Italy: new rules on taxation of digital economy services partially repealed

Italy will apply its planned EUR 2 levy on low-value commercial parcels in addition to the European Union's customs duty, Economy Minister Giancarlo Giorgetti told parliament on 8 July 2026. Under the proposal, the Italian government will impose

Italian investors holding shares in collective investment funds can now participate in cross-border UCITS (undertakings for collective investment in transferable securities) mergers tax-free. The Italian Revenue Agency confirmed this position on 20

The Italian Revenue Agency has published a new FAQ on the Pillar Two Global Minimum Tax (GMT) on 17 July 2026, expanding on the guidance first issued on 29 May 2026. While the original FAQs covered topics such as reporting obligations, safe

The Italian Revenue Agency confirmed on 17 July 2026 that dissolving a trust and returning assets to the settlor triggers no gift or inheritance tax, provided no beneficiaries receive the property. Response no. 146 of 16 July 2026 clarifies a

Italy has received approval to continue applying its VAT split-payment system following the adoption, without discussion, of an EU Council Implementing Decision at the Economic and Financial Affairs (ECOFIN) Council meeting held on 10 July

Italy’s Revenue Agency has issued Response no. 139 on 10 July 2026, confirming that companies undergoing severe corporate restructuring do not automatically forfeit their Transition 4.0 tax credits. The ruling emphasises that the true deciding