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CBAM 2026: Assonime Circular No. 11 clarifies ETS, DAC status and new obligations
The Assonime Circular No. 11 of 13 April 2026 is one of the first major interpretative documents on the amendments introduced by Regulation (EU) 2025/2083 and provides operational clarification on the functioning of CBAM from 2026 onwards. In a context characterised by high energy prices, geopolitical tensions and growing attention to emissions costs, the relationship […]
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CBAM: the first certificate price will be published on 7 April 2026
The implementation of the European Union’s Carbon Border Adjustment Mechanism (CBAM) marks another step towards full operational deployment: the European Commission will publish the first CBAM certificate price on 7 April 2026. For 2026, the price of CBAM certificates will be calculated on a quarterly basis, as the average of the auction clearing prices of […]
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VAT and MLBO: SPV Costs Deductible under Resolution No. 7/E/2026
With Resolution No. 7/E of 12 February 2026, the Italian Revenue Agency significantly revises the VAT treatment of acquisition costs incurred by special purpose vehicles (SPVs) in the context of merger leveraged buy-out (MLBO) transactions. VAT deductible also during the preparatory phase The Tax Authority acknowledges that transaction costs incurred by the SPV (legal, […]
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Intrastat 2026: New Threshold for Intra-EU Acquisitions of Goods
With Director’s Determination No. 84415 of 3 February 2026, the Italian Customs and Monopolies Agency (ADM), in coordination with the Italian Revenue Agency and in agreement with ISTAT, introduced significant simplifications to Intrastat reporting obligations, with specific reference to the Intra 2-bis form relating to intra-EU acquisitions of goods.These changes are part of the ongoing […]
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Reorganization of customs offices and the new Combined Nomenclature from 2026
On November 1st, 2025 the Customs and Monopolies Agency (ADM) completed the reorganisation of its territorial structures throughout the country, redefining the map of local offices and regional directorates. The reform, based on criteria of administrative efficiency and functional integration, aims to ensure greater uniformity in the application of customs regulations and better management of […]
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Italian Law on Artificial intelligence published in the Official Gazette
Law No. 132 of 23 September 2025, containing provisions and delegated powers to the Government on the subject of artificial intelligence, was published in Official Gazette No. 223 of 25 September 2025 and will come into force on 10 October 2025. The text does not introduce new obligations with respect to the European AI Act, […]
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USA: new 30% tariffs on the EU
Donald Trump has officially announced, through a letter sent on July 12 to the president of the European Commission, the imposition of new 30% tariffs on all imports from the European Union starting August 1, thus exceeding the previous threat of a 20% duty. New U.S. tariffs rise from 10% to 30% These are horizontal […]
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PEC compliance with European standards
In 2024, Posta Elettronica Certificata (PEC, Certified Electronic Mail) in Italy will give way to Registered Electronic Mail (REM), the European PEC, to comply with European Regulation 910/2014. Currently, PEC does not allow for the certification of the identity of the sender and the recipient and does not provide an indisputable guarantee of the integrity […]
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Clarifications on the beneficial owners’ communication
Relating to the beneficial owners’ communication (for AML purposes) expiring on 11.12, the Manual prepared by Unioncamere occurs as an operational support – please, refer to the recalled manual for any specific and appropriate reference. The clarifications about the transmission methods are remarkable; among the other provisions, it is declared that if the communication is […]
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Beneficial owner: communication by 11 December 2023
The beneficial owners’ register was made operational on 09 October 2023. The communication of the pertinent information about the subject needs to be completed within 60 days from the publication of the interministerial decree in the Official Gazette – which means that it must be completed by 11 December 2023 (the first available working day). […]
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Electronic invoicing: extension of the ban on health services
The Milleproroghe Decree, approved by the Council of Ministers on 21 December 2022, confirms the ban on issuing electronic invoices for health services also for the year 2023. This decision derives from the fact that the Privacy Guarantor has detected critical issues on the sending of data concerning the health of citizens, as issuing the […]
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Contributions granted after covid emergency
Subsidies granted and disbursed to companies and self-employed persons by a Province do not have tax relevance, even if given and paid after the conclusion of the Covid-19 state of emergency, ordered by the Council of Ministers on 31 March 2022. This was clarified by the Revenue Agency responding to interpello n. 516 on 18 […]
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770/2022: transmission and news 2022
Next October 31, 2022, is the deadline for sending the 770/2022 for the 2021 tax period. Form 770 is the declaration that must be used by withholding agents, to communicate to the Revenue Agency the tax data relating to the withholdings made in the previous year, the relative payments and compensations made, the summary of […]
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The terms for the scrapping of roles and the balance and excerpt have been reopened
The Budget Commission of the Senate approved the Ddl. of conversion of the Sostegni ter decree 27 January 2022 no. 4 and among the new measures in the DL course there is also the new opportunity granted in the course there is also the new opportunity granted to the subjects who have lapsed from scrapping […]
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Fixed penalties for omitted IMU form with the payment of the taxes
In situations of purchase or sale of property,the obligation to submit the IMU and TASI formi is triggered. This formi is a communication to the tax authorities that in the previous year the taxpayer took possession or sold a real estate unit. It has to be submitted by 31 December of the year following the […]
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The “suspension” of depreciation
In the context of the epidemiological emergency from Covid 19, the Goverment provided throught he Legislative Decree 104/2020for the companies that prepare financial statements without the adoption of international accounting standards, the suspension of the imputation, in whole or in part, of the depreciation in the financial statements for the current financial year. The aspects […]
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Daily fees: new electronic route from 1 October 2021
With provision no. 83884 of March 30, 2021, the Revenue Agency postponed the deadline for starting the obligation to use the new electronic record of the data of the daily payments. Specifically, the date of the exclusive use of the new electronic data of the daily fees version 7.0 has been postponed from 1 April […]
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Payment of tax notices without penalties pursuant to art. 5 of Decree “Sostegni”
The decree “Sostegni” provide for the possibility of paying the tax notices issued by the Italian IRS relating to the fiscal years 2017-2018, without the payment of penalties and interest. This tax benefit will be reserved for VAT holders who in 2020 suffered a reduction in turnover or income of more than 33% compared to […]
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Presumption of entrepreneurship in short leases
With paragraphs 595 – 596 of Article 1 of the Budget Law 2021, the legislator has established the threshold beyond which income from short rent must be considered achieved under the company. The new regulation provides that, starting from the fiscal year 2021, the rental of more than four properties in the short-lease form constitutes […]
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Untruthful tax return: criminal and tax penalties
The Supreme Criminal Court with the decision n. 4439/2021 ruled that in the case of an untruthful tax return and a similar tax crime, there is no “ne bis in idem”. The case concerned criminal proceedings for the breach of untruthful tax returns. The taxpayer had complied with the tax assessment and paid the tax, […]
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