The Daily Report of 9 October 2026 emphasizes that the certificate of pending charges (certificato dei carichi pendenti) must reflect the legal and fiscal situation exactly at the date of business transfer. This is crucial for M&A transactions where successor liability depends on accurate disclosure of pending tax disputes and debts.
Key Takeaways
- Snapshot Requirement: The certificate must be dated the same day as the transfer deed to avoid gaps in liability coverage.
- Due Diligence: Buyers should request updated certificates immediately before closing to capture last-minute developments.
- Successor Liability: Inaccurate certificates can expose buyers to undisclosed tax liabilities, undermining indemnity clauses.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement