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Italy Implements Tax Credit for Investments in Special Economic Zone for Southern Italy

14 November 2024

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Approved Changes

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Italy

Italy published the Ministerial Decree of 18 September 2024 in the Official Gazette on 11 November 2024. The Decree provides implementing regulations for a tax credit for certain investments in the "Special Economic Zone for Southern Italy - Single ZES", which includes the regions of Abruzzo, Basilicata, Calabria, Campania, Molise, Puglia, Sardinia, and Sicily. The tax credit is available for investments made from 16 May 2024 to 15 November 2024 in relation to the purchase, including through financial leasing contracts, of new machinery, plants, and various equipment intended for new or existing production facilities, as well as the purchase of...