Italy Gazettes 2020 Budget Law

The Italian Official Gazette Dec. 30 published the 2020 budget law. The law includes measures: 1) combating tax evasion; 2) introducing a 3 percent digital service tax on large companies; 3) extending deductions and credits for eco-friendly energy-efficient building renovations to Dec. 31, 2020; 4) clarifying the income tax credit for investments in new tangible and intangible assets and R&D expenses; 5) defining innovative activities for tax credit eligibility; 6) clarifying credit thresholds for income generated abroad; 7) specifying excise tax rates for energy products used for renewable electricity generation; 8) reducing the exemption for paper meal vouchers to 4 ...