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US expats in France: Navigating trust reporting obligations

US expats living in France must comply with their trust reporting obligations. Failure to do so can result in severe penalties. The Ecovis experts know what to do to ensure legally compliant implementation of these requirements. Unlike most common law countries (USA, UK, Canada in particular), French law does not recognise the existence of trusts. […]

Italy implements legislative decree on corporate sustainability reporting

On September 10, Italy published Legislative Decree No. 125/2024, which implements the EU Corporate Sustainability Reporting Directive (CSRD). This new decree introduces comprehensive changes to corporate sustainability reporting, replacing previous regulations. Key updates include expanded reporting requirements, the integration of sustainability information into the annual management report, and a focus on a “dual materiality” approach […]

Tax residence Italy: Revisions to identifying the tax residence of natural and legal persons

As of 1 April 2024, there are new rules on international taxation in Italy, especially concerning the identification of the tax residence of natural and legal persons. This is regulated in Legislative Decree 209/2023. The Ecovis experts explain who will be considered tax residents in Italy in the future. Specifically, article 1 introduces important revisions […]

Land-rich clause Italy: Impact on non-resident investors

Under Article 1 of the 2023 Italian Budget Law, which came into force on 1 January 2023, important changes have been introduced concerning the taxation of indirect transfers (through the transfer of participation) of Italian immovable property, in line with the provisions of Article 9(4) of the OECD Multilateral Instrument (MLI). The Ecovis experts know […]

ECOVIS STLex with ETS Global in European business development

Educational Testing Service (ETS) is a non-profit organization founded in 1947 in the United States. In 2001, ETS set up its European headquarters in the Netherlands in order to promote ETS testing, build and strengthen relationships with education and assessment leaders in Europe, and offer customized assessments. The mission of the group is to promote […]

Superbonus 110 Percent: An interesting Opportunity

The Italian Government has launched a 110 percent tax break. The “Relaunch Decree” increased the rate for the deduction of expenses for energy measures such as building insulation, earthquake protection or the installation of photovoltaic systems. These measures are known as “Superbonus 110%” and apply to work that has been carried out since 1 July […]

Ecovis in Italy