New Fiscal Decree in effect from June 18, 2025: complete guide to main updates for businesses and professionals

In Italy, regulations change continuously, and businesses and professionals constantly face new challenges and opportunities arising from the most recent laws. The Fiscal Decree in effect from June 18, 2025 (Decree-Law June 17, 2025, No. 84) introduces a series of significant changes that will have a direct impact on the daily management and strategic planning of companies of all sizes. Thoroughly understanding these updates is essential for successfully navigating the current economic context and ensuring full regulatory compliance, transforming what might seem like complexities into concrete opportunities for growth and optimization.

This article analyzes in detail the main provisions of the new Fiscal Decree.

The context of the new Fiscal Decree: objectives and general implications

The Fiscal Decree of June 18, 2025 is part of a broader reform framework aimed at modernizing the Italian tax system, simplifying compliance for taxpayers and businesses, and incentivizing economic growth. Key objectives include reducing the bureaucratic burden, combating tax evasion through more effective tools, and promoting investment and innovation. These goals translate into measures that, while appearing complex on first reading, aim to create a more transparent and predictable fiscal environment.

The general implications of this decree extend across several fronts. First, it is expected to have a significant impact on tax planning strategies for businesses, which will need to reconsider their operating models in light of the new provisions. For example, the introduction of new relief regimes or the modification of existing ones could push companies to review their structures or evaluate new investment opportunities. AQ Group, through its AQ TAX division, specializes in offering personalized tax consultancy, helping companies optimize their tax burden and ensure full regulatory compliance both nationally and internationally. Our team of experts is constantly updated on the latest legislative news to provide timely and strategic support.

The digitalization of tax compliance is a crucial aspect. The decree accelerates the process of dematerialization and introduces new methods of interaction with the Tax Administration, making the adoption of advanced technologies increasingly indispensable. This not only simplifies procedures but also improves the traceability of operations and reduces error margins. Companies that invest in digital solutions and staff training will be at an advantage in meeting new deadlines and efficiently managing their tax obligations. AQ Group supports businesses in adopting effective management control tools and optimizing administrative processes, providing solutions that improve long-term efficiency and sustainability.

Finally, the decree places greater emphasis on corporate social responsibility and sustainability. Although not directly linked to fiscal measures, the provisions aim to incentivize virtuous behavior by companies, recognizing their role not only economically but also socially. This translates into increasing attention toward transparency and ethics in business, elements that AQ Group has always placed at the core of its mission, promoting values of professional excellence and sustainability. In-depth analysis of these issues allows for anticipating future trends and building a lasting competitive advantage.

Main fiscal updates for businesses

The Fiscal Decree in effect from June 18, 2025, introduces several significant updates for businesses, touching on crucial aspects such as corporate taxation, relief and tax credits, and auditing and assessment procedures.

Among the main significant changes for businesses are:

• Simplification of business income determination:
  • Tax loss carry-forward: Article 2 of the decree amends the loss carry-forward regime, simplifying the calculation of loss reduction based on double the sum of contributions and payments made in the last 24 months.
  • Greater labor cost deduction for new hires: Article 3 removes the reference to related companies in the calculation of the tax deduction for new hires starting from the tax period following December 31, 2023, amending Article 4 of Legislative Decree No. 216/2023.
  • Controlled Foreign Corporations (CFC): Article 4 makes changes to the tax regulations for CFCs to align Italian law with international global minimum taxation standards.
  • Hybrid mismatches: Article 5 sets a single deadline, more favorable to the taxpayer (October 31, 2025, for entities with a fiscal year coinciding with the calendar year), for the preparation and communication of documentation relating to tax periods prior to 2023.
• VAT updates:
  • End of split payment for FTSE-MIB listed companies: Article 10 establishes that from July 1, 2025, transactions with companies listed on the FTSE-MIB of the Italian Stock Exchange are no longer subject to split payment, following the expiration of the EU authorization.
  • Extension of reverse charge: Article 9 broadens the scope of reverse charge to the logistics and freight transport sectors, removing the requirement for labor prevalence (amendment subject to European Union approval).
• IMU, extension and amnesty for Municipalities (Article 6): Extension until September 15, 2025, for the approval of resolutions on IMU rates for 2025 for local authorities that had not done so by February 28, 2025.

AQ Group, through its deep knowledge of the Italian market and experience in international consultancy for Foreign Clients, positions itself as a trusted partner to accompany companies in every phase of their internationalization journey, providing consultancy on international tax regulations and supporting the establishment of subsidiaries.

Regarding the professional world, specific incentives have been introduced for continuous professional updates and the adoption of advanced technological solutions. AQ Academy, the training school of AQ Group, offers courses and workshops on relevant topics such as financial education, tax optimization, and management control, designed for entrepreneurs and professionals wishing to deepen their skills and improve operational efficiency.

How AQ Group can support you in facing the decree’s updates

The updates introduced by the Fiscal Decree in effect from June 18, 2025, represent a moment of significant change for businesses and professionals. AQ Group positions itself as the ideal strategic partner to face these challenges, transforming them into opportunities for growth and consolidation. Our strength lies in a multidisciplinary approach that integrates fiscal, legal, financial, and strategic expertise, ensuring complete and personalized support.

Our team of experts is constantly updated on the latest regulatory developments and offers tailor-made consultancy for every specific need. For example, the AQ TAX division is ready to guide you in tax burden optimization and full compliance with new provisions, identifying the relief and tax credits best suited to your business reality. Whether you are an innovative startup, an SME, or a holding company, our fiscal services are designed to support you in every phase of your activity, from ordinary management to extraordinary operations.

Furthermore, AQ Group supports you in the digitalization of processes and the implementation of effective management control tools, essential for the efficient management of new procedures and constant monitoring of corporate performance. Our expertise also extends to supporting internationalization, helping Italian companies expand into foreign markets and assisting foreign clients wishing to invest in Italy, ensuring the correct management of legal and fiscal aspects.

Not just consultancy, but also training. Our AQ Academy offers courses and practical workshops designed for entrepreneurs, managers, and professionals to deepen their fiscal, financial, and management knowledge, enabling them to acquire the skills necessary to navigate the new regulatory context with confidence. With AQ Group at your side, you can count on a reliable partner accompanying you on your entrepreneurial journey, transforming challenges into opportunities and contributing to the success of your business. Contact us for a personalized consultancy.

Did you know that…?

1. Decree-Law June 17, 2025, No. 84 was published in Official Gazette No. 138 on June 17, 2025, and came into force the following day, on June 18, 2025.
2. One of the most anticipated updates concerns the simplification of rules for the deductibility of travel and representation expenses for employees and self-employed workers, introducing specific traceability requirements.
3. The decree moves to July 21, 2025 (or August 20 with a surcharge) the deadline for payment of the first 2025 installment and the 2024 balance for ISA and flat-rate taxpayers.
4. The split payment for FTSE-MIB listed companies is eliminated starting from July 1, 2025, following the expiration of the European authorization.
5. Income tax and IRAP 2024 declarations, originally due by October 31, 2024, are considered timely if submitted by November 8, 2024.
6. The Fiscal Decree also intervenes in the regulation of the Third Sector and Social Enterprises, with the application of the new tax regime for entities registered in the RUNTS starting from January 1, 2026.

FAQ on the new Fiscal Decree (in effect from 18.06.2025)

• What is the entry into force date of the new Fiscal Decree? 
  The new Fiscal Decree (Decree-Law June 17, 2025, No. 84) entered into force on June 18, 2025.
• What are the main updates for travel and representation expenses? 
  For employees and self-employed workers, travel expenses in Italy are deductible only with traceable instruments. Representation expenses, both in Italy and abroad, always require traceability for deductibility.
• Are there any extensions for tax payments? 
  Yes, for ISA and flat-rate taxpayers, the deadlines for payment of the first 2025 installment and the 2024 balance are moved to July 21, 2025 (or August 20 with a 0.4% surcharge).
• What changes for split payment? 
  Starting from July 1, 2025, transactions with FTSE-MIB listed companies will no longer be subject to split payment.
• Does the decree include updates for the Third Sector? 
  Yes, amendments are made to the Third Sector and Social Enterprises Code, and the new tax regime for entities registered in the RUNTS will apply from January 1, 2026.
• Have the tax return deadlines been modified? 
  Income tax and IRAP 2024 declarations, with an original deadline of October 31, 2024, are considered timely if submitted by November 8, 2024.

Sources

• Official Gazette of the Italian Republic: www.gazzettaufficiale.it
• FiscoOggi.it (Online Journal of the Revenue Agency): www.fiscooggi.it
• Banking Law: www.dirittobancario.it
• Lavorosi.it: www.lavorosi.it
• Ministry of Economy and Finance: def.finanze.it
• Alpe Adria Imprese: www.alpeadriaimprese.it
• Il Diritto: ildiritto.it