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
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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