A law decree that amends the patent box regime and that provides other corporate tax measures was “converted into law” on 15 June 2017.
The new law decree (no. 50 of 24 April 2017) removes trademarks from the list of qualifying intangibles under the patent box regime. The limits on the patent box regime apply to taxpayers that elect to apply the patent box regime after 2016 (for calendar year taxpayers, the patent box benefits are no longer available for income attributable to trademarks from 2017). “Grandfathered” measures apply for elections with respect to trademarks in tax years in progress as of 31 December 2016.
Other provisions in Law Decree no. 50 include:
Read a June 2017 report [PDF 183 KB] prepared by the KPMG member firm in Italy
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