Newsletter | Tax 30-12-2025

Following the extensive debate raised by the amendments introduced by the draft 2026 Budget Law with respect to the taxation of dividends, the Italian 2026 Budget Law approved by the Italian Parliament introduced material amendments in that respect.
Moreover, the 2026 Budget Law also introduces changes to the taxation of dividends received by non-resident taxpayers established in EU Member States or in States included in the European Economic Area and to the tax regime on capital gains.
This newsalert analyses proposed amendments, highlighting the key features of the new regime and offering initial considerations on their potential implications.