Table of contents
Electronic invoice: new code for omissions and irregularities
Thanks to the new technical specifications of the electronic invoice (version 1.9) published on January 31st, purchasers of goods or services will be able to notify the tax authorities of the non-receipt of an invoice (or the receipt of an irregular invoice), in relation to violations committed from September 1st 2024 onwards.
As of April 1st 2025, with the new TD29 document type subjects who have not received invoices within 90 days of the deadline by which it should have been issued or of the deadline by which the irregular invoice was issued, will have to inform the tax authorities, thus clearing the risk of being sanctioned with a penalty equal to 70% of the VAT (minimum EUR 250).
The new version of the technical specifications has introduced the code RF20 to indicate in the e-invoice the EU cross-border exemption tax regime under Directive No. 2020/285.
Inail yearly calculation 2025
By 16 February each year (17 February, as this year the 16th falls on a Sunday), employers must calculate and pay the INAIL national insurance compulsory premium via a mechanism called “self-liquidation”. Employers shall:
- calculate the advance premium for the current year (instalment) and the adjustment for the previous year (adjustment), based on the risk classes and actual salaries for the previous year;
- determine the total amount given by the algebraic sum of the instalment and the adjustment, applying any contribution reductions;
- make the payment using the F24 form.
Income, Cnm and Irap 2025 tax return forms
After the drafts of the 730 and 770, the 2025 tax return season continues with the drafts of the forms for Individuals, Partnerships, Capital entities, Non-Commercial Entities, National and World Consolidation and regional tax (IRAP), available on the Agenzia delle Entrate website in the special section dedicated to forms.
Monthly withholding tax declaration
Employers with fewer than 5 employees are given the option to declare withholding tax ona monthly basis – instead of doing so annually by means of a new form, as per the below.
Is palladium a precious metal?
In its reply No. 1 of February 3rd 2025, the Italian Revenue Agency, in the context of a judicial advisory, clarifies that palladium falls within the perimeter of ‘precious metals’ relevant for tax purposes for capital gains according to the Tuir (Article 67, letter c-ter). Consequently, the capital gain accrued from the sale for consideration of this metal falls within the scope of miscellaneous income subject to the substitute tax of 26 per cent.