Europe

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