Italy

The Italian Tax Authority has released the dedicated tax code for the utilization of the tax credit (credito d’imposta) granted to companies investing in eco-friendly packaging as part of the circular economy strategy. The credit can only be used in compensation (compensazione) through the F24 form submitted via the Agency’s telematic services. The measure incentivizes

In ruling n. 187/2026, the Italian Revenue Agency confirmed that scholarships awarded under the Erasmus Mundus Joint Masters (EMJM) program are exempt from personal income tax (IRPEF). The Agency recognized the continuity between the former Erasmus Mundus program and the current Erasmus+ framework, applying the same tax exemption rationale. The decision provides certainty for students

As of the current date, businesses that have made investments qualifying for the new hyper-ammortization (iper-ammortamento) regime can transmit the mandatory final communication (adempimento conclusivo) certifying the completion of the investment projects. This filing is a prerequisite to access the enhanced depreciation deductions (up to 270% of cost) for Industry 4.0 assets. The transmission must

The Italian Revenue Agency clarified that for the purpose of computing the Global Minimum Tax (GMT) under the Pillar Two framework, the relevant financial data is that contained in the approved financial statements of the constituent entities. Adjustments arising from the new accounting standard OIC 34 (which aligns Italian GAAP with IFRS for certain items)

The Agency confirmed that tax benefits for the acquisition of agricultural land—specifically the “small peasant property” (piccola proprietà contadina) and mountain land incentives—are not lost if the acquiring company merges into another entity within five years of purchase, provided the surviving entity remains an agricultural enterprise qualified as an IAP (Imprenditore Agricolo Professionale) and continues

Insurance companies operating in Italy are required to pay an advance contribution on premiums for motor third-party liability (RC auto) and watercraft insurance by 16 November each year, as mandated by the 2025 Budget Law. The Revenue Agency has published the specific tax codes to be used on the F24 Accise form for this payment.

The Revenue Agency clarified that standalone electricity storage devices (accumulatori di energia elettrica) do not qualify for the reduced VAT rate (10%) reserved for components essential to the construction of photovoltaic systems. Since batteries are not indispensable for the operation of the solar plant itself—they store energy but do not generate it—they are subject to

The Italian Revenue Agency has issued updated guidance on the tax implications of the Business Crisis and Insolvency Code (Codice della Crisi d’Impresa e dell’Insolvenza). The analysis focuses on the institutes of over-indebtedness (sovraindebitamento) and the role of the tax administration in the evaluation procedures concerning consumers, minor entrepreneurs, and the discharge of insolvent debtors

The Agency, aligning with established case law, confirmed that the judicial decree granting discharge (esdebitazione) to an insolvent debtor (debitore incapiente) under the over-indebtedness procedure is subject to registration tax in a fixed amount (imposta fissa). However, if the decree includes provisions that confer a patrimonial benefit—such as the transfer of assets or the extinction

Starting 27 October 2026, the CNDCEC’s training arm (FNC Formazione) delivers a nine-lesson online course dedicated to the new Unified VAT Testo Unico IVA, which becomes effective 1 January 2027. The program, structured over six weeks concluding 2 December 2026, covers the consolidated VAT framework, alignment with EU Directive 2006/112/EC, digital invoicing obligations, cross-border supply