Italy to impose duty on Chinese fast-fashion imports to safeguard domestic industry
Italy plans a new tax on Chinese fast fashion imports, targeting online retailers like Shein and Temu, to protect its domestic fashion industry from low-cost competition. Italy is planning to introduce an additional tax on Chinese fast fashion
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Italy: MoF presents draft budget plan for 2026-28
Italy’s 2026 budget introduces a new three-year tax credit for businesses in SEZs, extends plastic, sugar, and tourist tax exemptions until 2026, allocates EUR 100 million for SLZs, and refinances the Nuova Sabatini incentive. Italy’s
See MoreItaly: Council of Ministers gives preliminary approval to DAC8 implementation decree
The decree implements the DAC8 directive, introducing reporting requirements and the automatic exchange of data on crypto-asset transactions by operators. Italy’s Council of Ministers announced it has preliminarily approved the Legislative
See MoreItaly: Chamber of Deputies approves income tax treaty with Kosovo
The agreement aims to eliminate double taxation on income and prevent tax evasion and avoidance between the two countries. Italy’s Chamber of Deputies (lower house) has approved the ratification of its income tax treaty with Kosovo on 8
See MoreItaly: Senate ratifies telework protocol to 2020 agreement with Switzerland
The approved protocol with Switzerland permanently allows cross-border workers to telework up to 25% of their hours, replacing the temporary 2024 arrangement under the 2020 agreement with Italy. Italy’s Senate has approved the ratification of
See MoreItaly extends deadline for comprehensive overhaul of tax system
The reform reduces tax burdens, improves legal certainty, implements OECD BEPS Pillar Two and seeks to attract foreign investment. Italy has published Law No. 120 of 8 August 2025 in the Official Gazette No. 184 of 9 August 2025, announcing the
See MoreItaly: Revenue agency clarifies eligibility for two VAT groups within a multinational group
The tax authorities clarified that a single EU holding company can indirectly include Italian entities in two separate VAT Groups when expanding in Italy through acquisitions and establishing a permanent presence. Italy’s tax authorities
See MoreItaly: Revenue agency clarifies VAT treatment of transfer pricing adjustments
Transfer pricing adjustments fall outside VAT unless directly tied to specific supplies as price variations; otherwise, they are treated as profit allocations to align with arm’s length margins and not VAT-relevant. Italy’s revenue agency
See MoreItaly: Tax authorities revise guidelines for tax control frameworkÂ
The tax control framework (TCF) is aimed at detecting, measuring, managing, and controlling tax risks for taxpayers in the cooperative compliance programme to foster improved communication and cooperation with tax authorities. Italy’s tax
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Italy introduces conditional IRES rate cut to reward responsible corporate growth
 The incentive is available to Italian-resident joint-stock companies, commercial entities, and permanent establishments of non-resident companies, and non-commercial entities on income from commercial activities. Italy’s Ministry of Economy
See MoreItaly: Revenue Agency approves notification form for companies opting out of GIR submission under the global minimum taxÂ
The Order of 7 August 2025 introduces a form model for companies under the GMT opting out of submitting the global information return (GIR). The Italian Revenue Agency has issued the Order of 7 August 2025, approving a notification form for
See MoreItaly implements emergency tax revisions on CFC, hybrid mismatch penalty rules
Urgent tax measures include revising the domestic CFC rules, tax loss carry-forward provisions, and the penalty protection regime for hybrid mismatch assessments. Italy’s parliament converted Law Decree No. 84 of 17 June 2025 into law with
See MoreItaly issues VAT rules for transportation and logistics sector
The new VAT rules mandate customers in the transportation, freight handling, and logistics sectors to pay VAT on behalf of suppliers for subcontracting, consortiums, or similar contracts. Italy’s director of tax authorities has enacted
See MoreItaly: Council of Ministers approves consolidated code on registration, indirect taxes
The legislative decree consolidates the code for registration tax and other indirect taxes, excluding VAT, aimed at reorganising existing regulations to simplify compliance and reduce administrative burdens for taxpayers. Italy’s Council of
See MoreItaly 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
See MoreItaly: 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
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