IMU (property tax) in Italy continues to be one of the most significant taxes for owners of properties, second homes, and buildings other than their primary residence.

Failure to submit Form 730 can lead to different consequences depending on your tax situation. If submitted within 90 days of the deadline, the return is late and carries a reduced penalty; if submitted after this deadline, it is omitted, with higher fines. Those in debt risk penalties of up to 240% of the unpaid tax and, in the most serious cases, even criminal prosecution. Those in debt, however, lose their refund. This can be remedied by submitting a late return or, after 90 days, the Personal Income Tax Form.

The 2026 tax return season, covering 2025 income, will begin on April 30, with the pre-filled 730 form available on the Revenue Agency's website. The 730 form must be submitted by September 30, while the personal income tax form must be submitted by November 2. Among the first deadlines to remember is March 16, the deadline for submitting the Single Certifications. The tax calendar also includes IRPEF payments and the option to submit the supplementary 730 form by October 26.

Bank transfers are now a common way to move money in Italy, including for informal loans, gifts, or financial support between family members. However, it’s important to know the rules, limits, reporting requirements, and the correct transfer description (causal) to avoid issues with the Italian Revenue Agency (Agenzia delle Entrate).