Italy and Turkey: Social Security Agreement comes into effect

Italy’s Revenue Agency has clarified on 8 July 2026 that Simple Agreements for Future Equity (SAFE) contracts used by early-stage startups meet the definition of "convertible investments" and therefore qualify for the 65% individual income tax

Italy has published Legislative Decree No. 117 of 19 June 2026 in the Official Gazette, introducing a new consolidated Income Tax Code (Testo Unico delle disposizioni legislative in materia di imposte sui redditi) that will apply from 1 January

Turkey's Tax Administration has issued General Communiqué No. 26, providing final guidance on the corporate income tax amendments introduced by Law No. 7577 and Law No. 7582. The Communiqué, which entered into force on 4 July 2026, confirms the

Italy’s Department of Finance has launched a public consultation on 22 June 2026 regarding a draft legislation implementing part of the EU Directive 2025/516 regarding VAT rules for the digital age (often referred to as ViDA). The proposed

Turkey's Tax Administration has extended the deadline for filing and paying the Global Minimum Top-up Corporate Tax for the 2024 fiscal year. The extension was announced in Circular No. 203/2026-9 on the Tax Procedure Law on 26 June 2026. Using

The Italian Ministry of Economy and Finance and the Revenue Agency have published coordinated guidance on Global Minimum Tax reporting, including centralised filing procedures for the GloBE Information Return and comprehensive FAQs addressing Pillar