and faster, with discounts for those fixes within 90 days. The pages of Sole 24 Ore dedicated to tax reform to clarify who is this benefit and how it intertwines with the rules of repentance long.

THE PERFORMANCE OF BTP DECADE LOW
The yield of ten-year BTPs, yesterday, has stabilized around 1.72%. A rate far cry from the end of 2011. In the now famous November of that year, in fact, the title of the Italian State had achieved, under attack of speculation, the peak of 7.48%, ie, about 576 basis points more than now. A universe completely opposite from the current one where Italy, of course, has had to contend with considerable problems, including interest payments on its debt, which, gradually the situation has been improving, fell. How much? It ‘easy to say. In 2012 the beautiful country has paid a bill for interest expense of 84 billion. In 2013 they came to 77.9 billion, then, fall further to 75.18 in 2014. On 2015, finally, the estimate is about 70 billion in interest. The outlook for Italy and for taxpayers are analyzed by the Sole 24 Ore of Wednesday, September 30

NEW TAXES FOR BUSINESSES: THE INTERNATIONAL BUSINESS, TAXATION LIGHTER
The legislative decree 147 of the internationalization and growth of companies is a far-reaching measure that seeks to make certain the tax rules for companies trading internationally. Certainty of rules that goes with the need for the national legislature to adjust the domestic legal system to the EU and OECD developments and the case law of the European Court of Justice. Another distinctive feature of the decree – the subject of extensive analysis in this guide – is that of simplification; just think of the elimination of mandatory set of engaging in matters of foreign subsidiaries (CFCs). But the primary objective and more “daring” is to increase the competitiveness of Italian companies: a significant example of this is the introduction of the exemption of income from foreign permanent establishments (branches exemption) that removes a competitive disadvantage of Italian companies compared to international competitors. Are also eliminated standards deteriorate before present in our system and that are unrivaled in the international scene: the case deductibility of costs blacklist. Wednesday, September 30, the focus of the Sole 24 Ore explores all aspects of the measure for the internationalization that has certainly positive aspects for Italian companies.

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