The Summer Maneuver 1: the Buildings
We inform you that the Law Decree n. 223 of 4 July 2006, published on the same date in the Official Gazette no. 153 (Decree) and converted, with amendments, by law 248 of 11 August 2006, published on the same date in the Official Gazette no. 186, concerning "Urgent provisions for the economic and social revitalization, for the containment and rationalization of public spending, as well as interventions in the field of revenue and against public evasion", (the Summer maneuver) introduced, in particular , significant news regarding income taxes and other indirect taxes. .
With this work, also taking into account the indications provided by the Revenue Agency with circular letters no. 27 and 28 of 4 August 2006, it is intended to provide a first overview of the main changes that have occurred. First of all, the innovations introduced in the field of real estate will be analyzed and with subsequent specific circulars we will deal with the innovations in the field of:
VAT in general; - foreign companies and non-operating companies; - business income; - self-employment income; - new terms and methods for ascertaining and for transmitting declarations and payments; - IRES and IRAP advances for 2006. Obviously, this work does not aim to be exhaustive, but only to provide concrete preliminary information on the new tools envisaged by the decree, which may be the subject of further investigation during the application. Unless it is otherwise inferable from the text, "article / s" and its abbreviations mean the articles of the Decree, as resulting from the conversion law. Read more