In brief

Italian Law 197/2022, paragraphs 166-173, includes a provision for the rectification of formal errors and irregularities committed up to 31 October 2022.

Under Article 1(166) of Italian Law 197/2022, “formal irregularities, infringements and failures to comply with obligations and requirements, which do not affect the determination of the taxable base for the purposes of income taxes, value added tax and the regional tax on productive activities” can be rectified. Instead, substantive breaches, meaning those affecting the determination of the taxable income, the tax or the payment of the tax, are excluded from the correction procedure.

The operating procedures for implementing the correction have been set out in Provision of the Director of the Revenue Agency of 30 January 2023.

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