Italy Update: Repealed the Patent box, in its place the super deduction

Legislative Decree no. 146 of 21 October 2021 (so-called “fiscal” DL) came into force, bringing with it the repeal of the “old” Patent box regime and the introduction of the new option for the “super deduction” of 90% of research and development costs on certain intangible assets:

• Copyrighted software
• Industrial patents
• Trademarks
• Designs
• Processes, formulas and information relating to experience acquired in the industrial, commercial or scientific field that can be legally protected.

The scheme is optional, is valid for 5 years and is irrevocable and renewable (the methods of exercising the option will be identified with a specific provision of the director of the Revenue Agency).

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

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

Disclaimer: Transatlantic Law International Limited is a UK registered limited liability company providing international business and legal solutions through its own resources and the expertise of over 105 affiliated independent law firms in over 95 countries worldwide. This article is for background information only and provided in the context of the applicable law when published and does not constitute legal advice and cannot be relied on as such for any matter. Legal advice may be provided subject to the retention of Transatlantic Law International Limited’s services and its governing terms and conditions of service. TransatlanticLaw International Limited, based at 42 Brook Street, London W1K 5DB, United Kingdom, is registered with Companies House, Reg Nr. 361484, with its registered address at 83 Cambridge Street, London SW1V 4PS, United Kingdom.