In the Italian tax system, (Split Payment) is a VAT mechanism used primarily in transactions with public administrations or listed companies.
A specific type of demerger where shares of the new entity are assigned directly to the transferring company rather than its shareholders. Scissione
The Italian term translates to "split," "division," or "severance." Depending on the context, it refers to significant structural changes in business, law, politics, or psychology. 1. Corporate and Legal: Demergers (Corporate Law) In the Italian tax system, (Split Payment) is
The original company dissolves, and all its assets/liabilities are split between two or more recipient companies. 19/2023) has updated the rules for international scissione
Recent Italian legislation (Legislative Decree No. 19/2023) has updated the rules for international scissione to align with EU directives on cross-border mobility. 2. Fiscal: Scissione dei Pagamenti (Split Payment)
In a business context, scissione is a corporate restructuring operation where a company transfers all or part of its assets and liabilities to one or more existing or newly formed companies.