San Marino News

The Government welcomes the recognition from Fitch and Morningstar DBRS: a “seal of reliability” that reduces debt costs and relaunches the Republic’s international appeal. A historic result marks a turning point for the Republic of San Marino. With the recent upgrade by Fitch and the Positive Outlook confirmed by Morningstar DBRS, the country has achieved double Investment Grade certification. This revaluation is not merely a technical figure, but a fundamen…

Law No. 141/2025, introducing the new and long-awaited (and partly debated) IGR Reform, has been published in the Official Bulletin. The measure, approved on second reading by the Great and General Council, redesigns some fundamental components of the San Marino tax system and will have immediate effects on taxpayers, families, and businesses. Below is a summary of the main changes. From deduction to tax credit: the most significant change One of the key c…

The Republic of San Marino is marking the twentieth anniversary of its first trust law with a high-level conference entitled: “The Civil Law Trust and the Decisions of the Court for Trusts and Fiduciary Relationships. Reflections on the San Marino Experience Twenty Years After the First Law on the Subject.” The event is promoted by the State Secretariat for Justice, Welfare and Family, in cooperation with the University of the Republic of San Mari…

Stable outlook and improved growth prospects thanks to fiscal consolidation and the EU Association Agreement S&P Global Ratings has raised San Marino’s sovereign rating from BBB-/A-3 to BBB+/A-2, while maintaining a stable outlook. This upgrade confirms the soundness of the country’s economic policies and the credibility of its financial reform path. The announcement was made by the State Secretariat for Finance on August 1st and follows similar positive…

The growth of the digital economy and financial technologies is a strategic lever for the economic development of San Marino. The recent conference titled “Fintech in Micro States”, held at the Prestige Lounge of the San Marino Outlet Experience, provided a key opportunity to explore the role of technological innovation in small countries. The event, organized by ABS, ANIS, and the Law Firm of Attorney Matteo Mularoni, was attended by top government officials in…