As anticipated in our MEMORANDUM N. 1 of 14/01/2025 with the entry into force of L. 207/2024 (Budget Law 2025), the new traceability requirements for travel and entertainment expenses became fully operational, applicable, for the purposes of both determining business and self-employment income and calculating the IRAP tax base, from the 2025 tax period.
Specifically, it was stipulated that expenses for: