Italian 2025 Budget Law tax measures — a summary

31 January 2025|Tax Alerts, Legislation & Policy, National/Federal Taxation, Global|Italy

The 2025 Budget Law introduced several tax measures concerning corporate income tax, banking and insurance, value added tax (VAT) and individual income tax.
A step-up election for Italian participations and land is introduced as a permanent measure for nonresident entities.
An alternative 20% reduced corporate income tax is introduced for 2025, together with other income tax measures for corporations.
For banking and insurance companies, a compulsory carryforward mechanism is introduced with refere…

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