The Italian Government provides R&D tax credits for eligible expenses, tax credits for qualified staff and university scholarships. Tax law also offers\u00a0deductions from the Italian Regional Tax (IRAP) taxable basis for employees that are hired for the association\u00a0in R&D activities. In addition, tax laws have outlined\u00a0different intervals for regimes. For instance, \u00a0certain incentives are granted regularly without a specific time frame, whereas others must be claimed and obtained within specific dates.<\/p>\n[\/vc_column_text][\/vc_column][vc_column width=”1\/3″][vc_single_image image=”7774″ img_size=”300×300″][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]\n
Companies or taxpayers who are investing in R&D activities may claim a tax credit to offset tax liabilities. The R&D tax credit is available up to 50% of the annual increase of R&D expenses. The annual maximum a company can receive in credit for each beneficiary is set\u00a0at\u00a0\u20ac2.5 million. In addition, Taxpayers must have a yearly turnover under\u00a0\u20ac500 million to be able to\u00a0claim. The Italian Government allocates a budget of\u00a0\u20ac600 million as the highest\u00a0amount available to all companies claiming during a three year period in which the credit is available. The current period ranges from FY2014 to FY2016. Underutilised credit may be carried forward, however, carryback is also permitted.<\/p>\n
Eligibility is reliant\u00a0\u00a0on a minimum annual investment of \u20ac50,000, where the credit will not be available for smaller investments. Current and future investments that qualify to receive the credit, \u00a0must file an application to either the Finance Ministry of the Ministry for Economic Development to claim.<\/p>\n
A patent box regime is available to Italian resident companies carrying out R&D activities, directly or through outsourcing to universities or research institutes. The regime exempts a portion of income derived from the exploitation either directly or through licensing “qualifying intangible assets” or intellectual property.<\/p>\n
Swanson Reed offers the following services:<\/p>\n
For a full range of services in relation to the credit, please click here<\/a>.<\/p>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][mk_blog style=”grid” count=”4″ cat=”240″][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]