On March 28, 2025, the Council of Ministers approved a decree-law that postpones, for micro, small, and medium-sized enterprises, the obligation to enter into insurance contracts covering damages directly caused by natural disasters and catastrophic events occurring within the national territory.

The Council of Ministers, meeting on March 28, 2025, approved the extension of the deadline for companies to comply with the obligation (originally set for March 31, 2025) to take out insurance policies against natural disasters. This obligation was introduced by the 2024 Budget Law (for the implementing rules of this requirement, see the Ministry of Economy and Finance Decree published in the Official Gazette No. 48 of February 27, 2025). Specifically, the new deadlines for subscribing to the insurance policy have been postponed as follows:

• October 1, 2025, for medium-sized enterprises;

• January 1, 2026, for small and micro enterprises.

Instead, the deadline introduced by the 2025 "Milleproroghe" Decree for large enterprises has been confirmed. However, penalties will not be enforced for an additional 90 days. During this grace period, any failure to comply with the insurance obligation will not be taken into account when assigning public funding, grants or financial incentives, including those related to natural disaster and catastrophic event response programs.

The table below provides a summary of the criteria used to classify companies as micro, small, medium or large enterprises, along with the new deadlines for subscribing to the required insurance policies.

Tax News published on 18/04/2025 by Cristiano Fasanari