Italy gazettes Decree regulating exemption from loss carry-forward restrictions for intra-group restructurings
Italy has implemented an exemption from tax loss carry-forward restrictions for intra-group restructurings under Article 177-ter of the Income Tax Code, effective from 31 December 2024. Italy’s Ministry of Economy and Finance has published the
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Italy: Council of Ministers approves additional supplementary and corrective amendments to tax reform
The bill simplifies regulations, enhances transparency and fairness, revises the Taxpayer's Bill of Rights, and clarifies the self-assessment process with added sanctions. Italy’s Council of Ministers has preliminarily approved a Legislative
See MoreItaly: Council of Ministers approves draft VAT consolidation code
The new consolidated VAT law has been structured into 18 sections and 171 articles. Italy’s Council of Ministers, in a press release on 14 July 2025, has given preliminary approval to a Legislative Decree aimed at consolidating and reorganising
See MoreItaly clarifies VAT split-payment exemption effective date for listed companies
Italy has abolished the VAT split-payment system for FTSE MIB-listed companies, effective 1 July 2025. Italy has abolished the VAT split-payment system requirement for companies listed on the FTSE MIB index, as per Decree-Law No. 84 of 17 June
See MoreItaly signs DPI MCAA for automatic exchange of digital platform income dataÂ
A total of 31 jurisdictions have signed the DPI MCAA as of 3 July 2025. Italy has signed the Multilateral Competent Authority Agreement on Automatic Exchange of Information on Income Derived Through Digital Platforms (DPI MCAA) under the OECD
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Italy gazettes law authorising government to implement DAC8
The law establishes the European Delegation Law 2024, allowing the government to directly implement EU Directives through Legislative Decrees without further parliamentary approval. Italy has published Law No. 91 of 13 June 2025 (the European
See MoreItaly: Council of Ministers extends sugar tax suspension, lowers VAT on art and antiques
The effective date has been delayed from 1 July 2025 to 1 January 2026. Italy’s Council of Ministers approved a decree-law on 20 June 2025, delaying the sugar tax's effective date from 1 July 2025 to 1 January 2026. Additionally, the law
See MoreItaly clarifies tax credits for property refurbishments
Tax credits for qualifying expenses are 36% (50% for first dwellings) in 2025, and 30% (36% for first dwellings) in 2026-2027. Italy’s tax authorities have issued Circular No. 8/E on 19 June 2025, clarifying tax credits for property
See MoreItaly amends CFC rules, tax loss carry-forward provisions
The adopted tax measures include updates to controlled foreign company (CFC) rules and tax loss carry-forward provisions. Italy has published Decree No. 84 of 17 June 2025 in Official Gazette No. 138 on 17 June 2025, introducing changes to the
See MoreItaly extends deadline for penalty protection on hybrid mismatch documentation
Calendar-year taxpayers now have until 31 October 2025 to finalise documentation for the years 2020 through 2024. Italy’s Ministry of Economy and Finance has issued Decree Law No. 84 on 17 June 2025, extending the deadline for taxpayers to
See MoreItaly announces tax incentive for hiring researchers
Italy has passed a law focused on education, technical institutes, teachers, school infrastructure, and tax credits for companies hiring researchers. Italy has enacted Law No. 79 of 5 June 2025, which was published in the Official Gazette. This
See MoreItaly: Council of Ministers approves amendments to tax reform
Italy approved a new Legislative Decree on June 4, 2025, updating tax compliance, litigation, penalties, and the 2-year preventive composition procedure (CPB). Italy’s Council of Ministers has approved a Legislative Decree on 4 June 2025, which
See MoreItaly issues guidance on DST for online gaming and betting
Italy's tax authority issued guidance on applying the 3% digital services tax (DST) to the online gaming and betting industry. Italy’s tax authority (ITA) released Tax Law Principle (TLP) No. 6/2025 on 3 June 2025, offering guidance on the
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Italy, Uzbekistan sign investment protection agreement
Italy and Uzbekistan signed an investment protection agreement (IPA) on 29 May 2025. Italy and Uzbekistan signed an investment protection agreement (IPA) on 29 May 2025. The agreement aims to support Uzbekistan in improving its legal
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Italy, Kyrgyzstan sign investment protection agreement
Italy and Kyrgyzstan signed an investment protection agreement (IPA) on 30 May 2025. Italy and Kyrgyzstan signed an investment protection agreement (IPA) on 30 May 2025. The IPA between Italy and Kyrgyzstan aims to promote and protect
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Italy: Finance ministry updates synthetic reliability indices
Italy’s finance ministry issued a ministerial decree on 28 May 2025, updating the synthetic indices of reliability (ISA) for the 2024 fiscal year.  Italy’s Ministry of Economy and Finance has published the Ministerial Decree of 24 April
See MoreItaly to abolish VAT split payment for FTSE MIB firms by July 2025
Italy has extended the VAT split payment system until 30 June 2026 for most public sector transactions. From 1 July 2025, FTSE MIB-listed companies must exit the regime and return to the standard VAT system. Italy has extended the VAT split
See MoreItaly: Council of Ministers approves draft code on registration and indirect taxes
 Italy preliminarily approves decree consolidating registration and indirect taxes to simplify compliance, excluding VAT. The Italian Council of Ministers granted preliminary approval to a Legislative Decree consolidating the rules on
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