As reported by the Ministry of Economic Development, the the budget law for 2017 made the tax incentives for investments permanent innovative startups, now authorized by the European Commission (SA 47184) which published the relative decision on 18 September.
The incentives, aimed at supporting the creation and development of innovative companies with high technological value, are intended for both individuals and legal entities who decide to invest in the capital of innovative startups: for individuals there is a deduction from the gross IRPEF equal to 30% of the amount invested in the share capital of innovative startups, up to a maximum investment of 1 million euros per year. Legal persons can benefit from a deduction from the taxable IRES equal to 30% of the investment, with a maximum annual investment cap of 1,8 million euros.
The incentives can be used both in the case of direct investments and in the case of indirect investments through collective investment undertakings (UCIs) and other companies that invest mainly in these companies.
