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

Shareholders and Members

3.1 Rights and Obligations

Shareholders in Italian companies enjoy rights based on their share class and the company’s bylaws. Core rights include:

  • Voting on key resolutions (e.g., mergers, capital changes)
  • Receiving dividends and liquidation proceeds
  • Inspecting financial statements and minutes
  • Calling meetings (if holding ≥10% of capital)

Obligations include contributing capital, respecting confidentiality, and complying with shareholder agreements.

3.2 Shareholder Agreements

Shareholder agreements (patti parasociali) are common in Italy and may cover:

  • Voting arrangements
  • Transfer restrictions (e.g., right of first refusal)
  • Drag-along and tag-along rights
  • Board composition and veto powers

These agreements are enforceable if properly drafted, but must not conflict with mandatory company law or public policy.

3.3 Minority Protections

Italian law provides safeguards for minority shareholders, including:

  • Right to challenge resolutions in court
  • Exit rights in case of mergers or major changes
  • Access to company records and financials
  • Judicial appointment of auditors or administrators in cases of abuse

Companies may also include enhanced protections in their bylaws or shareholder agreements.

3.4 Membership in Partnerships

In partnerships (S.n.c., S.a.s.), members are personally liable and actively involved in management unless otherwise agreed. Limited partners (S.a.s.) are shielded from liability but cannot manage the business. Admission and withdrawal are governed by the partnership agreement and Civil Code provisions.

If you have any questions , feel free to contact us.

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