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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Bloomberg Law · 8 days ago
On 12 February 2026, Italy’s Revenue Agency aligned its VAT rules with EU law, allowing special purpose vehicles in merger‑leveraged buyouts to deduct input VAT on transaction costs. Resolution No. 7/2026 confirms these SPVs as VAT‑taxable entities, following Supreme Court rulings in August 2024 that recognised their preparatory role. The change restores VAT neutrality and opens a refund window for historical VAT leakage.
Commercialista Telematico · 16 days ago
Italian tax authority clarifies that heirs of a deceased professional must issue VAT invoices on behalf of the deceased and, if the VAT number has ceased, must request its reactivation to pay tax on compensation received after death.
Bloomberg Tax · 17 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 · 20 days ago
The Italian Revenue Agency issued Letter No. 35/2026 on 11 February 2026, confirming that a 4 % reduced VAT rate applies to vehicles adapted for individuals with motor disabilities who hold a BS‑category special driving licence with adaptation codes, even without a disability certificate under Law No. 104/1992. The guidance clarifies eligibility requirements and documentation needed for the reduced rate.
VatCalc · 26 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 · about 1 month ago
Italy’s 2026 Budget Law introduces a €2 handling fee for low‑value shipments (≤ €150) from non‑EU countries, effective 1 January 2026. The fee applies to all business models and is collected by the Customs and Monopolies Agency upon final importation, with a transitional payment deferral for January and February 2026. Businesses must adjust customs declarations, accounting, and documentation to comply.
