Italy tax declaration: 2026 deadlines and new regulations

The 2026 income tax declaration deadline is approaching for Italian taxpayers born between January 1 and April 14. The 2026 Budget Law has introduced several updates, including new tax deductions for healthcare expenses and property renovations, changes to IRPEF tax rates for specific income brackets, and procedural simplifications for electronic filing.

Additionally, the Italian Revenue Agency (Agenzia delle Entrate) continues to utilize financial surveillance mechanisms to monitor bank accounts. While the ‘71,000 euro threshold’ is often discussed, it is part of a broader system where banks and financial operators are legally required to report balances, movements, and significant transactions to the Tax Register. The agency cross-references this data with declared income to identify discrepancies between bank activity and reported earnings.