DLP Insights

REVENUE AGENCY: THE SEVERANCE INDEMNITY OF COLLABORATORS IS SUBJECT TO SEPARATE TAXATION (Il Sole 24 Ore, March 6, 2012, page 21)

Catégories: DLP Insights, Legislation

09 Mar 2012
The Italian Revenue Agency, with memorandum No. 3/2012, clarified that also the coordinated and continuous collaborators, including the governing directors of company, are entitled to benefit from the system of separate taxation on the compensation received in connection with the termination of collaboration, up to the limit of one million Euros. The condition for the application of separate taxation – to which, in any case, the receiver may be renounced if it is more favorable – is that the right to the compensation derives from an act having certain date prior to the beginning of the collaboration.

Autres insights