- Italy introduces new measures affecting expense reimbursement and deduction for employed and self-employed individuals
- Emphasis on using traceable payment methods for expenses
- Reimbursements for food, lodging, travel, and non-scheduled public transportation are taxable if not paid via traceable methods
- Self-employed individuals can deduct expenses only if paid through traceable methods
- Businesses can deduct expenses and reimbursements only if paid using traceable methods
- New rules apply to expenses from the current or subsequent tax periods
- Aim to increase transparency and traceability in financial transactions related to business and professional expenses
Source: gazzettaufficiale.it
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.
