Italian Omnibus Tax Decree Contains Various Measures

Italy published Legislative Decree No. 148 of 7 August 2026 (the Omnibus Tax Decree) in the Official Gazette on 11 August 2026, which entered into force the following day. The Italian Revenue Agency has also published an overview of the articles and measures of the Omnibus Tax Decree. Some of the main articles and measures are summarized as follows:

Permanent Book-Tax Alignment - Article 5

Article 5 updates the Italian Income Tax Code (TUIR) to bring statutory accounting values closer to…