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Italy enacts exceptional 15% Notional Interest Deduction or equivalent tax credit for 2021

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Italy

Executive summary

On 25 May 2021, Italy’s Law Decree n. 73 of 25 May 2021, referred to as the “Sostegni-bis” decree (the Decree), was published in the Official Gazette and entered into force on the same day. While effective immediately, the Decree will have to be converted (with potential changes) into Law within 60 days from its publication to remain in force. Some implementing measures will follo…

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