Newsletter - New tax provisions introduced by the Growth Decree

Newsletter - New tax provisions introduced by the Growth Decree

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Law Decree No. 34 of 30 April 2019, containing urgent provisions aimed at enhancing the Italian economic growth (hereinafter, the “Growth Decree”), was published on the Italian Official Gazette n. 100 dated 30 April 2019 and entered into force on 1 May 2019. The Growth Decree shall be further converted into law by the Italian parliament within the following 60 days.

The Growth Decree provides significant changes in the tax area such as the reintroduction of the increased depreciation coefficient for the purchase of new capital assets, the introduction of procedural amendments concerning the “Patent Box” regime, the strengthening of benefits provided by the pre-existing Italian tax regime of inpatriate workers, the introduction of incentives connected to the valorization of the real estate industry, amendments introduced to the tax treatment of convertible financial instruments, the reintroduction of a bonus for business combinations and the introduction of a number of tax provisions aimed at facilitating certain securitization transactions.


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