Third Sector Tax Regime Implementation Dates Clarified for Non-Calendar Year Entities

• The Italian Revenue Agency clarified the effective date of Third Sector tax regimes for entities with fiscal years not aligned with the calendar year during a September 18 videoconference
• Tax provisions from Legislative Decree 117/2017 Title X will take full effect from the tax period following the one in progress on December 31, 2025, replacing the previous criterion tied to European Commission authorization
• For Third Sector entities with calendar year tax periods, the new rules apply from January 1, 2026, while those with non calendar fiscal years must apply new rules starting from their new tax period beginning in 2026
• Deputy Economy Minister Maurizio Leo announced ongoing discussions with the European Commission to prevent the implementation of Article 5 paragraph 15 quater of Decree Law 146/2021, which would change VAT treatment for member operations from exclusion to taxability
• A new legislative decree schema approved by the Council of Ministers on July 22 aims to introduce Article 79 bis into the Third Sector code, establishing a special regime for transferring instrumental assets between activities

Source: eutekne.info

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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