China, Italy new tax treaty enters into force
The new income tax agreement between China and Italy was enacted on 19 February 2025. Signed on 23 March 2019, it replaces the 1986 treaty between China and Italy. The agreement aims to eliminate double taxation on income and prevent tax
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Italy: Finance department clarifies general anti-avoidance rule
Italy’s finance department has issued guidelines on applying the general anti-avoidance rule (GAAR) under article 10-bis of Law No. 212 of 27 July 2000 on 27 February 2025. The document outlines the abuse of law doctrine and examines the key
See MoreItaly publishes global minimum tax notification, withholding tax return form
Italy's Ministry of Finance released the withholding tax return form ‘Modello 770/2025’ and its instructions for fiscal year 2024 on 24 February 2025. The form was approved under Protocol No. 75896/2025. Eligible withholding agents and
See MoreItaly: Google settles tax dispute for EUR 326 million, Amazon faces EUR 3 billion VAT evasion penalty
Google has settled a tax dispute with Italy’s tax authorities by paying EUR 326 million for alleged unpaid taxes from 2015 to 2019. The payment includes sanctions, penalties, and interest. Italian prosecutors had investigated Google for not
See MoreItaly releases jurisdictions with transitional qualified status for Pillar Two
Italy’s Ministry of Economy and Finance has released a document listing jurisdictions with transitional qualified status for implementing the domestic minimum top-up tax (DMTT) and income inclusion rule (IIR). The list also shows which DMTTs
See MoreItaly ratifies tax treaty with Libya
Italy published Law No. 2 of 16 January 2025 in its Official Gazette on 24 January 2025, ratifying the income tax treaty with Libya. This follows after Italy’s Chamber of Deputies approved the law ratifying the income tax treaty with Libya on 8
See MoreItaly announces qualified jurisdictions for supplementary, national minimum tax
Italy’s Ministry of Economy and Finance has published a list of jurisdictions, on 23 January 2024, that have enacted supplementary minimum tax and national minimum tax laws. These jurisdictions have obtained the transitional “qualified” status
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Italy gazettes law introducing new VAT reverse charge for logistics
The Italian Budget Law for 2025 (Law No. 207 of 30 December 2024) was published in the Official Gazette on 31 December 2024 which introduces a new value added tax (VAT) reverse charge mechanism specifically for transport, handling, and logistics
See MoreItaly: European Commission approves extension of tonnage tax regime
The European Commission published a decision on 21 January 2025, approving the extension of Italy's tonnage tax regime for maritime transport activities. Initially introduced in December 2004, it has been extended several times since. The regime
See MoreItaly revises loss carryforward rules after control change
Italy has published Legislative Decree No. 192/2024 in the Official Gazette on 13 December 2024, introducing a key amendment in which the regulations on loss limitations have been updated following a reorganisation that leads to a change in
See MoreItaly: Chamber of Deputies approve tax treaty with Libya
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
See MoreItaly approves VAT return form for 2025 filing
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
See MoreItaly outlines state budget for 2025, lowers corporate tax for reinvestment
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 was published in the Official Gazette on 31 December 2024 and took effect on 1 January 2025. The
See MoreItaly issues decree on Pillar Two rules, deferred tax attributes on transition
Italy’s Ministry of Economy and Finance has published the Ministerial Decree of 20 December 2024 in the Official Gazette No. 304 of 30 December 2024. The Decree outlines additional implementation rules for the top-up tax introduced under
See MoreItaly gazettes corporate income tax reform measures
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
See MoreItaly to allow software based storage, transmission of daily receipt data reporting
Italy has published Legislative Decree 1/2024 on Rationalization and Simplification of the Rules on Tax Compliance in 2024. The decree was designed to streamline compliance and enhance efficiency for businesses. Under Article 24, using software
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Italy introduces rules to prevent VAT fraud on imports
Italy has published two decrees to prevent value added tax (VAT) fraud on imports under EU Directive 2006/112/EC. Decree 4/12/24 and Decree 9/12/24, was published in the official gazette on 9 December 2024 and 13 December 2024. The decrees
See MoreItaly: Chamber of Deputies approve 2025 budget
Italy's government has secured a win in the Chamber of Deputies on 20 December 2024 by securing a confidence vote on its 2025 budget. The budget seeks to reduce next year’s fiscal deficit to 3.3% of gross domestic product (GDP), down from the
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