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Shareholder loans and financial statements: directors cannot arbitrarily change the nature of line items

Shareholder loans and financial statements: directors cannot arbitrarily change the nature of line items

by terrin | Jul 23, 2026 | NEWS

The classification in the financial statements of sums paid by shareholders must reflect the actual legal and economic nature of the transaction. Therefore, directors are not permitted to arbitrarily transfer an amount from liabilities to equity when the item has been...
ONLUS: registration with RUNTS possible even after March 31, 2026

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

by terrin | May 15, 2026 | NEWS

The Ministry of Labor, with note no. 6665 of April 28, 2026, has provided important clarifications regarding the position of ONLUS organizations that did not submit an application for registration with RUNTS by the deadline of March 31, 2026, confirming that late...
IMU exemption for non-commercial entities: interpretive rule and State aid under judicial review

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

by terrin | May 14, 2026 | NEWS

The issue of IMU exemption for non-commercial entities is once again at the center of the jurisprudential debate, with particular reference to state-equivalent schools. The Second-degree Tax Justice Court of Piedmont, with ruling no. 302/2/26 of March 31, 2026, has...
In MLBO transactions, the Agency requires an appraisal of the vehicle

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

by terrin | May 14, 2026 | NEWS

Within the regulatory framework established following Legislative Decree 192/2024, the rules for carrying forward tax assets in merger transactions continue to be based, as far as relevant here, on the net equity limit and the vitality test referred to in Art. 172,...
“Parent-Subsidiary” exemption even with late certifications: verification of substantive requirements prevails

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

by terrin | May 12, 2026 | NEWS

The Court of Cassation, with order no. 13128/2026, confirmed a principle of particular importance regarding the “parent-subsidiary” regime: the withholding tax exemption on dividends may apply even when the documentation certifying the requirements of the...
Hyper-depreciation: the draft implementing decree provides for five communications to GSE

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

by terrin | May 7, 2026 | NEWS

The draft implementing decree relating to the new hyper-depreciation ex Law 199/2025 would outline a complex system of communication requirements for companies interested in benefiting from the incentive. According to the text in circulation, the benefit would be...
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Articoli recenti

  • Shareholder loans and financial statements: directors cannot arbitrarily change the nature of line items
  • R&D tax credit: the Frascati Manual cannot be applied retroactively
  • Mergers between religious entities: the Revenue Agency clarifies the tax treatment and the transitions between institutional and commercial spheres
  • Reduction of assessment terms: ruling no. 77/2026 recalls when the benefit applies
  • ETS: Updating RUNTS Data on Members, Volunteers, and Employees by June 30

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T. + 39 02 50037504

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    Logo-Terrin-and-Associates

    Padua 35131 Piazza G. Salvemini, 13
    Milan 20123 Via S. Vittore al Teatro, 1/3

    + 39 049 9834065
    + 39 02 50037504

    info@terrinassociati.com
    VAT No. 00986960284

    TERRIN & ASSOCIATI

    Padua 35131 Piazza G. Salvemini, 13
    Milan 20123 Via S. Vittore al Teatro, 1/3

    + 39 049 9834065
    + 39 02 50037504

    info@terrinassociati.com
    VAT No. 00986960284

    • Follow

    Stay in touch

    Updates on important tax and legal content prepared by Terrin & Associati in collaboration with labor law experts, auditing firms, and specialists in compliance, corporate organizational structures, data privacy, and GDPR.

      QUICK LINKS

      Work with us
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      Privacy Policy
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