Law 124/2017 (Article 1, paragraphs 125-129) establishes specific disclosure obligations for entities receiving public funding. Below are the main operational guidelines for compliance in 2025.
Obligated entities
- Non-commercial entities: environmental associations, consumer associations, ONLUS (non-profit organizations of social utility), foundations, and social cooperatives
- Businesses: entities registered in the Business Register, including those preparing abbreviated financial statements and those not required to prepare explanatory notes
Scope of the obligation
The obligation concerns subsidies, grants, benefits, contributions, or aid, in cash or in kind, that are not of a general nature and do not have compensatory, remunerative, or indemnity characteristics, actually disbursed by Public Administrations in the previous fiscal year (2024).
Important: Benefits obtained under general schemes (e.g., tax reliefs available to all) and the five-per-thousand tax contribution are excluded.
Publication methods
- Non-commercial entities: publish on their websites by June 30, 2025, or in the explanatory notes
- Businesses: include the disclosure in the explanatory notes of the 2024 financial statements
- Entities with abbreviated financial statements: may choose to publish on their websites by June 30, 2025, or in the explanatory notes
- Entities without explanatory notes (sole proprietors, partnerships, micro enterprises): publish on their websites by June 30, 2025
Threshold and application criterion
The obligation applies only if the total amount of public funding received is equal to or greater than €10,000. The cash accounting principle applies for reporting purposes.
Exemptions
State aid and de minimis aid registered in the National Register of State Aid (RNA) are exempt from this disclosure obligation.
Sanctions
Failure to comply results in a penalty equal to 1% of the amounts received (minimum €2,000) and the obligation to fulfill the publication. If non-compliance persists 90 days after notification, full repayment of the benefit is required.
For further information, please contact the RCG studio.