The effects of the tax reform, aimed at rationalizing and simplifying, inter alia, disciplines of indirect taxes other than VAT, will be in force from Jan. 1, 2025.
Implementing decree of new rules provided for by tax delegation law on indirect taxes other than VAT (DLgs 139/2024) was officially published.
In particular, it pursues objectives set by art 10 of delegation law (Law 111/2023).
The latter includes rationalization of regulation of individual taxes; provision of self-assessment system for inheritance tax and registration tax.
Simplification of regulation of stamp duty and special taxes as well as reduction and simplification of obligations and payment methods for taxpayers, also via introduction of technological solutions and strengthening of telematic services; all further detailed.
ITA Tax details, in particular, self-assessment of inheritance and gift tax (article 1) with focus on trusts and other constraints.
Registration of deeds and self-assessment of the tax (article 2); transfer of business.
Collection of registration tax on judicial documents; life annuities and usufruct; stamp duty (article 4); updating of cadastral titles (article 8) and effective date (article 9).
Provisions to take effect on Jan. 1, 2025 and apply to public deeds drawn up, judicial deeds published/issued, private deeds authenticated/submitted for registration starting from that date, open successions, gratuitous deed made starting on said date.
The above, despite entry into force of decree being Oct. 3 i.e. day after publication.
