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Italy: Tax amnesty, penalty and interest relief

Italy: Tax amnesty, penalty and interest relief

A tax amnesty program has been established by a new “law decree.”


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Law Decree no. 119 (23 October 2018) has been published in the official gazette, but would need to be converted into law with approval of the parliament by 22 December 2018. Assuming this procedural step is completed, the Italian tax authorities would then be expected to issue implementing regulations.

The tax amnesty offers relief from certain penalties and interest if, in general, the taxes are paid in full. In some instances, the taxes could be paid in installments over a period of time.


Read an October 2018 report [PDF 171 KB] prepared by the KPMG member firm in Italy

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