Circular 6/2013 - European Law

European law

With the approval of Law no. 97 of August 6, 2013 (the so-called "European Law"), the regulations relating to currency tax monitoring have been extensively modified, bringing important changes concerning the reporting obligations on investments abroad and foreign financial activities, the tightening of sanctions and the so-called "Presumptive taxation".

This circular is intended to provide a first analysis of the new regime in the light of the aforementioned regulatory changes.

Index

1. Introduction
2. Obligations for intermediaries
   1. Sanctions
3. Obligations for taxpayers
   1. Taxation
   2. The Annual Declaration
   3. Sanctions
4. Presumptive taxation

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