The European Commission has formally asked Italy to amend the VAT chapter of the tax amnesty scheme it has adopted.

The Finance Act 2014 amended the tax regime applicable to financial leases for corporate income tax purposes.

Italy is in the process of introducing a tax credit on research and development activities to encourage investment. .

Italy normally reminds you of not worrying, being happy, easy life-style, and, if anything, holidays.

The Italian Government published the Ministerial Decree of 9 August 2016 (the "Decree") that amended the list of countries and territories "allowing an adequate exchange of information with the Italian Tax Authorities"...

In these days of austerity in Western Europe a worrying, though not surprising, trend is the imposition of taxes on business aircraft.

Sister companies resident in Italy are now allowed to exercise the group taxation option and act as the consolidating company.

Italian tax residents must declare rental income from overseas properties in their annual tax returns, with the net profit taxed at applicable IRPEF rates plus IVIE on foreign real estate. Strategic expense documentation in the country of origin can significantly reduce Italian tax liability, sometimes to zero, making it crucial to understand how foreign property income is treated under Italian tax law.

The choice of flag for yacht registration has evolved from a simple administrative decision into a complex strategic consideration affecting tax efficiency, operational flexibility, and regulatory compliance. With Italy's recent Ddl Mare reform introducing new scrutiny for foreign-flagged vessels and jurisdictions like Malta, the Cayman Islands, and the UK each offering distinct advantages...

LBO and MLBO transactions are often scrutinized by the ITA.

With Ruling no. 172 dated August 20, 2024, the Italian Tax Authority clarifies that interest expenses due in connection with higher taxes resulting that become due as a result of a tax settlements are fully deductible.

Recently, the Italian government has made a number of amendments on the reformed tax system, most importantly on corporate taxation.

Recently, the Italian government has made a number of amendments on the reformed tax system, most importantly on corporate taxation. The changes have touched different aspects of the tax system.

With resolution n. 46/E dated July 31, 2023, the Italian Tax Authority confirms the general application of the withholding tax exemption regime on dividends at the level of Swiss parent companies...

From a tax point of view, a branch is deemed a permanent establishment of the foreign company and it is treated as an independent entity.

Italy's new ZES Unica framework consolidates regional special economic zones into a unified system offering tax incentives and streamlined procedures for foreign investors. The reform covers southern regions and strategic Mediterranean ports, creating opportunities in real estate, logistics, and industrial development. How can international operators leverage this framework to establish a competitive presence in European and Mediterranean markets?

Companies and permanent establishments belonging to foreign multinational groups resident in Italy, must provide quantitative data and other information necessary for parent companies to complete the Country-by-Country Report.