Liability of Directors: Commentary on Judgment No. 9170 of 2024

Judgment No. 9170 of April 5, 2024, issued by the Regional Tax Commission of Venice, offers an important reflection on the liability of directors in the context of tax collection. In particular, it analyzes Article 36 of Presidential Decree No. 602 of 1973, which establishes the legal responsibilities of directors in the event of failure to pay taxes due during the liquidation period of the company.

Regulatory Context and Relevance of the Judgment

Italian legislation provides specific obligations and responsibilities for directors, particularly in liquidation situations. The judgment in question clarifies that if directors carry out liquidation or diversion actions in the tax year preceding the liquidation, they may be held liable ex lege. This point is crucial as it establishes that the liability is civil in nature and not tax-related, thus limited to direct taxes.

LIABILITY AND OBLIGATIONS OF DIRECTORS, LIQUIDATORS, AND SHAREHOLDERS Liability of the director under Article 36 of Presidential Decree No. 602 of 1973 - Nature - Consequences - Relevant conduct - Failure to pay due taxes - Applicability - Value-added tax or production activities - Sanctions - Exclusion. In terms of collection, the liability of directors who have carried out liquidation or diversion actions in the tax year prior to the liquidation, as provided for in Article 36, paragraph 4, of Presidential Decree No. 602 of 1973, constitutes a distinct liability, ex lege, of a civil nature and not tax-related for the failure to pay due taxes and interests, but, given the scope of the regulation, it is relevant only in matters of direct taxes and not also for value-added tax or production activities, nor can it include any sanctions that may be imposed.

Practical Implications of the Judgment

The practical implications of this judgment are manifold. Directors must pay particular attention to the operations carried out during the liquidation period, as they may incur liability for the failure to pay taxes. It is therefore essential that directors are well informed about their responsibilities and the obligations provided by current legislation.

  • Liability limited to direct taxes.
  • Exclusion of sanctions in case of failure to pay taxes.
  • Need for transparent and compliant management during liquidation.

Conclusions

In conclusion, Judgment No. 9170 of 2024 represents an important clarification of the regulations regarding the liability of directors in the liquidation phase. Understanding these aspects is crucial to avoid legal issues and to ensure correct management of taxes. Directors must be aware of their responsibilities and act cautiously to avoid negative consequences.

Bianucci Law Firm