27th April 2016
The Italian Ministry for Economic Development has produced a guide on the incentives available for companies established in Italy for 2016.
The handbook, which was published earlier this month, includes advice for start-ups and SMEs looking to invest in Italy as well as those already doing business in the country.
It includes a brief summary of the most relevant tax incentives for both Italian companies and foreign companies. In particular, as is the case for other European countries, a new tax credit for R&D activities performed in Italy, together with the Patent Box regime which grants 50% exemption from Corporate Tax (IRES) and local Tax (IRAP) on income derived from the licensing of the direct exploitation of qualifying intellectual property (IP).
MGI member Studio Pragma based in Fano and Rome, Italy says “this guide is useful information for members and their clients who are looking to set up and do business in Italy. We are involved in several projects involving both Patent Box and R&D tax credit and would happily provide further information on the subject for those interested.”
Download the Italian Ministry for Economic Development Guide HERE.
Studio Pragma has been a member of MGI Worldwide for 12 years and Francesco Bartolucci at the firm is also Chairman of the Coordinating Committee for MGI in Europe.
MGI Worldwide is a Top 20 ranked international accounting network with some 5,000 professionals in more than 250 locations worldwide.