[Italy] Cabinet approves urgent tax law amendments

In Italy, the Council of Ministers has approved a decree-law introducing changes that are considered urgent to the nation's tax regime, VitalLaw reports.

One provision of the law is that the implementation of the EU-wide fee on goods consignments from non-EU countries with a declared value of less than €150 will be postponed in Italy until July 1, 2026.

Tighter rules regarding access to the 95 per cent dividend exemption regime and participation exemption from January 1, 2026, have reportedly been retroactively repealed from that date.

Changes to withholding tax on commissions will be implemented from May 1, 2026, rather than from March 1, 2026. In addition, the law confirms that the new VAT regime for exchange transactions will apply to contracts entered into or renewed from January 1, 2026.

Other key provisions include a substitute tax exemption, until December 31, 2028, on interest on bonds paid to depositary guarantee schemes.

Source: VitalLaw

In Italy, the Council of Ministers has approved a decree-law introducing changes that are considered urgent to the nation's tax regime, VitalLaw reports.

One provision of the law is that the implementation of the EU-wide fee on goods consignments from non-EU countries with a declared value of less than €150 will be postponed in Italy until July 1, 2026.

Tighter rules regarding access to the 95 per cent dividend exemption regime and participation exemption from January 1, 2026, have reportedly been retroactively repealed from that date.

Changes to withholding tax on commissions will be implemented from May 1, 2026, rather than from March 1, 2026. In addition, the law confirms that the new VAT regime for exchange transactions will apply to contracts entered into or renewed from January 1, 2026.

Other key provisions include a substitute tax exemption, until December 31, 2028, on interest on bonds paid to depositary guarantee schemes.

Source: VitalLaw