Italy: New guidelines for amending returns | KPMG | GLOBAL
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Italy: New guidelines for amending returns, resolving tax liabilities

Italy: New guidelines for amending returns

The Italian government approved a decree—Law Decree no. 193 (22 October 2016)—that transfers tax collection activities to a department of the Italian revenue agency and implements other changes with respect to amending tax returns and tax collection.


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The decree introduces changes to the legal framework for amending annual tax returns for Italian corporate income tax, regional income tax, and withholding tax. These amendments allow taxpayers to file amended returns to correct mistakes or omissions or to adjust taxable income before the expiration of the statute of limitations for the year for which the original return was filed. Penalties would continue to apply, but could be reduced under a voluntary self-disclosure mechanism.

There is also a special procedure being made available for resolving and settling certain tax liabilities, in some instances, by making installment payments.


Read an October 2016 report [PDF 193 KB] prepared by the KPMG member
firm in Italy

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