On July 14, 2025, the Italian Council of Ministers approved the draft Consolidated VAT Code (Testo Unico IVA ), which aims to streamline the country's VAT regulations. The new code is set to become effective on January 1, 2026, with the decree formally entering into force the day after its publication. The draft is currently under review by parliamentary committees.
The consolidated VAT Code transposes multiple existing regulations into a unified framework consisting of 171 articles. This…