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European Commission Opens State Aid Investigation into Tax Exemptions for Italian Ports and Closes Procedure Concerning Spanish Ports

18 November 2019

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Approved Changes

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European Union-Italy-Spain

On 15 November 2019, the European Commission announced that it has opened a State aid investigation into the tax exemption provided for Italian ports and has decided to close the procedure concerning Spanish ports. --- The European Commission has opened an in-depth investigation to assess whether tax exemptions granted under Italian law to ports are in line with EU State aid rules. The Commission also welcomes the commitment made by Spain to abolish the tax exemption benefitting Spanish ports as from 2020, allowing the Commission to close the procedure concerning Spain. In Italy, port authorities are fully exempt from corporate...