Italy Gazettes Decree-Law Providing Various Urgent Tax Measures

The Italian Official Gazette March 27 published Decree-Law No. 38, providing various urgent tax measures. The decree-law includes measures: 1) modifying the new exchange transaction VAT regime to apply to contracts executed or renewed as of Jan. 1; 2) updating the repatriated worker tax regime to apply to individuals transferring their tax residence to Italy starting from the 2027 tax period; 3) eliminating the restriction that limited increased depreciation to goods produced in EU or European Economic Area (EEA) countries; 4) granting a corporate tax credit of 35 percent of the credit requested for investments, capped at 537 million euros ...