“ENERGY” DECREE – MAIN FISCAL CHANGES

In brief

Italian Decree Law 17 of 1 March 2022 (“Energy Decree”) was published in OJ 50 of 1 March 2022 and entered into force on 2 March 2022.

The main changes include:

  • extension of the redetermination of the tax cost of land and unlisted equity investments;
  • tax credit for energy intensive enterprises;
  • tax credit for enterprises with high gas consumption;
  • tax credits for enterprises operating in the road haulage sector;
  • tax credit for energy efficiency investments in Southern Italy;
  • amendments to the transitional regime of deductibility of losses on receivables of banks and insurance companies.

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