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.
Category: Newsalert
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.
Signed the extraordinary protocol for the tertiary, distribution, and services sector: granting of one-off payment and contractual increases
On 12nd December 2022, the employers' association Confcommercio signed - in agreement with the trade unions Filcams Cgil, Fisascat Cisl and Ulitucs - an extraordinary sector protocol that aims, on the one hand, to mitigate the effects of the increase in inflation and the cost of living in general, and, on the other hand, to resume negotiations for the renewal of the Tertiary, Distribution and Services NCLA, which expired on 31st December 2019.
News on electronic invoicing and VAT compliance obligations proposed by the European Commission in the context of the new “VAT In the Digital Age package (VIDA)”
On December 8, 2022, the European Commission published the action plan “VAT In the Digital Age package (VIDA)” that requires Member States to review the effectiveness of the current VAT rules against the developments that will be (or have already been) brought by the digital age.
January 2023: what changes in the italian civil proceedings
The Legislative Decree No. 149/2022, issued as an implementation of Delegated Law No. 206/2021, carried out a substantial reform of civil justice to be achieved in different timelines according to the recent Law n. 197/2022.
Focus on securitisations: national compliance with EU regulations – Latest communications from the Bank of Italy
The Official Gazette No. 205 of 2 August 2022, General Series, published Legislative Decree No. 131, which entered into force on 3 September 2022, amending Legislative Decree No. 58/1998 “Testo Unico della Finanza” (“TUF”).
Recovery of VAT paid to regularize indirect exports
With the reply to ruling no. 32/2023 of January 13, 2023, the Italian tax authorities provided additional clarifications on the recovery of VAT charged in case of regularization of indirect exports referred to in Article 8, paragraph 1, letter b), of Presidential Decree no. 633/1972, updating the clarifications previously provided with Resolution no. 98/E of 2014, in the light of the regulatory changes on methods and timing within which exercise the right to deduct VAT introduced by Law Decree no. 50 of April 24, 2017, converted, with amendments, by Law no. 96 of June 21, 2017.