Italy Briefing: Italian Patent Box Regime

Italy Briefing: Italian Patent Box Regime

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“Italy has decided to become internationally competitive while also offering to Italian and foreign companies the opportunity to benefit from a tax relief program for income derived, directly or indirectly, resulting in the exploitation of intellectual properties of enterprises.

In particular, the “Patent Box” was introduced with the Stability Law 2015 in Italy. There are similar regimes already adopted in other EU countries however they are under examination by the OECD to verify that they are not harmful tax practices in connection with Action 5 of its Action Plan on Base Erosion and Profit Shifting (BEPS).

The Italian parliament approved an elective regime which grants a partial exemption from Corporate income tax (IRES & IRAP) on income derived from qualifying intangible assets i.e. Intellectual property, know-how, patents & trademarks. The exemption will increase gradually from 30% in 2015, 40% in 2016 to 50% in 2017 and beyond. The patent box serves a dual purpose, on one hand, it can reduce taxable base erosion and profit sharing (BEPS), and on the other hand, to promote Italian investments by foreign companies.”

Access The Italian Patent Box Newsletter

Vasapolli & Associati is a LEA Global firm member with locations in Turin, Milan, and Italy.

Source: Vasapolli & Associati – http://www.vasapolli.it/index.html
Used with permission. All materials and contents © 2015.

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The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.


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Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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