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FINANCIAL TAX ANALYSIS

Esenzione da tassazione dei redditi e pensioni ONU  

Tassazione di investimenti e immobili esteri ‒ Sanzioni per omessa dichiarazione

Exemption from taxation of UN income and pensions ‒ Taxation of foreign investments and

properties ‒ Penalties for non-declaration

1. Redditi ONU / UN Income

I redditi da lavoro corrisposti dalle Nazioni Unite sono esenti da IRPEF ai sensi della Convenzione

del 1946, ratificata con Legge n. 648/1950. 

This income is exempt from Italian taxation (IRPEF)

under the 1946 UN Convention, ratified by Law No. 648/1950.

2. Pensioni ONU / UN Pensions

Le pensioni corrisposte dal United Nations Joint Staff Pension Fund (UNJSPF) non sono esenti da

imposte in Italia. 

They are taxable in Italy for residents, as established by the Italian Revenue

Agency (Res. 91/E/2001, Interp. 119/2018).

3. Investimenti e immobili esteri / Foreign Investments and Properties

I residenti fiscali in Italia devono dichiarare tutte le attività e i redditi esteri (art. 2, comma 2,

TUIR). 

Italian tax residents must report all foreign assets and income under the worldwide taxation

principle.

4. Imposte e sanzioni / Taxes and Penalties

Le attività estere sono soggette a IVAFE (0,2%) e IVIE (0,76%). Sanzioni per omessa

dichiarazione: 3‒15% (white list) o 6‒30% (black list). 

Foreign assets are subject to IVAFE (0.2%) and IVIE (0.76%). Penalties for non-declaration range from 3‒15% (white list) or 6‒30% (black list).

5. Conclusione / Conclusion

I redditi ONU sono esenti, le pensioni ONU sono tassabili in Italia. Gli investimenti esteri devono

essere dichiarati. 

UN salaries are exempt, UN pensions are taxable in Italy. Foreign investments

must be declared to Italian authorities.

Redatto da / Prepared by:

F.D.T. Consulting di Francesco Di Tommaso

Consulenza tributaria e societaria internazionale / International Tax and Corporate Consulting

TAX AUDIT REPORT

(Prepared by F.D.T. Consulting)

Date: November 2025

1. Introduction

This report, prepared by F.D.T. Consulting, provides an overview of the regulatory framework

governing tax audits and assessments conducted by the Agenzia delle Entrate (Italian Revenue

Agency), including the applicable time limits within which the authorities are entitled to verify and

reassess a taxpayer's position, generally up to five fiscal years prior to the current one.

2. Legal Framework

Tax audits in Italy are primarily regulated by the following legislative sources:

- Presidential Decree No. 600/1973 – General provisions on income tax assessment procedures.

- Presidential Decree No. 633/1972 – Provisions regarding Value Added Tax (VAT) assessment.

- Law No. 208/2015 (2016 Stability Law) – Extended the statutory limitation period for tax

assessments.

- Legislative Decree No. 128/2015 – Introduced cooperative compliance and preventive rulings.

3. Statutory Time Limits

The Agenzia delle Entrate may perform tax assessments within the following general time limits:

- For Income Taxes (IRPEF, IRES): Up to five years from the year following the filing of the annual

tax return. Example: A tax return filed for FY 2020 can be audited until 31 December 2026.

- For VAT (IVA): The same five-year limitation applies, under Article 57 of DPR 633/1972.

- In case of omitted tax returns: The assessment period extends to seven years following the year in

which the return should have been filed.

4. Audit Procedures

Tax audits may involve:

- Desk audits (controlli automatizzati e formali) based on data matching and document verification.

- Field audits (verifiche in loco) conducted at the taxpayer's premises.

- Cross-checks and cooperative compliance reviews where applicable.

During these audits, the taxpayer must provide supporting documentation for declared income,

deductible costs, and VAT transactions. Failure to comply or provide evidence may lead to

adjustments and administrative penalties.

5. Penalties and Appeals

Administrative penalties for tax violations range from 90% to 180% of the additional taxes

assessed. Taxpayers have the right to appeal against the assessment within 60 days from

notification, before the Tax Court (Corte di Giustizia Tributaria di Primo Grado).

6. Conclusion

In conclusion, the Italian Revenue Agency retains the authority to conduct tax audits and issue

assessments within five fiscal years from the filing of the relevant return, or seven years in cases of

omission. Taxpayers are advised to maintain complete accounting and fiscal records for at least

this period, in compliance with Articles 43 and 57 of DPR 600/1973 and DPR 633/1972

respectively.