Terrin e Associati consulenza fiscale e legale
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Shareholder loans and financial statements: directors cannot arbitrarily change the nature of line items

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R&D tax credit: the Frascati Manual cannot be applied retroactively

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Mergers between religious entities: the Revenue Agency clarifies the tax treatment and the transitions between institutional and commercial spheres

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Reduction of assessment terms: ruling no. 77/2026 recalls when the benefit applies

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ETS: Updating RUNTS Data on Members, Volunteers, and Employees by June 30

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Control bodies to be appointed for audits on significant public grants

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ONLUS: registration with RUNTS possible even after March 31, 2026

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IMU exemption for non-commercial entities: interpretive rule and State aid under judicial review

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In MLBO transactions, the Agency requires an appraisal of the vehicle

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Corporate e-bikes: cost deductibility excluded from the limits of Art. 164 TUIR

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“Parent-Subsidiary” exemption even with late certifications: verification of substantive requirements prevails

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Hyper-depreciation: the draft implementing decree provides for five communications to GSE

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AI and Professional Secrecy: A U.S. Decision on the Risks of Conversations with Chatbots

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Misdemeanors remain deductible even in the presence of a single criminal design

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Dividends and participation exemption: Decree Law No. 38/2026 eliminates the 5% threshold

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5 per mille, accreditation until tomorrow: ceiling raised to 610 million

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Transition 5.0: tax credit rises to 89.77% for applications previously left without funding

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VAT Group Credit: Transfer to Tax Consolidation Excluded

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Generational Transition in Family-Based Limited Liability Companies

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The regulation of tax losses in extraordinary transactions and intra-group operations: Assonime circular no. 6/2026

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Assignment of commercial lease agreement (together with business transfer): joint and several liability of the assignor pursuant to Article 36 of Law 392/1978

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Exclusion of the right of withdrawal in the event of shareholder participation in a complex operation

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LEGAL, TAX & CORPORATE ADVISORY IN PADUA AND MILAN

Terrin & Associati Law and Tax Firm provides integrated legal, tax and corporate advice, primarily to businesses, Italian and international groups, and institutions. Supporting the founding partners, Alessandro and Gaetano Terrin, is a team of professionals with experience gained at leading international law firms and professional services organisations.

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PRACTICE AREAS

Legal and tax advisory and planning for businesses, non-profit and Third Sector organisations.

Structuring and execution of extraordinary transactions on capital and debt – M&A.

Governance of family businesses, intergenerational arrangements, asset protection, tailored planning for vulnerable beneficiaries.

Gaetano and Alessandro Terrin

PROFESSIONALS

Excellence in tax and legal advisory, tailored and timely, which, while respecting the highest professional ethical standards, ensures the growth and development of our clients.

Gaetano and Alessandro Terrin