Italy has published Decree-Law No. 115 of 9 August 2022 in the Official Gazette, which contains further urgent measures to support taxpayers in light of increased energy prices and other ongoing issues. This includes the extension of the following support measures:
In addition to the support measures, Decree-Law No. 115 also includes penalty measures in relation to the extraordinary solidarity contribution (windfall profits tax) on energy companies. This includes that certain provisions for the reduction of late payment penalties will not apply with respect to the extraordinary solidarity contribution where a taxpayer fails to pay the contribution, in whole or in part, by:
Further, if the required contribution payments are not made by these dates, the 30% late payment penalty is doubled to 60%.