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Capital market
Capital market
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Our lawyers and accountants can manage all defense measures provided not only by the Italian law, but also by EU regulations and conventions
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Back office outsourcing
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Compilation of financial statements
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Electronic invoicing
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Electronic storage
Electronic storage is an archiving procedure that guarantees the legal validity of a digitally stored electronic document
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Revaluation of corporate assets
Find out your civil and fiscal revaluation of tangible, intangible and financial assets
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Human resources consulting
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HR News
HR News the monthly information newsletter by Grant Thornton HR
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Cybersecurity
GT Digital helps clients structure information security management internal functions, also through partially or totally outsourced functions
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Agile and Programme Management
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Robotic Process Automation
Our “BOT Farm” can rely on digital workers able to help clients in routine activities, allowing employees to deal with more added-value activities
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Data strategy and management
GT Digital can support clients in seizing the opportunities offered by Big Data, from the definition of strategies to the implementation of systems
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Enterprise Resource Planning
We support clients in selecting the most appropriate ERP System according to their specific needs, helping them also understand licensing models
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IT strategy
GT Digital supports clients in making strategic choices, identifying innovation opportunities, comparing themselves with competitors
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IT service management
We can support with software selection and with the implementation of dedicated tools for the management of ICT processes
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DORA and NIS 2
The entry into force of the DORA Regulation and NIS2 represents a major step towards the creation of a harmonised regulatory framework
As part of the regulations introduced to deal with the COVID-19 epidemic, the “Cura Italia” decree (Law Decree no. 18/2020) introduced, among the many tax measures adopted, important changes concerning the definition of the tax credit related to advertising investments on newspapers, magazines and local TV and radio stations (art. 57-bis of Law Decree no. 50/2017, Presidential Decree no. 90/2018).
The new definition of the credit
With reference to 2020, the tax credit can be defined by applying a unified percentage equal to 30% on the total advertising investment carried out, without the need to only consider incremental investment (as provided for FY 2018 and 2019).
It is pointed out that the facilitation is granted to each subject basing on the limit of the resources allocated each year. Therefore, the actual credit amount due is notified through an Order of the department for information and publishing of the Presidency of the council of ministers. If allocated resources are not sufficient, the percentage will be re-defined among all subjects applying for the credit.
Beneficiaries
Subjects that can benefit from the credit are:
- Businesses, regardless of their legal form, of their dimension and of the accounting regime adopted;
- Self-employed;
- Non-commercial entities.
Eligible expenses
Advertising investment carried out through:
- Newspapers and magazines, even on-line ones;
- Local TV and radio stations, either analogue or digital.
Procedure to apply for the credit
The possibility to apply for the credit is subject to the submission of a specific electronic communication to the Department for information and publishing of the presidency of ministers, containing information on advertising investment already carried out or that are going to be carried out. As concerns 2020, this communication can be submitted from 1st and 30th September.
During the following solar year, the actual amount of eligible costs incurred will have to be certified by filing a Substitute Return. Together with this return, an attestation must be required to subject qualified to issue a stamp of approval or to auditors, aimed at certifying the expenses actually incurred.
Possibility to use the credit
The tax credit can exclusively be offset in the F24 form to be filed through the electronic channels made available by the Italian Revenue Office.
The benefit is granted in compliance with the current regulation concerning the application of “de minimis” aids (Regulation (EU) no. 1408/2013. The tax credit cannot be combined with other facilitations related to the same expenses.