Tax Due Diligence · Florence
Tax Due Diligence for clients in Florence
Sole office in Rome (Via Ancona 20): assistance remotely and at hearings before the Tax Court (Corte di Giustizia Tributaria) of First Instance in Florence.
Tax analysis for M&A transactions and investments. Dedicated assistance for clients in Florence e Tuscany, managed entirely through the electronic tax court filing system (PTT) from the Firm's office in Rome.
In Brief
The Firm Marzo Associati offers specialist assistance in tax due diligence to businesses and taxpayers in Florence e Tuscany. The service is structured for clients in the area: transfer pricing for brand royalties, VAT on licences, taxation of DOC/DOCG protection consortia, expenditure-based tax assessments of HNWIs.
What Is tax due diligence and When Is It Needed
Tax due diligence is the analysis of the tax risks of a company or business division in preparation for an acquisition, investment or reorganisation. It covers direct taxes, VAT, indirect taxes, pending litigation, tax relief claimed and outstanding tax liabilities, with quantification of contingent liabilities and guidance on contractual warranty clauses.
Audit and Risk Analysis
The Due Diligence service aims to identify potential hidden tax risks ("tax risks") and untapped opportunities within target companies or asset portfolios.
Stages of the Work
- Tax Check-up: Checking the correct application of direct and indirect taxes in financial years still open to tax audit.
- Analisi M&A: Support for investors and funds in the preliminary stages of business acquisitions to determine the true value of the deal.
- Employment Compliance: Checking tax and social security deductions for employees and other workers.
- Reportistica: Preparation of detailed reports identifying potential liabilities and mitigation strategies.
Tax Court (Corte di Giustizia Tributaria) of First Instance in Florence
Via Cavour 56 — 50129 Florence
The Tax Court (Corte di Giustizia Tributaria) of second instance for Tuscany is based in Florence and hears appeals from all Tuscan provinces (Arezzo, Grosseto, Livorno, Lucca, Massa-Carrara, Pisa, Pistoia, Prato, Siena).
How the Procedure Works for Clients in Florence
- 1
Defining the Scope
Identifying the tax years, taxes and companies to be analysed, taking account of the statutory time limits for tax assessments.
- 2
Data Room and Document Requests
Sending the request list and analysing management's responses.
- 3
Risk Analysis
Quantifying contingent liabilities for taxes, penalties and interest, classified by likelihood.
- 4
Report and Clauses
Delivery of the report with practical guidance on price adjustments, representations & warranties and indemnities.
Documents are filed electronically with the Tax Court (Corte di Giustizia Tributaria) of First Instance in Florence (Via Cavour 56, 50129 Florence); hearings may take place remotely or in person, depending on the requirements of the defence.
Common Cases in Florence e in Tuscany
Transfer Pricing on Royalties and Trademark Licences
Representation of luxury and fashion groups challenging adjustments by the Italian Revenue Agency (Agenzia delle Entrate) concerning intercompany royalties and trademark valuations.
Wine Sector Taxation and Protection Consortia
VAT disputes, excise duties on wine products, agricultural flat-rate tax regimes, and taxation of DOC/DOCG consortia.
Expenditure-Based Tax Assessments of Tuscan HNWIs
Representation of individuals with a high capacity to pay tax in challenges to assessments based on the availability of assets indicating wealth (villas, yachts, works of art) under art. 38 DPR 600/1973.
Taxation of Tourism and Luxury Accommodation
VAT on accommodation establishments (country house hotels, historic residences), assessments concerning receipts and the classification of activities.
Wealth Management for Tuscan Business Families
Trusts, family foundations, family business succession agreements and the intergenerational transfer of wealth and long-established family businesses.
The Firm also assists clients in neighbouring provinces: Prato, Pistoia, Arezzo, Siena, Lucca, Pisa, Livorno, Massa-Carrara, Grosseto.
Documents to Gather and Timeframes
- —Financial statements and tax returns for years still open to assessment
- —VAT Registers and Calculations
- —Pending Litigation and Documents Served
- —Intra-group Contracts and Transfer Pricing Documentation
- —Documentazione su crediti d'imposta e agevolazioni fruite
Due diligence on a medium-sized target generally takes two to four weeks from the date the complete data room becomes available, with interim reports for transactions on tight timetables.
For an assessment of your position, you can or consult the profile of the Firm's tax lawyers.
How We Handle tax due diligence for Clients in Florence
Confidential Video Consultation
Riunioni strategiche su Google Meet o Microsoft Teams.
Digital Power of Attorney
Appointment using a qualified electronic signature.
Hearings Before the Florence Tax Court (Corte di Giustizia Tributaria)
Partecipazione da remoto ex art. 16 D.L. 119/2018 o in presenza.
Targeted Visits
Site visits in Florence only when essential.
Professionals Responsible for the Service
Frequently Asked Questions
Do You Need Assistance With tax due diligence a Florence?
Open a confidential case file with our team. Response within 24 hours.