Tax Due Diligence · Palermo
Tax Due Diligence for clients in Palermo
Sole office in Rome (Via Ancona 20): assistance remotely and at hearings before the Tax Court (Corte di Giustizia Tributaria) of First Instance in Palermo.
Tax analysis for M&A transactions and investments. Dedicated assistance for clients in Palermo e Sicily, 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 Palermo e Sicily. The service is structured for clients in the area: complex cases requiring specialist tax expertise.
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 Palermo
Via Filippo Cordova 76 — 90143 Palermo
The Tax Court (Corte di Giustizia Tributaria) of second instance for Sicily is based in Palermo and hears appeals from western Sicily (Palermo, Trapani, Agrigento, Caltanissetta). Catania is home to a second Tax Court (Corte di Giustizia Tributaria) of second instance serving eastern Sicily.
How the Procedure Works for Clients in Palermo
- 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 Palermo (Via Filippo Cordova 76, 90143 Palermo); hearings may take place remotely or in person, depending on the requirements of the defence.
Common Cases in Palermo e in Sicily
Tax Credit for the Single SEZ for Southern Italy
Sicily with maximum aid intensity: representation in challenges by the Italian Revenue Agency (Agenzia delle Entrate) concerning requirements, calculation, cumulation and eligible investments.
The Sicilian Region’s Own Taxes
Regional tax on public property concessions, vehicle taxes and minor taxes levied by the special-statute Region.
Agri-Food Taxation and Sicilian PDOs/PGIs
Agricultural VAT, wine excise duties, disputes concerning Sicilian PDOs/PGIs (wines, extra virgin olive oil, Pachino tomatoes, blood oranges).
Tourism and Accommodation Taxation
Accommodation establishments (hotels, B&Bs, villas, historic residences), short-term lets, tourist taxes, classification of activities.
Customs Litigation at Sicilian Ports
Valuation and customs classification adjustments for Mediterranean trade.
The Firm also assists clients in neighbouring provinces: Trapani, Agrigento, Caltanissetta, Enna, Messina.
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 Palermo
Confidential Video Consultation
Riunioni strategiche su Google Meet o Microsoft Teams.
Digital Power of Attorney
Appointment using a qualified electronic signature.
Palermo Tax Court (Corte di Giustizia Tributaria) Hearings
Partecipazione da remoto ex art. 16 D.L. 119/2018 o in presenza.
Targeted Visits
On-site visits in Palermo only when essential.
Professionals Responsible for the Service
Frequently Asked Questions
Do You Need Assistance With tax due diligence a Palermo?
Open a confidential case file with our team. Response within 24 hours.