The 2026 Budget Law (Law No. 199 of December 30, 2025) was published in the Official Journal on December 30, 2025, “State Budget Forecast for fiscal year 2026 and multi-year budget for 2026-2028” (Official Journal General Series No. 301 of 12/30/2025 - Ordinary Supplement No. 42/L), effective from January 1, 2026.
Category: Newsalert
Main developments regarding tax incentives and grants introduced by the Budget Law 2026
Budget Law 2026: main developments regarding tax incentives and grants.
The new cross-border VAT exemption scheme
On December 10, 2025, the Italian tax authorities published the Act No. 560356/2025 related to the new provisions applicable to those who intend to adopt the new cross-border VAT exemption regime.
Exemption from guarantee for VAT credit offset in group VAT settlement
With Ruling no. 288 of 7 November 2025, the Italian tax authorities provided clarifications regarding the exemption from the requirement to present a guarantee under Article 38-bis of Presidential Decree no. 633/1972 in cases where VAT credit surpluses are offset within a group VAT settlement.
From 2026 mandatory integration between cash registers and POS: procedures, deadlines and penalties
With the act no. 424470 of October 31st, 2025 the Italian tax authorities has provided the guidelines for the integration and interaction of the process of electronic storage and telematic transmission of the daily considerations’ data with the electronic payment process, as provided for by Law no. 207/2024.
Updates on the Obligation to Communicate the Certified Email (PEC) for Company Directors
As of 31 October 2025, Decree-Law No. 159 (hereinafter, the “Decree-Law”), concerning the protection of health and safety in the workplace and civil protection, has entered into force.
Supply of instrumental property excluded from the pro-rata calculation
Supply of instrumental property excluded from the pro-rata calculation.
Optional VAT payment regime in the transport and freight handling activities and logistics services
The logistics and transport market has recently been the focus of particular attention by the Public Prosecutor's Offices of multiple Italian cities and the Illegal Activities Contrast Sector of the Italian tax authorities, which intercepted a series of fraudulent behaviors for tax and social security purposes.
Amendments to the CBAM Regulation come into force
The Carbon Border Adjustment Mechanism (CBAM) came into force on October 1, 2023, with Regulation (EU) 2023/956 (hereinafter also “CBAM Regulation”), marking the beginning of the transitional period that will end on December 31, 2025.
Incoming communications from the Italian Tax Authorities regarding VAT anomalies identified in 2023
Following Provision no. 369141/2025 of October 9, 2025, the Italian Tax Authorities have initiated the transmission of so-called “compliance letters” to taxpayers for the year 2023.