Paolo Dragone

As part of the initiatives adopted by the Customs and Monopolies Agency (ADM) to support economic operators, the possibility of streamlining the process relating to reintroduction activities for the release for free circulation of previously exported goods was recognised. This relief is granted if the goods are reintroduced in the state in which they were exported.

In commercial practise the ex-works state to the sale of goods intended for export as a delivery term agreed between the seller and the buyer is frequently applied; this condition provides that the seller is only required to make the goods available to the buyer in its own company and it is the buyer who takes care of the transport of the same outside the EU territory.

Article 110 of Decree Law No. 104 of 2020 contains a measure of great interest for companies, introducing the possibility to step-up the costs of tangible and intangible assets in the financial statements. The step-up can be carried out to tangible assets, intangible assets and shareholdings in controlled and associated companies.