The Italian tax authority published a circular with guidelines and procedures for implementing the “patent box” regime.
The patent box regime in Italy allows a percentage—for calendar year taxpayers, 30% in 2015, 40% in 2016, and 50% in 2017 and later—of qualifying income attributable to the use of certain eligible intangible assets or intellectual property is excluded from the corporate income tax and regional tax base.
The circular (no. 11/E (7 April 2016)) sets forth information about:
Read a May 2016 report [PDF 539 KB] prepared by the KPMG member firm in Italy: Italian revenue agency comments on the patent box regime
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