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Italy: Review of R&D tax credit

R&D tax credit in Italy

A tax credit is available for eligible Italian companies and Italian permanent establishments of foreign companies investing in research and development (R&D). The credit is available from the fiscal year in progress on 31 December 2014 and up to the fiscal year in progress on 31 December 2020.


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The Italian tax authority during 2018 issued guidance to clarify application of the R&D tax credit. The clarifications on the R&D tax credit include guidance that focuses on the eligibility of software development costs and on the application of the tax credit in the event of business restructurings.

Read a July 2018 report [PDF 384 KB] prepared by the KPMG member firm in Italy

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