Draft Budget Law 2023: incentive for closing Tax Proceedings in Italy

Published

Jan 03 2023

Contacts

Counsel
Italy

I have almost 20 years of experience in advising domestic and multinational companies on corporate income taxes, withholding tax (WHT) and VAT purposes.

Giuliana Polacco

Partner
Italy

I am an international tax lawyer, focusing on tax disputes, with almost 30 years of experience working for multinational groups.

Gaetano Salvioli

Partner
Italy

Based in Milan and a partner in our International Tax Group, I am currently leading the Italian tax practice and working alongside our talented tax consultants and lawyers to deliver tailored solutions to clients.

Practices

Regions

Western Europe

Countries

Italy

The Italian Government released the 2023 Draft Budget Law on 29th November 2022 for the approval of the two Chambers of Parliament. It includes, among other tax measures, several provisions to provide incentives to prevent the start or close pending tax disputes. Such incentives are qualified as “Measures to support taxpayers” since their scope is to reduce the pending liabilities of taxpayers concerning the tax authorities.

The professionals of the Tax department wrote a preliminary summary of the Budget Law, considering that possible changes may be brought during the Parliament approval which is planned to be made before 31 December 2022.

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