Tax

Tax matters require careful and expert assessment of both the opportunities and risks. Thanks to our experience, not only in advisory but also in tax disputes, we can help you with international taxation, income taxes, transfer pricing, VAT, M&A, and financial tax matters.

We will be right by your side to identify the best tax strategy in your dealings with the tax authorities, in official enquiries and international rulings, as well as during tax audits and tax settlements and disputes, supporting you all the way to the Italian Supreme Court, if need be.

It doesn’t matter if you are a company or an individual with particularly pressing tax issues, such as generational transfers and complex assets management – we’ll be with you every step of the way.

 

Here’s what sets us apart

  • Our team of experts have the same level of specialisation as leading boutique firms and are supported by our legal experts. This approach offers clear advantages for our clients and makes us unique in Italy
  • Our transfer pricing practice is one of the most renowned throughout Italy
  • We rely heavily on our Best Friends network in international tax matters and, as a united group, have received numerous European awards (International Tax Review European Awards). Together we can support your cross-border transaction, keep you up to date on European tax issues, and provide you a comprehensive service across the whole of Europe

Case Studies

Egypt’s medium-term tax policy is materialising – how far does it go and what more to expect?

Since the agreement with the IMF in December 2022, the Egyptian authorities have introduced significant changes to tax policy and tax administration – and even more important changes are on the way. In this context, it is essential to be able to liaise with the highest levels of the MoF in or …

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New rules on the taxation of the establishment of rights in rem (diritti reali di godimento): impact on RES plant construction costs

The Budget Law entered into force on 1 Jan. and introduced an important change to the tax regulation on the establishment by non-business entities (e.g., simple agricultural partnerships (società semplici agricole)) of rights in rem – other than usufruct – over real estate on which RES pla …

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Enhanced regulation on transfer pricing

At the beginning of the year, Implementing Directive 981/2024 containing transfer pricing rules came into force. It will hopefully remedy the legal and practical gap in the enforcement of transfer pricing rules in Ethiopia. The directive reiterates all the provisions of the previous directiv …

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The UAE issues its Corporate Income Tax law

The UAE Federal Tax Authority has published Federal Law Decree No. 47 of 9 December 2022 on the Taxation of Corporations and Businesses (“CIT Law”), which sets out the legislative basis for the introduction of a UAE federal corporate income tax. The long-awaited CIT Law will be effective …

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UAE amends VAT law

Over the last two months, the Federal Tax Authority (FTA) has issued some major changes to the tax rules, including Federal Decree Law 18/2022, which is the first amendment to the VAT law since its introduction in 2018, and Cabinet Decree 99/2022, which amends the executive regulations on the V …

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Latest developments in transfer pricing: the new regulation on transfer pricing documentation

On 23 November 2020, Regulation No. 360494 (“2020 Regulation”) was issued, which sets out the new rules on transfer pricing documentation requirements. It replaces the previous Regulation No. 137654 of 29 September 2010 (“2010 Regulation”) and is effective as of the current tax year. …

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Comments on the OECD discussion draft regarding the "Unified Approach"

The OECD has published in October the discussion draft on the proposal of "Unified Approach", the envisaged new framework for determining the attribution of profits among the different jurisdictions where multinational enterprises act. BonelliErede has contributed to the global discussion on …

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BonelliErede comments to the OECD consultation document on the tax challenges of the digitalization

Supranational organisations (OECD), the European Union and European governments are trying to address the tax challenges of the digitalisation. However, it is proving extremely difficult to find a common, multilateral solution, due to the divergent interests of the countries involved. Indeed in …

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LBOs (mergers) and deductibility of interest expenses: interesting developments with Italian Supreme Court decision of July 2018

On July 2018 the Italian Supreme Court stated that A limited company may deduct interest expenses without assessing whether they are connected to the business activity. This Circular is relevant for all the private equity firms, as it seems to protect newcos (and/or the company resulting fr …

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OECD Discussion Draft on Financial Transactions - BonelliErede comments

In the context of the public consultation launched by the OECD (Organisation for Economic Co-operation and Development) on 3 July 2018 on the transfer pricing aspects of financial transactions, BonelliErede and Valdani Vicari & Associati provided to the Tax Treaties, Transfer Pricing and Fi …

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Insights

BonelliErede appoints new board and makes up seven partners - 20 December 2023

At BonelliErede’s partners’ meeting on Saturday, 16 December, the partnership appointed the firm’s new board and made up seven new partners. As announced in October, close to the expiry of the current board’s mandate, a new board was appointed whose members are: Riccardo Bordi, Eman …

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BonelliErede expands its partnership: six new partners announced - 19 December 2022

On 17 December, BonelliErede’s partners’ meeting approved the promotion to partner of six of the firm’s managing associates: Livia Cocca, Francesco Casamassa, Gianpaolo Ciervo, Daniele Gambirasio, Giulio Mazzotti and Giovanni Minuto. Livia Cocca joined BonelliErede’s Milan office in 200 …

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BonelliErede, Cometa Formazione scs and ITA2030 together for a job placement office for Ukrainian refugees, with the support of the Municipality of Milan - 13 June 2022

Today the job placement office for Ukrainian refugees that opened its doors on 10 May is being officially inaugurated at BonelliErede’s office in Via Marostica. The office, known as the Help Centre, has already helped many refugees find work. The idea was devised by BonelliErede, leader in le …

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