Italian lawmakers created a legislative decree and are employing incentives rather than penalties to encourage more taxpayers to adopt electronic invoicing.

Statement of Cash Flows are now considered independent and separate documents in Italy, and companies must prepare them as such for financial statements starting 1 January 2016.

With the introduction of IFRS 16, the International Accounting Standards Board has - for the first time in more than 30 years - changed the rules on accounting for operating and finance leases.

If the area has been purchased separately, it is necessary to make reference to the value inferable from the accounts or from the sale and purchase deeds.

The 2021 Budget Law has introduced the possibility of aligning the tax value of goodwill and other intangible assets, even if devoid of legal protection, to the higher accounting value disclosed...

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.

Super depreciation is a term coined by the Italian press for rules referring to paragraph 91 of Italy's 2016 Stability Law.

On August 14, 2020, the Italian Government adopted Law Decree No. 104 (the "Decree") that introduces new tax measures to mitigate the effects of the ongoing Coronavirus Disease 2019...

On April 19th 2023, the Italian Accounting Institute (so called "Oic"), published the final version of the accounting principle no. 34, which regulates the criteria for the recognition...

Il decreto legge "PNRR", approvato dal Consiglio dei Ministri del 26 febbraio scorso e appena pubblicato in Gazzetta Ufficiale, introduce un nuovo credito d'imposta relativo...

As we close the 2017 fiscal year, let's examine the topic of Goodwill in Italy and its application to financial statements following changes to the national accounting principle, OIC 24.