“SOSTEGNI-TER” DECREE (ITALIAN DECREE LAW 4 OF 27 JANUARY 2022) – MAIN FISCAL CHANGES

In brief

Italian Decree Law 4 of 27 January 2022 (“Sostegni-ter” Decree), published in OJ 21 of 27 January 2022, introduces additional urgent measures to help business, economic operators, workers and households to overcome the difficulties caused by the Coronavirus emergency.

Italian Decree Law 4/2022 entered into force on 27 January 2022, the same day it was published, but specific effective dates have been established for certain provisions. Italian Decree Law 4/2022 is in the process of being converted into law and its provisions could therefore be amended or supplemented.

The main changes include:

  • an outright grant to boost retail trade activities;
  • amendments to the rules on the assignment of building bonus grants;
  • tax credits for specific sectors (in particular, tourism, advertising, textiles and fashion);
  • tax credits to facilitate the ecological transition or to help business that incur high energy costs; higher ceilings for state aid.

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