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Italy Expands Tax Credits for Rising Energy and Fuel Prices and Introduces Windfall Profits Tax on Energy Companies

|Approved Changes|Italy
Italy

Italy has published Decree-Law No. 21 of 21 March 2022 in the Official Gazette, which contains urgent measures to counter the economic and humanitarian effects of the Ukrainian crisis, including measures to mitigate the effects of high energy prices. This includes new and increased tax credits as follows:

  • The tax credit for energy (electricity) expenses incurred by qualifying energy-intensive…

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