{"id":430,"date":"2026-03-05T14:36:40","date_gmt":"2026-03-05T13:36:40","guid":{"rendered":"https:\/\/www.studioterragni.eu\/class-aptent-taciti-sociosqu\/"},"modified":"2026-03-18T10:29:03","modified_gmt":"2026-03-18T09:29:03","slug":"update-italian-accounting-standards-oic","status":"publish","type":"post","link":"https:\/\/www.studioterragni.eu\/en\/update-italian-accounting-standards-oic\/","title":{"rendered":"Update Italian Accounting Standards (OIC)"},"content":{"rendered":"<p>In December 2025, amendments were issued concerning:<\/p>\n<ul>\n<li><strong>amortisation of intangible<\/strong> assets;<\/li>\n<li>purchase of goods <strong>with resale options<\/strong>;<\/li>\n<li>discounting of dismantling and restoration provisions;<\/li>\n<li>substitute tax on the revaluation of reserves: the tax liability must be recorded in equity, not in the income statement.<\/li>\n<\/ul>\n<p>In June 2025, the new OIC 30 on interim financial statements was also published.<\/p>\n<p>These changes apply from 2026 but may be adopted early in the 2025 financial statements.<\/p>\n<h1>OIC Not Yet Final<\/h1>\n<ul>\n<li>The new OIC 5 on liquidation financial statements has not yet been finalised (only the 2024 draft is available).<\/li>\n<\/ul>\n<p>End of COVID Derogations<br \/>\nFor 2025 financial statements, the COVID-related derogations no longer apply regarding:<\/p>\n<ul>\n<li>suspension of depreciation,<\/li>\n<li>going concern assessment.<\/li>\n<\/ul>\n<p>Derogation Still Valid for Current Asset Securities<br \/>\nThe derogation allowing companies to avoid writing down securities (when there is no permanent impairment) remains valid for 2025 and 2026.<\/p>\n<p><strong>Mandatory:<\/strong> allocate to a non-distributable reserve an amount equal to the avoided impairment.<\/p>\n<p>The draft OIC 12 is open for consultation until 12 March 2026.<\/p>\n<p>Sterilised Losses from 2020<br \/>\nThe five-year period for sterilising 2020 losses ends.<br \/>\nTherefore, in 2025 these losses <strong>must be addressed<\/strong> (coverage, share capital reduction, etc.).<\/p>\n<p>Tax Updates from Legislative Decrees No. 192\/2025<br \/>\nTo be considered for the 2025 financial statements:<\/p>\n<ul>\n<li>new tax rules on the correction of accounting errors;<\/li>\n<li>extension of the enhanced derivation principle to micro-enterprises.<\/li>\n<\/ul>\n<p>These provisions apply to financial years starting on or after 1 January 2025.<\/p>\n<p>Disclosure on Public Grants<br \/>\nThe rules remain unchanged compared to last year.<br \/>\nThe expected repeal of Art. 125-bis of Law 124\/2017 has not been confirmed.<\/p>\n<p>Non-Financial Reporting<br \/>\nSustainability reporting requirements have been simplified at the European level.<\/p>\n<p>Shareholders\u2019 Meetings for Approval of Financial Statements<br \/>\nUntil 30 September 2026, simplified procedures may still be used for:<\/p>\n<ul>\n<li>remote shareholders\u2019 meetings,<\/li>\n<li>voting without physical attendance.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In December 2025, amendments were issued concerning: amortisation of intangible assets; purchase of goods with resale options; discounting of dismantling and restoration provisions; substitute tax on the revaluation of reserves: the tax liability must be recorded in equity, not in the income statement. In June 2025, the new OIC 30 on interim financial statements was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":486,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.studioterragni.eu\/en\/wp-json\/wp\/v2\/posts\/430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.studioterragni.eu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.studioterragni.eu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.studioterragni.eu\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.studioterragni.eu\/en\/wp-json\/wp\/v2\/comments?post=430"}],"version-history":[{"count":1,"href":"https:\/\/www.studioterragni.eu\/en\/wp-json\/wp\/v2\/posts\/430\/revisions"}],"predecessor-version":[{"id":491,"href":"https:\/\/www.studioterragni.eu\/en\/wp-json\/wp\/v2\/posts\/430\/revisions\/491"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.studioterragni.eu\/en\/wp-json\/wp\/v2\/media\/486"}],"wp:attachment":[{"href":"https:\/\/www.studioterragni.eu\/en\/wp-json\/wp\/v2\/media?parent=430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.studioterragni.eu\/en\/wp-json\/wp\/v2\/categories?post=430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.studioterragni.eu\/en\/wp-json\/wp\/v2\/tags?post=430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}