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Digital Payments for Corporate Travel and Entertainment Expenses

Publisher IDC
Published May 12, 2025
Length 9 Pages
SKU # IDC20031084

Description

This IDC Perspective examines the Italian Budget Law (L.207/2024) mandating traceable digital payments for T&E expenses. Aimed at combating tax evasion and enhancing fiscal transparency, the law requires that expenses be traceable to qualify for tax deductions, impacting corporate processes and employee reimbursements. Compliance involves using traceable payment methods, maintaining proper documentation, and aligning accounting practices. Corporate banks can play a key role in supporting businesses via advisory services and suitable payment solutions.“Digital payments are growing and can revolutionize corporate T&E expenses, enhancing transparency and combating tax evasion. Discover how the 2025 Italian Budget Law mandates traceable payments for tax deductions, its implications for businesses and employees, and how digital payments can foster compliance.” — Research Director Maria Adele Di Comite, Financial Insights, Corporate Banking, IDC Europe

Table of Contents

9 Pages

Executive Snapshot

Situation Overview

Executive Summary

Situation Overview

Objectives and Scope of the Italian Budget Law (L.207/2024)

Italian Budget Law Requirements

Noncompliance Risks and Impacts

New Challenges: Complying with T&E Expense Requirements

Advice for Compliance

Key Steps for Corporates to Ensure Compliance with the New Regulations

Opportunities in Process Review and Managing T&E Expenses

Conclusion

Advice for the Technology Buyer

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