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Italian 2025 Budget Law introduces reduced alternative corporate income tax rate equal to 20% for FY 2025

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Italy

  • The 2025 Budget Law introduced a reduced 20% corporate income tax (as opposed to the ordinary 24%) applicable only to 2025 income under certain circumstances.
  • Requirements include that the taxpayer temporarily retains at least 80% of its 2024 earnings and makes investments in qualifying assets by also respecting a certain level of employment.
  • For fiscal years after 2025, an alternative corporate inc…

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