Italy implements Decreto Omnibus with new tax and POS rules

The Italian government has implemented the Decreto Omnibus (Legislative Decree 148/2026), introducing several fiscal adjustments and protections for businesses.

A key provision establishes a 5% tolerance threshold for discrepancies between electronic POS payments and digital receipts. This measure is designed to protect merchants, such as those in the bar and restaurant sectors, from administrative fines and business closures resulting from clerical errors or mismatches during peak operational hours.

Additionally, the decree introduces broader tax reforms, including extending the timeframe for VAT deductions to two years. It also implements a 26% substitute tax on the positive differentials of tax credits purchased by professionals. Other updates include new provisions for ISA subjects renewing their CPB for 2026-2027 and clarifications regarding dependents and allowances effective from 2025.