Newsalert | Tax 30/12/2025

On December 30, 2025, following the approval of the Italian Senate, the Chamber of Deputies approved the Budget Law for the 2026 financial year and the multi-year budget for the three-year period 2026-2028.
This newsalert outlines the main tax changes for the banking, financial, and insurance sectors, namely:  the taxation regime for intra-EU dividends for Regional Tax on Productive Activities (“IRAP”) purposes; the amendments to the IRAP rates; the deductibility of write-downs on customer receivables for expected losses; the provisions on the extraordinary contribution payable by banks; the deductibility of interest expense; the amendments to the surcharge on variable remuneration.
Finally, it should be noted that the rules on the financial transaction tax have been amended.