As of 1 October 2026, the Italian Ministry of Economy and Finance (MEF), the Revenue Agency (Agenzia delle Entrate), and the National Council of Chartered Accountants (CNDCEC) have jointly unveiled a comprehensive restyling of the Biennial Preventive Agreement (Concordato Preventivo Biennale – CPB). This initiative aims to enhance the instrument’s effectiveness by fostering deeper institutional collaboration among the key stakeholders. The reform follows extensive dialogue between the MEF, the Revenue Agency, and the accounting profession, represented by President Elbano de Nuccio, Deputy Minister Maurizio Leo, Agency Director Vincenzo Carbone, and senior officials. The restyling focuses on streamlining procedures, improving legal certainty, and broadening the appeal of the CPB as a cooperative compliance tool for businesses and professionals.
Key Takeaways
- Enhanced Institutional Collaboration: The restyling formalizes a structured dialogue platform between the MEF, the Revenue Agency, and the CNDCEC, ensuring that practical insights from tax professionals directly shape regulatory guidance and administrative practices. This collaborative framework is expected to reduce interpretative disputes and accelerate ruling processes.
- Operational Improvements for Taxpayers: The updated CPB introduces clearer eligibility criteria, simplified documentation requirements, and a more transparent timeline for agreement finalization. These changes lower compliance costs and encourage wider adoption among small and medium-sized enterprises seeking tax certainty.
- Alignment with European Cooperative Compliance Trends: The reforms align Italy’s CPB with OECD and EU best practices on cooperative compliance, positioning the instrument as a model for trust-based tax administration. The move signals Italy’s commitment to reducing tax litigation and fostering a collaborative tax environment.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement