Italy

As of 2 October 2026, a detailed analysis clarifies the civil and tax treatment of advances on the End-of-Mandate Indemnity (TFM – Trattamento di Fine Mandato) for company directors (amministratori). Unlike the Employee Severance Pay (TFR), which is subject to strict statutory constraints (art. 2120 Civil Code) prohibiting advances during employment, the TFM for directors

On 2 October 2026, the Italian Supreme Court (Corte di Cassazione) reaffirmed that mere bank traceability (bonifico) of funds from a shareholder to the company is insufficient to prove that a shareholder loan (finanziamento soci) is genuine and not a disguised distribution of hidden revenues (ricavi occulti). The Court requires a holistic assessment of: (1)

Published on 2 October 2026, Supreme Court ordinance n. 25428/2026 clarifies a key procedural issue in tax litigation: the domicile elected by the taxpayer in the first-instance tax commission (Commissione Tributaria Provinciale) remains effective for the notification of the appeal (appello) to the Regional Tax Commission (Commissione Tributaria Regionale), even if the appeal is filed

On 1 October 2026, the Italian Revenue Agency made available in the taxpayer’s digital tax drawer (Cassetto Fiscale) the synthetic summary sheet for the Cooperative Compliance regime (CPB – Collaborazione Preventiva e Trasparenza) for the 2026-2027 biennium. This document is crucial for entities renewing their adhesion after the inaugural 2024-2025 period. It outlines the enhanced

Published on 1 October 2026, Principle of Right n. 3/2026 addresses the allocation of profits among partners in Società Tra Professionisti (STP) and Società Tra Avvocati (STA) constituted as simple partnerships (società semplici). The Revenue Agency clarifies that professional partners (those performing the professional activity) may determine their profit shares up to the deadline for

On 1 October 2026, the editorial team of Commercialista Telematico released the official calendar of tax deadlines for October 2026, updated for all current legislative provisions. The calendar covers key dates for VAT monthly/quarterly payments (LIPE), periodic VAT settlements, withholding tax payments (ritenute su redditi di lavoro dipendente e autonomo), INPS social security contributions, substitute

On 1 October 2026, the Revenue Agency clarified through a principle of right that the 30-day deadline to file an adhesion request (istanza di adesione) to a tax settlement deed (schema di atto) is not suspended during the August ferial period (1-31 August) nor during the administrative suspension (1 August – 4 September). This means

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

Published on 30 September 2026, this first part of a four-part series provides the foundational framework for classifying business real estate (immobili d’impresa) under Italian accounting standards (OIC) and tax law. The classification drives fundamentally different treatment for balance sheet presentation, depreciation, impairment testing, capital gains taxation, and VAT recovery. The article distinguishes three categories:

On 30 September 2026, the Italian Department of Finance released the statistical report on electronic invoicing flows for the period January through July 2026. The analysis, based exclusively on domestic business-to-business transactions, reveals a 4.4% increase in the VAT taxable base compared to the same period in 2025. This growth confirms the positive trajectory observed