On June 27, the decree regulating the tax coordination of the IRES and IRAP tax bases was published, in reference to the provisions of accounting principle OIC34 as well as the amendments to OIC16 and OIC31.
Author: PricewaterhouseCoopers Italia Srl
R&D tax credit: the technical certification protects the credit even after the PVC
With ruling no. 883/2025 of April 4, 2025, the Second-Degree Tax Justice Court (CGT) of Lombardy accepted the appeal filed by a software house recipient of recovery actions for alleged improper use of the tax credit for research and development activities, with reference to the tax years 2015–2017.
Contribution relief: general overview
Contribution relief: general overview.
Anti-hybrid documentation: updated deadline at October, 31
Following the approval of the Law Decree no. 84 by the Council of Ministers on 12 June 2025, published in the Official Gazette on June 17, 2025 and entered into force the next day, the deadline for the preparation of the anti-hybrid documentation relating to all fiscal years from 2020 to 2024 has been set at the deadline for filing the income tax return for the fiscal year in progress as of 6 December 2024, i.e. October 31 for calendar year taxpayers.
European Accessibility Act: Upcoming Application in Italy. What Changes for Businesses and Consumers?
The entry into force of the obligations set out by the European Accessibility Act (Directive (EU) 2019/882, "EAA") is now imminent: as of 28 June 2025, all companies operating in the relevant sectors will be required to ensure the full accessibility of their digital products and services, in accordance with Legislative Decree 82/2022, which transposed the directive into Italian law.
Exclusion of FTSE MIB Companies from the Split Payment Mechanism Starting July 1, 2025
As of July 1, 2025, companies listed on the FTSE MIB index of the Italian Stock Exchange, identified for VAT purposes, will be excluded from the split payment mechanism.
Sugar Tax – Further postponement approved by the Italian Government
The Italian Government decided to further postpone the entry into force of the Sugar Tax from 1st July 2025 to 1st January 2026.
Registration of passive invoices by April of year following their receipt: essential for VAT deduction?
Registration of passive invoices by April of year following their receipt: essential for VAT deduction? With the response to query no. 115/2025, the Revenue Agency seems to answer this question affirmatively.
Employee participation in corporate governance is now law
On May 14th, 2025, the law entitled “Provisions for employee participation in the management, capital, and profits of companies” was definitively approved. It will come into force on June 10th, 2025, and is the result of a popular initiative proposed by CISL.
Updates on labour matters introduced by the Budget Law for 2023
On 29 December 2022, the Budget Law for 2023 (Law 197/2022) was published in the Official Gazette. The Law contains numerous interventions on labour and social security matters, aimed at reforming (without distorting) the employment regulation.