The Italian Case: with the New Reform, Will Interferences Taxes in Financial Reporting be Definitely Eliminated?

The presence of tax rules that place limits on the deductibility items in balance sheet public profit and loss makes it tempting for preparers financial statements to reduce taxable income which taxes are be calculated, report reporting company. In this case, one speaks interferences re-porting since should free from any connection with regulations since, while regulate determination income, concerning repor-ting aim ensure is correct, fair understan-dable. Tax numerous widespread Italian statements; 23 April 2023, a bill was pre-submitted reform sphere, among various topics covered, existing rela-tionship between regulations. As will stated following pages, elimination interference, primary goal set out as mentioned above, achieved if companies adhe-re what implementing decrees law assessors can act statement values. An objective eliminate interference reporting, but only light decrees, have not yet been issued after two or three years statements, we able know whether above achieved, continue present form ru-les that, when comes into force, no longer legal value, may operational practical value.