Italy has published Decree-Law No. 38 of 27 March 2026 in the Official Gazette, which entered into force on 28 March 2026, introducing certain urgent measures. This includes the amendments to the 2026 Budget Law (Law No. 199 of 30 December 2025) recently announced by the Ministry of Economy and Finance, including:
- Clarification that the revised VAT base for barter and payment in kind transactions, which is the total cost incurred by the supplier, only applies to contracts signed or renewed…