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Italy: 110% Tax Deduction Enacted for Certain Energy and Anti-Seismic Works on Existing Buildings

The Situation: For years, the Italian tax system has provided for certain tax deductions from income taxes in case of building restoration works. The Result: The tax deduction from income taxes has now been increased to...more

Italy: Administrative (Quasi-Criminal) Liability for Employee Actions Extended to Tax Offenses

The Italian legal framework provides for the administrative (quasi-criminal) liability of companies for certain criminal offenses committed by their directors, executives, and employees in the interest, or for the benefit, of...more

Italian Budget Law for 2020 Enacted

The Situation: On December 24, 2019, the Italian Parliament approved the Budget Law for 2020. The Result: New favorable tax changes have been introduced, but also new taxes will be imposed on digital services and the...more

Italy Addresses "Carried Interest" Tax Treatment

The Italian government has enacted Law Decree no. 50 ("Decree 50"), providing a set of new tax measures aimed at, among other things, attracting investments in Italy. Decree 50 was finally approved by the Italian Parliament...more

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