Circulars 8/2011 - The Development Decree of July 2011

The Development Decree of July 2011

Decree Law no.70 of May 13, 2011 (hereinafter "Development Decree", or "Decree"), converted into Law no.106 of July 12, 2011, introduces important innovations in the area of ​​revenue, for the economic revitalization of entrepreneurial activities and on business simplification.

This circular is intended to provide a first overview of the main changes that have taken place, with the aim of providing preliminary information on the new instruments envisaged by the Decree.

Topics index

1. New benefits
   1. Tax credit for scientific research (Article 1)
   2. Tax credit for new permanent job in the South (Article 2)
   3. Tax credit for investments in Southern Italy (art.2 bis)
2. Construction of public works (art.4)
3. Tax simplification (Article 7)
   1. Communications to the withholding agent (paragraph 2 letter e) and i))
   2. Limits for the simplified accounting regime (paragraph 2 letter m))
   3. Suspension of forced execution (paragraph 2 letter n))
   4. Fuel sheet (co. 2 letter p))
   5. Ratio of the amounts registered in the role (paragraph 2 letter u) and u-bis))
   6. Tax and customs warehouses (co. 2 lett. Cc-ter))
   7. Revaluation of land and equity investments (paragraph 2 letter dd) and days))
   8. Judicial suspension (paragraph 2 letter gg novies))
   9. Mortgage registrations (paragraph 2 letter gg decies))
   10. Deductions 36 percent (art.7 co. 2 letter q) and r))
   11. Collection pending judgment (co. 2 quinquies)
   12. Interest on arrears (co. 2 sexies)
   13. Legal interests (co. 2 octies)
4. Renegotiation of mortgages (art. 8 co. 6)
5. Reporting of late payment (Article 8 bis)

Read more