We advise Third Sector Entities (Enti del Terzo Settore – ETS), associations, foundations, Voluntary Organisations (Organizzazioni di Volontariato – ODV), Social Promotion Associations (Associazioni di Promozione Sociale – APS), social enterprises and other non-profit organisations on tax, accounting, administrative and governance matters. We support them with formation, registration and compliance requirements relating to the Italian National Single Register of the Third Sector (Registro Unico Nazionale del Terzo Settore – RUNTS), as well as with their ordinary and extraordinary activities.
Our experience in the Third Sector enables us to combine tax, accounting, corporate and control expertise, taking into account the specific characteristics of each organisation, the nature of its activities and the requirements established by the Italian Third Sector Code.
In particular, we provide assistance with:
- formation of associations, foundations and other non-profit organisations and identification of the most appropriate legal structure;
- drafting and amendment of articles of association and assessment of their compliance with Third Sector legislation;
- registration, amendments and compliance requirements relating to the RUNTS;
- recognition of legal personality and related administrative assistance;
- assessment of the organisation’s tax status and of the commercial or non-commercial nature of its activities;
- VAT, direct taxation and other tax compliance requirements for Third Sector Entities and non-commercial organisations;
- accounting set-up and administrative assistance;
- preparation of financial statements, cash-basis reports, social reports and mission reports;
- budgets, management control, cost accounting and reporting systems;
- governance, functioning of governing bodies and relationships between management and control bodies;
- assistance to control and audit bodies of Third Sector Entities;
- fundraising activities, donations and related reporting requirements;
- Five per Thousand (5 per mille) requirements and related reporting;
- training and professional updates for directors, control bodies, staff and collaborators.
Registration with the RUNTS and the correct classification of activities are particularly relevant for both tax purposes and organisational transparency. We therefore support Third Sector Entities through an integrated assessment of legal, tax, accounting and management matters, rather than treating individual compliance requirements in isolation.
Particular attention is also given to
governance and control systems. The Italian Third Sector Code assigns specific responsibilities to control bodies, including supervision over the adequacy of organisational, administrative and accounting arrangements and, where applicable, monitoring compliance with the organisation’s civic, solidarity and social-purpose objectives.
Our expertise in Third Sector and Non-Profit organisations is integrated, where appropriate, with the Firm’s capabilities in
tax advisory and financial statements,
statutory audit and control bodies,
management control and
training.
For further information and insights, please contact us by filling out the form below.
