The Italian Chamber of Deputies approved the law ratifying the income tax treaty with Libya on 8 January 2025. This follows after Italy’s Senate ratified the pending income tax treaty with Libya on 11 September 2024. Signed on 10 June 2009, it

Italy’s Revenue Agency has approved the Annual VAT Return Form for the 2025 filing period, covering the 2024 tax year on 15 January 2025. A Basic Annual VAT Return Form is now available for qualifying taxpayers. Both annual return forms must be

Italy has enacted Law No. 207 of 30 December 2024, outlining the 2025 State Budget along with the multi-year financial plan for 2025-2027. The Law took effect on 1 January 2025. The key measures include: Removal of the Italian revenue

Italy’s Ministry of Economy and Finance has published the Ministerial Decree of 20 December 2024 in Official Gazette No. 304 of 30 December 2024. The Decree outlines additional implementation rules for the top-up tax introduced under Legislative

The Korea-Philippine Free Trade Agreement (FTA) entered into force on 31 December 2024, as announced by the Korean Embassy in Manila on Monday, 30 December 2024. Under the Free Trade Agreement (FTA), South Korea will eliminate tariffs on 94.8% of

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