Tag: 65 – LATEST NEWS & INSIGHTS 14 July 2023
-
ITALIAN DPA FINES BENETTON FOR 240,000 EUROS
With an injunction order, the Italian Data Protection Authority fined the Benetton company for breaching some principles of the GDPR regarding data retention, minimization, and technical and organizational security measures. The Italian Data Protection Authority (“Garante” or “DPA”) fined the Benetton company for certain violations regarding privacy regulations. During the inspection, which began in 2019,…
-
TOWARDS A SIMPLER AND FASTER ENFORCEMENT?
Enforcement proceedings, that is the possibility to enforce the recovery of the money owed from the debtor, is an essential aspect of the creditor’s tangible protection. Very often, however, compiling a list of the debtor’s assets necessary to search for assets to be attached is not easy, especially with regard to bank accounts and credits…
-
INTEREST RATE SWAP: THE JOINT DIVISIONS OF THE SUPREME COURT REITERATE THE JURISDICTION OF THE ITALIAN COURT
With the recent decision of 29 May 2023, the Joint Divisions once again ruled in favour of the Italian Court with regard to a dispute arising from derivative contracts signed by an Italian local authority. The Joint Divisions applied the consolidated case law according to which jurisdiction is determined exclusively on the basis of the…
-
THE ITALIAN SUPREME COURT OF CASSATION ADMITS THE APPEALABILITY OF A SELF-DEFENCE REFUSAL THAT IS CONTRARY TO A FINAL DECISION
With respect to the tax administration’s power of self-defence, the Italian Supreme Court of Cassation in its decision no. 18241 of 26th June 2023 declared null and void a self-defence refusal by the Italian Revenue Agency on the ground that it was in conflict with a previous final decision of the same Court. The dispute…
-
REGISTRATION TAX AT 15% ON PHOTOVOLTAIC PLANTS ON AGRICULTURAL LANDS: THE “STEP-BACK” INTERPRETATION OF THE ITALIAN TAX AUTHORITIES
The granting of surface right on agricultural lands is subject to registration tax at the rate of 15% and not 9%, as well as mortgage and cadastral taxes at the fixed amount of Euro 50: this was clarified by the Italian Tax Authorities by answer to Ruling no. 365 of 3rd July 2023, overruling (sic!)…