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Italy's Tax Agency Sets Refund Record With Nearly €26.3 Billion in 2025

Faster settlement reflects wider use of direct bank credits with early 730 filings.

Overview

  • Refund outlays rose by more than €2 billion from 2024, an 8.5% increase according to data through 24 December.
  • VAT repayments surpassed €20.8 billion for VAT-registered firms, artisans and professionals.
  • Direct-tax refunds totaled about €5.3 billion, including €3.5 billion of IRPEF to households and €1.8 billion of IRES to companies.
  • More than 4.1 million payments were completed, up over 5% year over year, including nearly 4 million IRPEF refunds and 102,000 VAT cases.
  • Of the IRPEF amounts, €1.8 billion was paid directly to almost 2.4 million taxpayers who filed the 730 by late September without a payroll intermediary.