Italy grants an IRPEF tax deduction for building renovation works. Standard deduction
- 36% for expenses paid in 2025 and 2026
- 30% for expenses paid in 2027

Employment and similar income (Articles 49 and 50 TUIR) over €30,000 excludes sole traders and self-employed individuals from the lump-sum tax regime. The cut-off is assessed using income from the previous year.

The residence permit for contract-based assignments allows non-EU workers to be employed when an Italian company awards a contract or subcontract for works or services to a foreign company (Art. 27, para. 1, lett. i, Legislative Decree 286/1998).

The Italian Customs and Monopolies Agency (ADM) has just issued Circular No. 18/2025, implementing the landmark Constitutional Court Ruling No. 93/2025 — and it could change the way import VAT violations are handled.

The firm has recently successfully completed a complex accounting and tax consultancy project, focusing on the proper management of VAT within the Netsuite accounting system. The engagement took place in a context of growing attention to tax compliance, responding to the client’s need to strengthen the reliability of its accounting data and VAT returns.

Who Is Entitled to Receive Dividends?

Dividends are the company’s share of earnings after tax distributed to each shareholder. The right to receive dividends arises from the shareholder’s position at the time of the dividend distribution resolution, unless otherwise specified in the company’s bylaws.

Taxation Principles: partnerships and corporations (art. 89 TUIR)

Firmalex  was proud to take part, as always, in the GMNI 2025 European Regional Meeting in Copenhagen, Denmark, represented by our managing partners Roberto Ammendola and Fabio Alesi.

From 2024 onwards, Decree No. 192/2024 brings a significant change to how capital grants (e.g. for investments or boosting equity) are taxed in Italy.

The Government has approved a Decree containing the reduction of the VAT rate applicable to the sale of works of art, bringing it from 22% to 5%.