On 11 April 2024, Italy’s Revenue Agency announced it released Circular 8/E to clarify the simplification of tax return compliance under Legislative Decree No. 1 of January 2024 or the “Compliance Decree.” The Circular provides simplification guidelines related to income tax, IRAP (regional production tax), and income tax withholding. The Circular 8/E also includes explanations of the changes to the annual return calendar and the new return deadlines. These are as follows:
Tax period in progress as of 31 December 2023:
Individual taxpayers
- Electronically: between 1 May 2024 and 15 October 2024
- Not electronically: between 1 May 2024 and 1 July 2024
Corporate (IRES) taxpayers
- With 15 October 2024 if following the calendar year of the tax period
- by the 15th day of the 10th month if not following the calendar year
Withholding agents (Model 770)
- by 31 October 2024
Tax period in progress as of 31 December 2024:
Individual taxpayers
- Electronically: between 15 April 2024 and 30 September 2025
- Not electronically: between 5 April 2024 and 30 June 2025
Corporate (IRES) taxpayers
- Between 15 April 2025 and 30 September 2025 if following the calendar year of the tax period
- Within the last day of the 9th month if not following the calendar year
Withholding agents (Model 770)
- Between 15 April 2025 and 31 October 2025
Tax period in progress as of 31 December 2025 and later:
Individual taxpayers
- Electronically: between 1 April 2025 and 30 September 2025
- Not electronically: between 1 April 2025 and 30 June 2025
Corporate (IRES) taxpayers
- Between 1 April 2025 and 30 September 2025 if following the calendar year of the tax period
- Within the last day of the 9th month if not following the calendar year
Withholding agents (Model 770)
- Between 1 April 2025 and 31 October 202
Circular 8/E also clarifies that the updated deadlines will be effective as of 2 May 2024. If the deadline for submitting a return for a non-calendar tax period before the current tax period as of 31 December 2023 expires after 2 May 2024 under the existing submission deadline, in that case, the previous submission deadline will be applicable. For instance, the previous deadline for submitting income tax and IRAP returns for a company with a tax period from 1 July 2022 to 30 June 2023 is 31 May 2024, which is still valid.
