Italian 2026 Finance Bill – Key Tax Measures: Support for Middle and Low Incomes | Revision of IRPEF tax brackets | Baby bonus | Enhanced parental leave and nursery bonus | Social security exemption for working mothers | Increased deductions for private school expenses | Family endowment fund | First home mortgage guarantee fund | Support for food purchases | Energy-efficient appliance bonus | Cap on deductions for incomes over €75,000 | Exceptions for healthcare, mortgages, and startup investments | End of deductions for children over 30 (except disabled children) | “Hire more, pay less” tax deduction for new permanent hires | Reduced tax on productivity bonuses | Fringe benefit exemptions | Relocation support for new hires | Raised flat tax threshold for employees and pensioners | Reduced corporate tax (IRES) for reinvested profits | Tax credits for southern Italy investments | Enhanced “Nuova Sabatini” machinery financing | Support for SME stock market listings | Increased public investment in defense, infrastructure, and healthcare | Banking and Insurance | Deferred deductions for financial sector losses | Annual stamp duty on life insurance contracts

Doing Business in Italy Guide

Audits and Auditors

12.1 Statutory Audit Requirements

Italian companies are subject to statutory audit requirements based on their legal form and size. An audit is mandatory for:

  • All S.p.A. companies
  • S.r.l. companies exceeding two of the following thresholds for two consecutive years:
    • Total assets > €4 million
    • Revenues > €4 million
    • Employees > 20

Audits must be performed by registered professionals or audit firms listed with MEF (Ministry of Economy and Finance).

12.2 Appointment and Independence

Auditors are appointed by shareholders and must remain independent of management. The term is typically three years, renewable. Auditors must not have conflicts of interest or financial ties to the company. Rotation rules may apply to listed entities.

12.3 Audit Scope and Standards

Audits cover financial statements, internal controls, and compliance with accounting standards. Auditors follow Italian GAAS (Generally Accepted Auditing Standards) and, for listed companies, ISA (International Standards on Auditing). Reports must include an opinion and may highlight material weaknesses or irregularities.

12.4 Reporting and Disclosure

Audit reports are filed with the Companies Register and included in the annual financial statements. Listed companies must publish audit opinions and any key audit matters. Auditors may also report fraud or non-compliance to authorities under whistleblower protections.

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