Tech Alert | February.18.2021
The Minister of Economic Development in agreement with the Minister of Economy and Finance published the Decree December 28, 2020 which implements the incentives provided for by Article 38, paragraphs 7, 8 and 9 of Legislative Decree No. 34 of May 19, 2020 (the "Relaunch Decree") for those who invest in eligible startups and innovative SMEs.
The measures of the Relaunch Decree integrate the facilitation regulations provided for investments in eligible startups and innovative SMEs, introducing a new Article 29-bis to the Growth Decree 2.0, which includes a new facilitated tax regime in compliance with the de minimis regime.
In particular, they provide for a deduction from personal income tax for an amount equal to 50% of the sum invested by the taxpayer (natural person or partnership) in the capital of eligible startups or innovative SMEs:
The provisions in question apply, pursuant to Article 9 of the Decree, in relation to investments made after January 1, 2020 and starting from the tax period following the one in progress at December 31, 2019.