Italy’s 2026 Budget Law introduces several indirect tax measures effective 1 January 2026, including a new €2 levy on small shipments into the EU, a change to the VAT base for barter transactions, and automatic VAT settlement for non‑filing taxpayers. The law also postpones the plastic and sugar taxes to 1 January 2027 and the new consolidated VAT code will take effect on 1 January 2027.
It takes effect on 1 January 2026.
A €2 levy applies to shipments valued up to €150 from third countries.
The taxpayer has 60 days to contest the assessment.
It will come into force on 1 January 2027.
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Commercialista Telematico · 5 days ago
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Bloomberg Tax · 7 days ago
The Italian Revenue Agency issued Resolution No. 7/2026 on 12 February 2026, clarifying that SPVs can deduct input VAT on transaction costs in merger leveraged buyouts only if the taxpayer qualifies as a taxable person and the goods/services are used for taxable economic activities. Holding companies that merely own shares without management participation cannot deduct input VAT. The resolution also addresses the deductibility for holding companies acting as SPVs.
Bloomberg Tax · 10 days ago
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VatCalc · 16 days ago
Italy has raised the Intrastat acquisitions reporting threshold from €350,000 to €2 million for VAT‑registered businesses, effective 25 February 2026 for transactions in January 2026. The change, announced in Act No. 84415, keeps the INTRA‑2 bis form unchanged and is enabled by the country’s e‑invoicing platform and EU data‑exchange mechanisms.
TwoBirds · 20 days ago
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Bloomberg Tax · 28 days ago
The European General Court dismissed an Italian association’s challenge to EU VAT directives that impose a deemed‑supplier model on digital platforms for short‑term accommodation rentals. The court held the association lacked direct and individual concern, as the rules target platform operators, not property owners. The decision confirms the applicability of Directive (EU) 2025/516 and Regulation (EU) 2025/518.
