The minimum turnover tax (IMCA) applies, from 2024, to large companies with turnover exceeding €50 million, as a safety tax that is compared with the profit tax calculated in the usual way.
The IMCA tax base starts from total revenues adjusted for certain non taxable components and for eligible investments (work in progress assets and depreciation), so that companies with very low margins or large investments are not excessively penalized.
For the 2026 fiscal year, the IMCA rate was reduced from 1% to 0.5% applied to the adjusted base, and the application of the tax is limited until 31 December 2026; for modified fiscal years, until the end of the fiscal year ending in 2027. This minimum tax is to be eliminated from 2027 if no new legislative changes occur.
In practice, the companies concerned must model quarterly both the profit tax and the IMCA, closely monitor eligible investments and document the calculation method, since the differences can be significant, including in the context of sponsorships and foreign tax credit.
Business taxation
Published on May 27, 2026 by LPG
