The New Consolidated Law on Value Added Tax – below Testo Unico IVA – (Legislative Decree No. 10/2026), published in the Official Journal on January 30, 2026, implementing the Delegated Law on Tax Reform No. 111 of August 9, 2023, will come into force on January 1, 2027.

Main innovations of the Testo Unico IVA


The significance of this Law lies in the fact that all pre-existing legal provisions regarding Value Added Tax are consolidated and organized into a single text, which therefore completely replaces the previous provisions, offering greater clarity and legal certainty.
The Text also contains other important elements:

  • It makes explicit reference to European Union regulations regarding territoriality and intra-EU trade in goods.
  • It mandates the exclusive use of electronic invoicing through the Interchange System established by the Ministry of Economy and Finance.
  • It revises the penalty system, making it less onerous and, above all, clearer.

What changes to imports/exports?


Regarding VAT regulations on foreign trade, the following articles are indicated, in addition to numerous specific provisions throughout the Text:
ART. 11 Imports
ART. 33 Determination of the import tax
ART. 35 Special cases of application of the standard and reduced rates
ART. 44 Imports not subject to the tax
ART. 45 Export sales
ARTS. 46 and 47 Tax-suspended purchases
ART. 53 Tax warehouses for VAT purposes
ART. 67 Application of the import tax
ART. 156 Special Regime for the Declaration and Payment of Import VAT


All special laws governing trade with San Marino and the Vatican City are incorporated directly into the ordinary procedures of the Act.
The rules for the use of VAT warehouses for imported goods are realigned with the Union Customs Code to ensure greater clarity in the sources of the law and reduce room for interpretation.

What actions must be taken between now and January 1, 2027?


Italian companies that import/export must:

  • update the references to the Articles of Law in their ERP as well as the standard wording that must be those accepted by the Interchange System, to avoid the risk of rejection.
  • unify customs procedures and tax communications for trade within and outside the European Union.
  • Verify that all documentation supporting trade is available in digital format.