Newsletter - Law No. 145 (“2019 Budget Law”): main innovations on fiscal matters


On 30 December 2018, the Italian Parliament approved Law No. 145 (the “2019 Budget Law”), published in the Official Gazette No. 302 of 31 December 2018.

Among the tax measures made by this 2019 Budget Law, it is worth noting the following: in the context of direct taxation, the introduction of the new flat tax regime, the extension of the flat rate regime provided by Law No. 190/2014, losses carried forward for IRPEF tax payers; in the context of VAT, neutralization of rates increase; in the context of indirect taxation, the introduction of a new tax on digital transactions; the retroactivity of art. 20 of Presidential Decree No. 131/1986; in the context tax incentives, the introduction of facilitated taxation of reinvested profits for companies and the extension of the so called “hyper-depreciation” regime.

Download the Newsletter edited by Chiomenti Tax Department on the issue