Italy

As of 3 September 2026, the Italian Revenue Agency (Agenzia delle Entrate) has published updated guidance on the deduction of mortgage interest expenses (interessi passivi) in the 2026 tax return (Modello 730/2026 and Modello Redditi PF). The deduction allows a 19% Irpef credit on interest paid, but the limits and eligibility criteria vary significantly depending […]

On 3 September 2026, the Italian Revenue Agency (Agenzia delle Entrate) published Response No. 169/2026 confirming that the ZES Unica (Single Special Economic Zone) tax credit applies to investments made through leasing contracts signed and delivered before the mandatory preventive communication, provided the project is deemed initiated after the incentive’s entry into force. The ZES

In ordinance No. 24653/2026 dated 3 September 2026, the Italian Supreme Court ruled that the favorable tax regime under Article 5 of Law No. 168/1982 — which provides fixed registration, mortgage, and cadastral taxes for transfers of properties subject to urban recovery plans — is not applicable when the detailed urban plan (piano particolareggiato) has

On 2 September 2026, the Italian Revenue Agency released detailed guidance on deductible and creditable contributions (oneri deducibili e detraibili) for the 2026 tax filing season. The update covers a wide range of contributions: complementary pension schemes, domestic worker social security contributions (colf, badanti), health fund contributions, university degree redemption costs, and voluntary donations to

The Italian Supreme Court, in ruling No. 27479/2026 published on 2 September 2026, addressed the tax classification of income derived from occasional sales of artworks. The decision draws a clear line between three categories: professional art dealers (generating business income), occasional speculators (generating miscellaneous income — redditi diversi under Article 67, paragraph 1, letter i)

Effective 1 September 2026, the Italian tax authorities have clarified the application of the first-home repurchase tax credit (credito d’imposta per riacquisto prima casa) in the 2026 income tax return. This credit allows taxpayers who sell their primary residence and buy a new one within one year to offset the registration tax (imposta di registro)

On 1 September 2026, the Italian Revenue Agency issued Legal Consultation No. 9/2026, clarifying that the tax liability exemption for the acquirer of a business (cessionario d’azienda) under Article 14 of Legislative Decree No. 472/1997 remains intact even if the seller’s fiscal transaction (transazione fiscale) concluded within a debt restructuring agreement is later resolved due

On 1 September 2026, the Italian Revenue Agency released Response No. 166/2026, addressing the VAT treatment and entertainment tax obligations for activities organized by forest consortia (consorzi forestali). The ruling concerned guided tours along naturalistic trails, educational workshops, and an immersive museum classroom experience (aula museale immersiva). The Agency determined that these activities do not

On 1 September 2026, the Italian Supreme Court (Corte di Cassazione) published ordinance no. 20298/2026, establishing that the transfer of a composite bundle of productive assets—encompassing personnel, contracts, inventory, and equipment—may be recharacterized as a transfer of a going concern (cessione d’azienda) rather than a simple supply of goods. This reclassification shifts the applicable tax

On 31 August 2026, the Italian Supreme Court (Corte di Cassazione) issued ordinance no. 23915/2026, confirming that a VAT credit arising in a tax period for which the taxpayer failed to file the periodic VAT declaration cannot be carried forward and deducted in subsequent periods. The Court ruled that the omission of the declaration creates