The Italian Budget Law 2026 (Law no. 199 of 30 December 2025), in force from 1 January 2026, introduces a set of measures impacting individuals and businesses. Key changes include: (i) a reduction of the IRPEF second bracket (from 35% to 33% for taxable income between €28,000 and €50,000); (ii) confirmation of the renovation tax […]
A new Ministerial Decree, applicable to FY2016, implemented in Italy the OECD Action 13 recommendations (CbCR obligations) and requires Italian Ultimate Parent Entity to comply with the CbCR obligations if the group has over € 750 million consolidated revenue. Also Italian subsidiaries could be required to fulfill in the case (i) the Ultimate Parent Entity is resident in a country […]
According to Italian Casazione Court (Section V – Judgment no. 13387 of 30 June 2016), in case of intra-group cross-border transactions, the Italian tax authorities need just to provide the proof of the transaction and a lower price than the normal market value. The taxpayer has to provide evidence that the price corresponds to the economic value that the […]
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