ITALIAN LEGISLATIVE DECREE 1 OF 8 JANUARY 2024 – CHANGES IN TAX COMPLIANCE RULES

In brief

Italian Legislative Decree 1 of 8 January 2024, published in Italian Official Journal 9 of 12 January 2024, issued in implementation of the enabling act on tax reform contained in Italian Law 111 of 9 August 2023, set out a number of provisions to rationalise and simplify tax obligations.

The main changes include:

  • bringing forward of the deadlines for filing income and IRAP tax returns and simplification of the forms;
  • reorganisation of ISAs, simplification of the data contained in the forms and bringing forward of the availability of compilation software;
  • increase of the limits for exoneration from the certification of conformity for the offset or refund of credits, as part of the ISA reward system;
  • amendments to the rules governing instalment payment of taxes;
  • amendments to the rules governing regular payments of VAT and withholding taxes;
  • exclusion of forfeiture due to failure to state facilitated tax credits in the tax return;
  • elimination of the Single Certification for taxpayers opting for the flat-rate or beneficial scheme;
  • suspension of the dispatch of payment reminders and letters of compliance.

Italian Legislative Decree 1 of 8 January 2024 entered into force on 13 January 2024 (the day after its publication in the Official Journal), but many of its provisions will be effective from specific dates.

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