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Italy Extends Energy Support Measures for December 2022

06 December 2022

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Approved Changes

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Italy

Italy recently published Decree-Law No. 176 of 18 November 2022 in the Official Gazette, which contains urgent support measures in the energy and public finance sector. This includes the extension of the following support measures for electricity and natural gas expenses under the same conditions provided for in October and November 2022: The 40% tax credit for electricity expenses incurred by qualifying energy-intensive companies is extended for electricity purchased and used in December 2022; The 30% tax credit for electricity expenses incurred by other qualifying companies is extended for electricity purchased and used in December 2022; and The 40% tax...