International Tax in Depth - 1/2025

International Tax News Italy - The Budget Law for 2025

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budget_law_for_2025.pdf

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The circular letter summarizes the main features of the Budget Law for 2025 in Italy, with particular reference to the following:

- personal income tax amendments;

- tax deductions connected to building renovation;

- fringe benefit taxation;

- step-up of the tax value of participation and lands;

- crypto-assets substitute tax increase;

- transitional reduction of the corporate tax rate and notional deduction on costs for new hires.