Italy Update: Contribution for start-ups: revenue provision published

The Revenue Agency has defined the operating procedures to obtain the non-repayable contribution for start-ups, more precisely for taxpayers, affected by the Covid-19 emergency, who activated the VAT number in 2018 and started the activity in 2019. The application must be submitted, through the appropriate service available in the Invoices and Fees portal, in the period from 9 November to 9 December 2021. The contribution is expected to be a maximum of 1,000 euros: the value will depend on the ratio between the total expenditure limit established by law and the total amount of contributions relating to the requests accepted. The applicant can obtain the contribution as a credit to the current account or as a tax credit to be used in compensation in the F24 model.

By Quorum, Italy, a Transatlantic Law International Affiliated Firm. 

For further information or for any assistance please contact italy@transatlanticlaw.com

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