Italy

On 8 October 2026, the Italian National Council of Chartered Accountants (CNDCEC) and the Revenue Agency (Agenzia delle Entrate) published a dedicated webinar covering the Biennial Preventive Concordat (Concordato Preventivo Biennale) for the 2026-2027 tax period. The session, featuring Vice Minister Maurizio Leo and Revenue Agency Director Vincenzo Carbone, addresses the renewed framework allowing taxpayers

Taxpayers who commenced facade renovation works in 2021 under the Facade Bonus (Bonus Facciate) must submit the communication of completion (comunicazione di ultimazione lavori) by 31 December 2026 to retain the 90% tax deduction. The reminder, issued 8 October 2026, stresses that failure to communicate forfeits the benefit. Key Takeaways Mandatory Communication: Must be filed

Effective 1 January 2027, the flat-rate regime (regime forfettario) will reduce the maximum allowable revenue from employment or pension income for eligibility. The new limit aims to target the regime more precisely at genuine entrepreneurs. Announced 8 October 2026, giving taxpayers time to assess alternative regimes. Key Takeaways Lower Threshold: The exact figure will be

Taxpayers have until 26 October 2026 to file a supplementary 730 form for the 2026 tax year to correct errors that result in a higher credit, lower debt, or unchanged tax. If corrections increase tax due or reduce credit, a different procedure applies. The article outlines eligible corrections and filing mechanics. Key Takeaways Eligible Corrections:

Legislative Decree 147/2026, effective 1 January 2027, aligns local tax penalties with the general tax penalty framework and expands the voluntary disclosure (ravvedimento operoso) mechanism. It introduces predetermined penalty measures for IMU (property tax), TARI (waste tax), and tourist stay tax violations, providing greater certainty for taxpayers and municipalities. Key Takeaways Harmonized Penalty Framework: Penalties

The statute of limitations for tax assessments no longer depends solely on the declaration filing year. Recent reforms introduce multiple extension factors: ISA (Synthetic Reliability Indices) benefits, payment traceability, renewal of the Biennial Preventive Agreement (CPB), special voluntary disclosures, supplementary declarations, tax credits, and preventive contraddittorio. The article maps deadlines from 2026 to 2029. Key

Legislative Decree 122/2026 overhauls access to the Register of Beneficial Owners, ending unrestricted public consultation. It establishes three distinct access regimes: for competent authorities, for obliged entities (banks, professionals), and for persons demonstrating a legitimate interest. Professionals must adapt their due diligence procedures accordingly. Key Takeaways Tiered Access: Authorities have full access; obliged entities access

On 8 October 2026, the Fondazione Nazionale di Ricerca dei Commercialisti (National Research Foundation of Chartered Accountants) announced a specialized training course addressing the transformative impact of Legislative Decree 47/2026 on corporate governance frameworks in Italy. The decree significantly amends the obligations under Article 2086 of the Italian Civil Code, which requires enterprises to establish

The Supreme Court reaffirmed that in VAT separation of activities, the turnover (volume d’affari) criterion is the ordinary method for apportioning input VAT on mixed-use purchases. The Revenue Agency cannot substitute it with alternative parameters such as leasing interest ratios. This decision, published 9 October 2026, provides certainty for businesses with both taxable and exempt

On 7 October 2026, Italian law firm PedersoliGattai, together with EY Tax and technical consultancy Arcadis, advised Kryalos SGR on the acquisition of two strategic logistics properties located in Pioltello (Milan) and Veggiano (Padua) through the Orione Fund, a vehicle subscribed by funds attributable to Blackstone. The transaction highlights the sustained appetite of global institutional