THE MAIN CHANGES IN TAX REGULATIONS INTRODUCED BY DECREE-LAW NO. 124/2019 CONVERTED INTO LAW NO. 157/2019 AND THE 2020 BUDGET LAW (LAW NO. 160 OF 27.12.2019)

Summary

Decree-Law No. 124/2019, which was published in the Official Journal of the Italian Republic No. 252/2019 and went effect on 27.10.2019 (see our Tax Newsletter of November 2019), has been converted into Law No. 157/2019, published in the Official Journal of the Italian Republic No. 301/2019 in effect as from 25.12.2019, without prejudice to the specific deadlines provided in relation to certain provisions. The main provisions changed with respect to the original text of Decree-Law No. 124/2019 are illustrated below.

Law No. 160 of 27.12.2019 (2020 Budget Law) was published in the Ordinary Supplement No. 45 of the Official Journal of the Italian Republic No. 304 on 30.12.2019 and went into effect on 1.1.2020. The main tax measures are analysed below.

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