The Legislative Decree no. 209/2023 has introduced a preferential tax regime aimed at promoting the transfer and carrying out of economic activites within the territory of the State.
Such preferential tax regime applies to:
- Business and self-employment income, resulting from the exercise of economic activities carried out in a non-EU country and subsequently transferred to Italy.
The income arising from business activities carried out in Italy will be taxed to the extent of 50% their amount: -
-
- for the purposes of income taxes (IRES and IRPEF); and
- for the purposes of production value (IRAP).
-
- For six tax periods: namely, the tax period in progress at the time of the transfer of the economic activity to Italy and for the subsequent five periods.
Currently, the mentioned facilitation is suspended, pending authorization from the European Commission under the state aid regulations; however, for those intending to avail themselves of it, it’s advisable to plan and organize the transfer of their business activity to Italy well in advance.
Our Services
The National and International Tax Department of Bacciardi Partners is available to provide a more detailed explanation of the Reshoring tax introduced by the International Taxation Reform, as well as to jointly assess the opportunity to take advantage of it.
Therefore, we invite you to contact us directly at +39 0721 371139 or via email at segreteria@bacciardistudiolegale.it for further information or clarifications regarding on this matter.