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Italy Planning Amendments to R&D Tax Credit Regime and Investment Allowances

|Proposed Changes|Italy
Italy

The Italian government is currently working to finalize the draft budget for 2019. Tax measures reportedly being considered include amendments to the country's R&D tax credit regime. Currently, the regime provides for a credit equal to 50% of qualifying R&D expenditure that exceeds the average expenditure for the 2012, 2013 and 2014 tax years, with a credit cap of EUR 20 million per yea…

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