MAIN TAX MEASURES INTRODUCED BY DECREE-LAW NO. 146 OF 21 OCTOBER 2021 (THE SO-CALLED “FISCAL DECREE”)

Overview

Decree-Law No. 146 of 21 October 2021 (the so-called “Fiscal Decree”), published in the Official Journal of the Italian Republic No. 252 on 21 October 2021, and in effect since 22 October 2021, has provided further urgent measures regarding economic and fiscal matters and job protection. Decree-Law No. 146/2021 must be converted into law by 20 December 2021, and, therefore, the provisions contained therein may be subject to modifications and additions.

The main changes regarding taxation issues provided in Decree-Law No. 146/2021 are analysed below:

  • Deferral of the deadlines related to tax payment bills;
  • Deferral of the payment of instalments for tax collection settlement procedures;
  • Adjustment of the rules relating to the R&D tax credit;
  • Repeal of the Patent Box and introduction of a new, super deduction for R&D expenditures;
  • Temporary Framework for State aid.

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