Italy has published the Legislative Decree No. 192 of 13 December 2024 in Official Gazette No. 294 of 16 December 2024, introducing further advancements in the reform of corporate income tax regulations.
The decree introduces several tax measures, including changes to the eligibility requirements for the tonnage tax scheme and adjustments to the coefficients used in the vitality test for determining whether a company is considered dormant and in calculating its taxable income.
The decree also revises rules on the carry-forward of tax losses for eligible companies undergoing business restructuring, updates tax regimes for demergers through spin-offs and qualifying transfers of assets or shares, and modifies the rules for determining taxable income for companies undergoing liquidation procedures.
The decree will go into effect on 31 December 2024.
