In the run up to Italy’s 2024 Finance Law, the now traditional proposals for an increase in Italian Inheritance and Gift Tax rates were put on the table again. Italy has one of the most favourable regimes in Europe and increase in rates presents an opportunity for Politicians trying to balance the books. But for the time being no changes have been made.
On 9 April 2024 the Italian Council of Ministers was been convened to examine a draft legislative decree ‘Provisions for the rationalisation of registration tax, inheritance and gift tax, stamp duty and other indirect taxes other than VAT’.
In the draft of the Legislative Decree that has been publicly shared so far (and that does not have any official effect at the moment) there would be a substantial reform of the tax regulations on donations through significant amendments to Legislative Decree No. 346 of 31 October 1990.
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