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How to keep working efficiently in difficult situations

This new desk can rely on the support of Grant Thornton professionals, who will be available to answer to your questions and requests, free of any charge.

 

 

 

 

 

 

Telephone

+39 02 00633966
+39 02 30466266

E-mail: cleverdesk@bgt.it.gt.com

Clever Desk, supporting businesses and entrepreneurs

Our helpdesk aims at giving a concrete response following the difficulties arisen from the current global emergency. The main purpose of our Clever Desk is to support businesses managing the current crisis and its financial, tax, corporate, and payroll consequences. Support is the keyword: we support businesses so that they can adapt to changes and face the emergency.

How can we respond to your needs

Your first contact with our Clever Desk are two reference partners, who, due to their interdisciplinary experience, can direct each specific request to the most appropriate team in our organization. This approach allows us to provide an agile and specialized support at the same time and, therefore, assist you with those service areas that are most relevant for businesses, i.e.: tax, corporate, financial, contributions and incentives, human resources & payroll, outsourcing.

Covid-19 emergency: relaunch of the economy

Our experts explain and interpret the main governmental measures taken during the emergency: reopenings, provisions and incentives which aim to facilitate Italian economic recovery.

 

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The third Clever Desk webinars session is now open!

Don’t miss our new Clever Desk webinars session and take part in three exclusive meetings with our experts, to discuss some of the most current issues and answer all your questions on the matter. Each webinar will last 45 minutes.

Participation is free! To register, just click on the webinar title and follow the instructions.

 


Clever Desk Webinars

Discover all the topics we have discussed during our Clever Desk Webinars series, watch the recordings and access the slides and the presentations used by our experts.

We will come back soon with a new calendar of appointments!

 

 

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Our alerts

"Sostegni-bis" Decree: main updates

Last updated on 9 June - A non-refundable allowance is granted to all workers with a VAT registration number being already active at 26 May 2021, who filed an application for or have lawfully received the allowance provided under Law Decree no. 41/2021 (so-called “Sostegni” Decree). Such allowance, equal to 100% of the amount granted in compliance with the provisions under the Sostegni Decree [read more]

Read more "Sostegni-bis" Decree: main updates

"Sostegni” Decree – Law Decree no. 41 dated 22 March 2021

Last updated on 16 April - Law Decree no. 41 dated 22 March 2021 (so-called “Sostegni” Decree) introduced, among other measures, a new grant for businesses and professionals, extended the terms for the provision of the periodic VAT settlements (so-called “Li.pe”) and pre-filled-in VAT registers by the Revenue Office [Read more]

Read more "Sostegni” Decree – Law Decree no. 41 dated 22 March 2021

Conversion into law of the first “Ristori” Decree

Last updated on 26 February - The conversion law (Law no. 176 dated 18 December 2020) of the first “Ristori” Decree (Law Decree no. 137/2020) has been published in the Official Gazette. The provisions, effective from 25 December 2020, include also the measures introduced with so-called"Ristori-bis" [Read more]

Read more Conversion into law of the first “Ristori” Decree

Recapitalisation of companies further to 2020 losses

Last updated on 22 January - Para. 266, art. 1 of Budget Law 2021 (Law no. 178/2020) introduces a completely renewed version of art. 6 of Law Decree no. 23/2020 (so-called Liquidity Decree) regarding “temporary provisions on share capital reduction”. The provision above is aimed at neutralising [Read more]

Read more Recapitalisation of companies further to 2020 losses

Renewal land revaluations no traded participating interests

Last updated on 21 January - Paragraphs 1122 and 1123 of art.1 of Budget Law 2021 (Law no. 178/2020) reintroduce the possibility to revaluate the purchase cost of participating interests that are not traded on regulated markets and of buildable and agricultural land being held at 1st January 2021. [Read more]

Read more Renewal land revaluations no traded participating interests

Realignment of goodwill and intangible assets values

Last updated on 21 January - Art 1, para. 83 of Budget Law 2021 (Law no. 178/2020) extends the scope of application of the provisions concerning the so-called realignment of the values of corporate assets by introducing a specific law provision under art. 110 of Law Decree no. 104/2020 (which – among the provisions of the so-called August [Read more]

Read more Realignment of goodwill and intangible assets values

Extended terms for tax collection notices

Last updated on 20 January - Law Decree no. 3 dated 15.01.2021, published in the Italian Official Gazette no. 11 on 15.01.2021 and containing “Urgent measures on tax assessments, tax collections, as well as tax fulfilments and payments”, introduced a further brief suspension of the tax assessment and collection activities, as well as of payments terms [Read more]

Read more Extended terms for tax collection notices

Subsidies for investments 2020

Last updated on 16 December - the draft 2021 Budget Law totally reviewed the tax incentives provided for new capital assets, amending the provisions of Budget Law 2020 (Law no. 160/2019, art. from 185 to 197). Said law already provided for a new tax credit replacing the so-called super-depreciation and hyper-depreciation. The tax credit is due to all businesses and, as concerns some investments, also to self-employed professionals. [Read more]

Read more Subsidies for investments 2020

August Decree: alignment of accounting and tax values

Last updated on 4 December - Art. 110 of Law Decree no. 104/2020 (so-called August Decree), besides the provisions on the revaluation of corporate assets, also extends the application of the provisions under art. 14 of Law no. 342/2000 concerning the possibility to realign tax values with accounting values. Para. 8 of the abovementioned article also extends such realignment possibility also to IAS/IFRS adopters. [Read more]

Read more August Decree: alignment of accounting and tax values

COVID-19 emergency – Law Decree no. 137

Last updated on November 12 - Redundancy fund. In addition to salary supplementary allowances introduced by previous law provisions, the new Decree extends CIG, FIS, and CIGD measures by further six weeks, to be utilized between 16 November 2020 and 31 January 2021. The above further six-week’s period can be accessed provided that the further period under previous Law Decree no. 104/2020 has been already approved. [Read more]

Read more COVID-19 emergency – Law Decree no. 137

Law Decree n. 129 dated 20 October 2020

Last updated on November 5 - The so-called “Tax Collection Decree” introduces extensions of the suspension of payment terms, executive and precautionary measures, inspections on the block of Public Administration payments and of the terms of limitation and revocation expiring in 2021 for the notification of payment orders. [Read more]

Read more Law Decree n. 129 dated 20 October 2020

Immediate revaluation of assets for companies

Last updated on October 23 - The conversion into Law of the August Decree (Law Decree n. 104/2020) by Law n. 126/2020 introduced the possibility for all businesses with a FY not corresponding to the calendar year to bring forward the effects of the possible application of the new norm on the revaluation of corporate assets and participating interests. [Read more]

Read more Immediate revaluation of assets for companies

Deferment of terms under art. 106 of “Cura Italia” decree

Last updated on October 23 - Art. 1 of Law Decree no. 125/2020 established that the terms provided for the law provisions listed under annex 1 of Law Decree no. 83/2020 are deferred to 31 December 2020. Among the many fulfilments that have been postponed, there are also those concerning the call of shareholders’ meetings of companies and entities. [Read more]

Read more Deferment of terms under art. 106 of “Cura Italia” decree

August Decree conversion: suspended 2020 amortisations

Last updated on October 23 - Art. 60, para. from 7-bis to 7-quinquies of Law Decree n. 104 dated 14 August 2020, introduced the possibility for companies drawing up their Financial Statements based on Italian accounting principles to suspend wholly or in part the obligation deriving from reporting depreciation and amortisation charges in the Income Statement. [Read more]

Read more August Decree conversion: suspended 2020 amortisations

Internationalisation: Simest non-repayable grants

Last updated on September 14 - Significant new provisions have been introduced as concerns non-repayable grants for business internationalisation managed by the Simest S.p.A., a company within the Italian Cassa Depositi e Prestiti (deposits and loans fund) Group. [Read more]

Read more Internationalisation: Simest non-repayable grants

Italian Prime Ministerial Decree dated 7 September 2020

Last updated on September 10 - Prime Ministerial Decree dated 7 September 2020 extends those extraordinary measures introduced to face the Covid-19 pandemic emergency provided under previous Prime Ministerial Decree dated 7 August 2020 up to 7 October 2020. [Read more]

Read more Italian Prime Ministerial Decree dated 7 September 2020

August Decree: tax payments and advances, enforced collection

Last updated on September 4 - The August Decree has introduced the possibility to further divide into instalments suspended tax payments and non-applied withholding pursuant to articles art. 126 and 127 of Law Decree no. 34/2020, the “Rilancio Decree” turned into Law dated 17/07/2020 no. 77. [Read more]

Read more August Decree: tax payments and advances, enforced collection

Relaunch Decree: revaluation of shareholdings and lands

Last updated on September 2 - Art. 137 of Law Decree n. 34/2020 (so-called Relaunch Decree) extends until 15 November 2020 the possibility to recalculate the purchase value of shareholdings not negotiated in regulated markets and of lands for development and agricultural lands. [Read more]

Read more Relaunch Decree: revaluation of shareholdings and lands

August Decree: tax exemption doubled for employees

Last updated on September 2 - The August Decree, intervening on art. 51 para. 3 of the Italian Consolidated Text on Income Tax (TUIR), extends up to Euro 516,16 the lump-sum value of goods sold and services rendered, which does not concur to the formation of employment income. [Read more]

Read more August Decree: tax exemption doubled for employees

August Decree: extension of moratorium under Cura Italia

Last updated on August 31 - The financial support measures in favour of self-employed workers, microenterprises and SMEs, provided under art. 56 of Law Decree dated 17 March 2020 no. 18, have been extended to 31 January 2021 (under art. 65 of Law Decree no. 104/2020). [Read more]

Read more August Decree: extension of moratorium under Cura Italia

August Decree: tax credit for sports clubs and associations

Last updated on August 31 - Art. 81 of Law Decree n. 104/2020, so-called August Decree, introduced a new tax credit to foster investments in advertising campaigns made from 1st July to 31st December 2020 in favour of sports clubs, leagues and associations registered with the CONI. [Read more]

Read more August Decree: tax credit for sports clubs and associations

August Decree: refinance of some measures for businesses

Last updated on August 28 - Art. 60 of the so-called “August Decree” published on August 14 in the Official Gazette, has increased the financial resources available for some measures to support businesses. In this alert our professionals illustrate a description of the main refinance initiatives. [Read more]

Read more August Decree: refinance of some measures for businesses

August Decree: extension of simplified shareholders’ meetings

Last updated on August 28 - Art. 71 of Law Decree no. 104/2020, the “August Decree” dated 14 August 2020, extended the provisions (introduced by the so-called Cura Italia Decree) concerning some simplifications on the execution of shareholders’ meetings to 15 October 2020. [Read more]

Read more August Decree: extension of simplified shareholders’ meetings

Car fringe benefit: clarifications by Agenzia Entrate entity

Last updated on August 26 - The legislation has recently undergone some relevant changes starting from 1 July 2020. Below is a brief overview of the new calculation rules and the first important and useful interpretations regarding their applicability issued by the Agenzia Entrate entity. [Read more]

Read more Car fringe benefit: clarifications by Agenzia Entrate entity

Covid-19 emergency: the latest updates of the August Decree

Last updated on August 24 - The August Decree, came into force on 15 August 2020, re-proposes some of the measures to support companies that were introduced by previous Decrees, and introduces new measures to support those workers most affected by the Covid-19 emergency. [Read more]

Read more Covid-19 emergency: the latest updates of the August Decree

Revaluation of corporate assets Law Decree dated 14 August 2020

Last updated on August 19 - There are currently diverse revaluation regimes in force: the first one under the Law dated 27 December 2019 no. 160 (Budget Law 2020) extending the provisions under law no.342 dated 2000, and the second one introduced by art. 6-bis of Law Decree no.23 of 2020. [Read more]

Read more Revaluation of corporate assets Law Decree dated 14 August 2020

New provisions introduced by the Relaunch Decree conversion

Last updated on August 4 - Relaunch Decree was converted into law by Law n. 77 dated 17 July 2020 published into the ordinary supplement to the Official Gazette. This Alert provides the main amendments and integrations introduced to the original text of the Decree further to the conversion process [Read more]

Read more New provisions introduced by the Relaunch Decree conversion

110% super-bonus on renovations to residential buildings

Last updted on August 4 - Relaunch Decree, as coordinated with conversion Law n. 77 dated 17 July 2020, introduced an interesting opportunity for those who will make energy efficiency, seismic retrofitting interventions, installation of photovoltaic panels and charging stations for electric vehicles. [Read more]

Read more 110% super-bonus on renovations to residential buildings

Simplifications on share capital increases

Last updted on July 27 - Law Decree n. 76 dated 16 July 2020 has now been published in the Official Gazette. Said Law Decree, in order to support Italian businesses facing the economic downturn introduces specific measures aimed at facilitating share capital increases. [Read more]

Read more Simplifications on share capital increases

Tax credit for sanitization expenses and the purchase of PPE

Last updated on July 17 - The Italian Revenue Office provided important clarifications on the obtainment of a tax credit for the sanitization of working premises and the purchase of PPE, as under the art. 125 of Law Decree n. 34/2020, the so-called Rilancio Decree. [Read more]

Read more Tax credit for sanitization expenses and the purchase of PPE

Tax credit for the adjustment of working environments

Last updated on July 17 - The Italian Revenue Office provided some important clarifications on the possibility to benefit from the tax credit for the adjustment of working environments under the art. 120 of Law Decree no. 34/2020 the so-called Rilancio Decree. [Read more]

Read more Tax credit for the adjustment of working environments

Law Decree 34/2020: new term for the appointment of supervisory boards

Last updated on July 14 - Article 8, para. 6-sexies of Law Decree n. 162, 30 Dec. 2019, as amended upon conversion, provides for a variable deadline for limited liability companies and cooperatives to appoint for the first time an external auditor or a board of statutory auditors. [Read more]

Read more Law Decree 34/2020: new term for the appointment of supervisory boards

Corporate recapitalisation: guidelines by the Milan Board of Notaries

Last updated on July 8 - One of the most important corporate issues originating from the economic downturn caused by the Covid-19 concerns the recapitalisation of companies, now a necessary step for shareholders in order to face the major losses incurred. [Read more]

Read more Corporate recapitalisation: guidelines by the Milan Board of Notaries

Law Decree n.49 dated 10.06.2020 (Official Gazette n.146 10.06.2020)

Last updated on June 22 - Implementation of Council Directive (EU) 2017/1852 of October 10, 2017 on tax dispute resolution mechanisms between the Member States of the European Union. The Decree will become effective on June 26, 2020. [Read more]

Read more Law Decree n.49 dated 10.06.2020 (Official Gazette n.146 10.06.2020)

Rilancio decree: non-refundable allowance

Last updated on June 17 - Article 25 of the Relaunch Decree provides a non-refundable allowance in favor of subjects carrying out business activities, self-employment, agricultural income, holders of VAT numbers with revenues not exceeding 5 million euros. [Read more]

Read more Rilancio decree: non-refundable allowance

Relaunch Decree: incentives for advertising investment

Last updated on June 8 - Art. 186 of the Relaunch Decree, provides for an amendment of the regulation of tax credit for advertising investment by introducing an extraordinary regime, for 2020 only, aimed at incentivising advertisement investments. [Read more]

Read more Relaunch Decree: incentives for advertising investment

Novelties on recapitalisation to face the Covid-19 outbreak

Last updated on June 3 - Among the measures provided for by the so-called Relaunch Decree several tax provisions aims at fostering the recapitalization of medium-sized companies, which, most of all, have suffered economic rebounds due to the COVID-19. [Read more]

Read more Novelties on recapitalisation to face the Covid-19 outbreak

Relaunch Decree: provisions on IRAP payments

Last updated on June 3 - Article 24 provides that businesses and self-employed whose revenues or remuneration do not exceed 250 million euros are exempt from the payment of IRAP settlement due for 2019 and IRAP first advance payment instalment due for 2020. [Read more]

Read more Relaunch Decree: provisions on IRAP payments

Going concern disclosure in COVID-19 financial statements

Last updated on May 20 - Going Concern is the ability of an entity to last over time and "survive" in a competitive environment. In other words, it can be summarized as the ability of the company to generate revenues and related financial flows over time [Read more]

Read more Going concern disclosure in COVID-19 financial statements

Rilancio (relaunch) decree: main tax novelties

Last updated on May 15 - Waiting for the publication of the so-called "Relaunch Decree" in the Official Gazette, this alert illustrates the main novelties concerning the tax fulfilments included in the draft text of the Decree, taking into account the Government's press release. [Read more]

Read more Rilancio (relaunch) decree: main tax novelties

Cura Italia Law Decree: conversion into law

Last updated on May 11 - Law Decree 18/2020, containing measures to strengthen the National Health Service and economic support for families, workers and businesses connected to the emergency by COVID-19, has been converted into law. [Read more]

Read more Cura Italia Law Decree: conversion into law

Covid-19 emergency: Presidential Decree dated 26 April 2020

Last updated on May 5 - In this alert, our professionals explain the latest provisions introduced by Ministerial Decree dated 26 April, and in force from 4 May to 17 May. Through this decree so-called Phase 2 starts, implying the progressive restart of working activities. [Read more]

Read more Covid-19 emergency: Presidential Decree dated 26 April 2020

“Impresa Sicura”: refund for the purchase of protective equipment

Last updated on May 5: The publication of the "Impresa Sicura" call for tenders by Invitalia (National Agency for Inward Investment and Economic Development) has made resources available up to 50 million to refund the expenses to purchase protective equipment. [Read more]

Read more “Impresa Sicura”: refund for the purchase of protective equipment

Suspension of administrative and judicial proceedings

Last updated on May 4 – In this alert our professionals summarise and clarify some important aspects concerning the terms and the deadlines within tax proceedings, introduced by Law Decree no. 18/2020 and Law Decree no. 23/2020. [Read more]

Read more Suspension of administrative and judicial proceedings

Law Decree n.18/2020: incentives for advertising investments

Last updated April 24 - As part of the regulations introduced to deal with the emergency, the “Cura Italia” decree (D.L. n. 18/2020) introduced important changes concerning the definition of the tax credit related to advertising investments carried out in 2020. [Read more]

Read more Law Decree n.18/2020: incentives for advertising investments

Law Decree 23/2020 - Regulating distressed companies

Last updated on April 22 - Chapter II of Law Decree n. 23/2020, the so-called “Liquidity Decree” includes measures to guarantee the going concern of businesses affected by the current severe economic conditions further due to the impact of the COVID-19 emergency. [Read more]

Read more Law Decree 23/2020 - Regulating distressed companies

Law Decree 23/2020 “Liquidity Decree”

Last updated on April 17 - In this alert, our professionals synthetize some of the most important provisions contained in the Law Decree 23/2020, so-called «Liquidity Decree», in the corporate and civil sphere. The provisions of the Liquidity Decree came into force on April 9, 2020. [Read more]

Read more Law Decree 23/2020 “Liquidity Decree”

231 model as a prevention tool

Last updated on April 15 - The Covid-19 emergency requires a reflection on the repercussions on the Legislative Decree 231/2001 of which the organization, management and control (MOGC) model adopted by the Companies represents a point of reference for the prevention policy of the company. [Read more]

Read more 231 model as a prevention tool

New provisions on contractual liability

Last updated on April 14 - Art. 91 of the Cura Italia Law Decree introduces an important provision regarding delays or contractual breaches resulting from the implementation of emergency containment measures, defining them suitable, in some cases, to constitute a cause for non-attributability of the breach. [Read more]

Read more New provisions on contractual liability

Law Decree 55/2020: Convertion of DTAs credit

Last updated on April 8 - DTAs (Deferred Tax Assets) can be converted into tax credits even if not entered in the financial statements, referring to some predetermined tax assets for an amount proportional to the value of the impaired loans sold to third parties. [Read more]

Read more Law Decree 55/2020: Convertion of DTAs credit

Law Decree 18/2020: New norms on tax inspection

Last updated on April 8 - Due to the Covid-19 emergency, the new norm provides for a postponement of the limitation and prescription periods relevant to the activities of the tax authorities against taxpayers who can benefit from the suspension of tax fulfilments and tax payments. [Read more]

Read more Law Decree 18/2020: New norms on tax inspection

New provisions on Shareholder’s meetings

Last updated on April 3 - The “Cura Italia” Law Decree introduced important provisions to contain and manage the epidemiologic emergency of Covid-19. Among the various ones, particular importance is assumed by those introduced by art. 106 aimed at facilitating company meetings [Read more]

Read more New provisions on Shareholder’s meetings

Covid-19 impact on financial statements

Last updated on April 3 - The Covid-19 emergency, which has materialized in Italy since the first months of 2020, is certainly an event to qualify as relevant for the correct determination of the information prospectuses relating to the financial statements closed on 31 December 2019. [Read more]

Read more Covid-19 impact on financial statements

 



Webinar series - first edition

Watch the recordings and download the slides of the first edition of our webinar series conducetd by Grant Thornton experts about the financial, economic and legal aspects of the Covid-19 emergency.

 

Our professionals explain emergency-related Decrees

This section is dedicated to insights and analyses produced by our professionals concerning all the Law Decrees, issued by the Italian Government along with all the latest news and updates.

Download the pdf to stay informed about all the news and the most relevant updates.

Our solutions

  • Our solutions

    Assistance and coordination on tax, social security contributions, allowances, incentives

    We can assist entrepreneurs by understanding the specific situation and analysing the most urgent issues and/or opportunities and, therefore, by suggesting the most appropriate solutions in the light of the recent extraordinary law provisions related to Coronavirus.

  • Our solutions

    Corporate, financial and accounting assistance

    Our professionals can assist you dealing with the new and many law provisions related to the corporate and accounting aspects of our activity, as well as with the many possible actions and solutions to the financial crisis, with the aim, firstly, to ensure business continuity and, secondly, to foster the future business development.

  • Our solutions

    Tax litigation and tax collection assistance

    Clever Desk offers an immediate, simple and concrete response to those issues related to tax litigation and tax collection, which have been hot topics in the Italian legislation for the last few days.

  • Our solutions

    Labour, payroll and HR assistance

    Our HR experts are available to solve any problem and help you taking any opportunity derived from the so-called “Cura Italia” decree (Law Decree no.18, dated 17 March 2020).

  • Our solutions

    Communication & marketing

    Communication is a crucial instrument for businesses, especially in crisis situations. Our professionals will listen to your specific needs and will propose the communication activities that most suit you, through both online and offline means.

Insights

Distance Working - managing smart working and remote working

Covid-19 has forced many businesses and employees to experience distance working. Grant Thornton can support you in the arrangement and implementation of effective distance working programmes through a strategic approach.

Read more Distance Working - managing smart working and remote working

TopHic April 2020

Read TopHic, our new monthly magazine edited by the professionals of Grant Thornton

TopHic April 2020

The paradox of transfer pricing

Our partner, Paolo Besio, outlines the current economic situation, significantly impacting the business world

Read more The paradox of transfer pricing

Managing mobility in the face of COVID-19

Across the globe, the spread of the novel coronavirus (Covid-19) is having a significant humanitarian impact and increasingly, an economic impact from stock markets to global supply chains

Read more Managing mobility in the face of COVID-19

Strengthening of healthcare service and economic support

Paolo Besio, Partner, comments the so-called “Cura Italia” Decree by the President of the Republic

Read more Strengthening of healthcare service and economic support

Contacts

Telephone

+39 02 00633966
+39 02 30466266

E-mail

cleverdesk@bgt.it.gt.com