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Italy Enacts Urgent Measures in Relation to National Energy Policies, Business Productivity, Investment Attraction, and the Ukrainian Crisis

26 July 2022

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Approved Changes

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Italy

Italy has published Law No. 91 of 15 July 2022 in the Official Gazette, which converts into law the measures of Decree-Law No. 50 of 17 May 2022. This includes further urgent measures first approved by the Council of Ministers in May 2022 in relation to national energy policies, business productivity, and investment attraction, as well as the Ukrainian crisis. As previously reported, energy measures include: An increase in the tax credit for natural gas expenses from 20% to 25% for all qualifying companies in the second quarter of 2022; The introduction of a tax credit equal to 10% of...