Decreto-Legge n 66/2014 which was published on 24 April 2014 reduces the rates of the regional tax on productive activities (IRAP). This amendment is awaiting ratification from parliament within 60 days but could be subject to further alterations before approval. The standard rate of IRAP is reduced from 3.9 percent to 3.5 percent and the other rates applying to different sectors such as banks and insurance companies are also reduced by around 10 percent. The reductions apply from FY 2014. It should be noted that the regions of Italy have the power to change the standard IRAP rate by up to 0.92 percent.
Related Posts
Italy confirms single economic zone tax credit for pre-notification leased equipment
The Italian Revenue Agency announced the issuance of Response no. 169 on 3 September 2026, in which it ruled that
Read More
Italy: Revenue Agency introduces automatic VAT settlement for unfiled returns
Italy’s Revenue Agency has published implementation rules for a new automatic VAT settlement process introduced by
Read More
Italy confirms tax exemption for business transferees after failed restructuring
The Italian Revenue Agency clarified on 1 September 2026 that a business transferee retains full tax exemption even
Read More
Italy extends reduced diesel and biodiesel excise rates through 5 September 2026
Italy has extended reduced excise duty rates on diesel fuel, gas oil and biodiesel for the period from 27 August to 5
Read More
Italy gazettes postponement of EUR 2 administrative handling fee on low-value imports
Italy has published Law No. 152 of 7 August 2026 in the Official Gazette, which converts Decree-Law No. 107 of 26 June
Read More
Italy: Omnibus tax decree, reshapes corporate tax, VAT, compliance rules
The Italian Revenue Agency has announced that it published Legislative Decree No. 148 of 7 August 2026 (the Omnibus Tax
Read More