The change The Italian Legislative Decree n. 156/2022 amended article 301 of the TULD (Italian Consolidated Text of Custom Laws), allowing the possibility of equivalent value confiscation for the offence of smuggling when it is not possible to proceed with the direct confiscation of the product or the profit of the crime. The introduction of […]
On the 10th of May 2023, IVASS Provision No.131/2023 was published on the website of the Institute for the Supervision of Insurance. This document contains amendments and additions in the field of sustainable finance to the following four regulations in order to bring the Italian secondary legislation in line with the already directly applicable European […]
From a fiscal point of view, careful attention should be paid to VAT issues. When purchasing from an Italian shipyard, the general rule is that the price is subject to 22% VAT. However, there are some specific cases in which it is possible to take advantage of Legal non-taxable regimes . In particular: ■ In […]
With provision no. 112, as of 30 March 2023 the Italian Data Protection Authority (GDPA – The Guarantor for the protection of personal data in Italy) ordered the immediate temporary limitation on the processing of all personal data of the interested parties concerned in the Italian territory on the ChatGPT platform, the intelligent chatbot developed […]
INTRODUCTION The construction and purchase of yachts in Italy is a rather complex procedure from a legal and fiscal point of view. For this reason, in order to ensure the best possible experience, it is advisable for the buyer to be assisted by experts in Italian maritime law and taxation in order to minimise the […]
The Insurance sector adopts a Decarbonisation ‘Road Map’. The Net Zero Insurance Alliance (NZIA) an agreement between major Global Insurance companies signed within the UN framework, published the first Protocol in defining objectives for a Low-Carbon Economy on the occasion of the annual meeting of the World Economic Forum in Davos Switzerland. The Alliance , […]
The Financial Stability Board has published the Global Monitoring Report on Non-Bank Financial Intermediation (NBFI), which analyzes developments in the sector recorded in 2021. The Report describes general Financial Intermediation trends in 29 jurisdictions which account for around 80% of global GDP, focusing attention on NBFI activities that may be more likely to create vulnerabilities. […]
Foreign investors planning to purchase a farmhouse with agricultural property in Italy (such as country houses with vineyards or olive trees) may avail themselves of a special regime offering significant tax advantages and financial benefits and incentives, both at the moment of purchasing the land and when running it thereafter. In more specific terms, this […]
With the judgments of the Lazio Regional Administrative Court (TAR Lazio) no. 897/2023 (SNA – National Union of Insurance Agents vs. IVASS) and no. 10656/2022 (U.A.A – Union of Axa Agents and G.A.Z – Zurich Group of Agents vs. IVASS), the Preventivass case has been partially settled. Preventivass is a Web App developed with the […]
IVASS has launched a new series of statistical bulletins aimed at reporting some relevant trends in the Italian insurance market. The first bulletin focuses on the main indicators set out in the Solvency II. In particular, the most relevant information included into the first Bulletin are that: The average solvency ratio fell down to 247% […]
