Italy

In Ruling No. 174/2026 dated 16 September 2026, the Italian Revenue Agency clarified the calculation of the Single Fiscal Regularity Document (Durf). The ruling confirms that taxes paid abroad by an enterprise, including withholding taxes on interest income and foreign income taxes, can be included in the numerator of the ratio between tax payments and

On 11 September 2026, the Italian Department of Finance (Dipartimento delle Finanze) published the latest quarterly synthesis from the VAT Observatory (Osservatorio delle partite Iva), covering the second quarter of 2026. The report reveals that 124,170 new VAT numbers were opened in Italy between April and June 2026, marking a 2.2% increase compared to the

On 11 September 2026, the Italian Revenue Agency (Agenzia delle Entrate) issued ruling No. 171 clarifying the tax treatment of a merger by incorporation between an agricultural simple society (società semplice agricola) and a Foundation registered in the National Single Register of the Third Sector (Runts). The ruling confirms that when the transferred assets do

On 10 September 2026, the Italian Revenue Agency published ruling No. 170/2026 addressing the tax treatment of income derived from digital financial instruments. The ruling establishes that the manager of the register for digital circulation (gestore del registro per la circolazione digitale) cannot be equated to a traditional financial intermediary and therefore cannot operate as

On 10 September 2026, the Official Gazette published Decree 24 July 2026, issued by the Minister of Agriculture, Food Sovereignty and Forests in concert with the Minister of Economy and Finance, implementing the tax credit for the purchase of diesel and gasoline for agricultural activities introduced by Article 8‑ter of Decree‑Law No. 38 of 27

On 10 September 2026, the Italian Revenue Agency (Agenzia delle Entrate) published the latest real estate transaction statistics for the second quarter of 2026 through its Real Estate Market Observatory (OMI). The data indicates a stabilization in the residential property market, while non-residential segments, particularly retail shops and workshops, recorded a notable 5.7% increase in

On 9 September 2026, the Italian Official Gazette published Legislative Decree No. 141/2026, establishing the Unified Text on Tax Compliance and Assessment (Testo unico adempimenti e accertamenti). This landmark decree harmonizes the control, audit, and assessment rules for a broad spectrum of indirect taxes, including mortgage and cadastral taxes (imposte ipo-catastali), stamp duty (imposta di

On 8 September 2026, the Italian tax authority (Agenzia delle Entrate) published an authoritative commentary on the control activities regulated by the new Unified Text on Tax Compliance and Assessment (Legislative Decree 141/2026). The analysis drills down into the practical implementation of the Administration’s investigative powers—specifically access to premises, inspections, verifications, formal invitations to provide

On 8 September 2026, the Organisation for Economic Co-operation and Development (OECD) announced that its public consultation on the revision of Chapter VII of the Transfer Pricing Guidelines—which governs the pricing of intra-group services—had attracted a record 140 written contributions from a diverse array of stakeholders. The consultation, which ran from 1 June to 31

On 7 September 2026, the Italian Department of Finance released the monthly Tax Revenue Bulletin (Bollettino delle entrate tributarie) for July 2026, accompanied by statistical appendices, technical notes, and the 2002–2026 historical series. According to the competence-based accrual criterion, total state tax revenue for January–July 2026 reached €346,123 million. Direct taxes recorded an increase of