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Innovative startups: changes to tax incentives for equity investment are now fully applicable

Rome, October 2, 2017 - Changes to tax incentives to strengthen and render them permanently applicable to individuals and companies investing in innovative startups, as envisaged in the Budget for 2017, have been fully implemented and have been authorised by the European Commission (SA 47184) that published its decision on September 18, 2017.

Both legal and natural persons who decide to invest in innovative start-ups can benefit from the above incentives designed to support the establishment and development of innovative high-tech start-ups.

Natural persons are given a 30% deduction from their gross income (IRPEF) equal to 30% of the amount invested in the share capital of an innovative start-up, up to a maximum investment amount of EUR 30,000 per year.

Legal person may benefit from a deduction from their corporate taxable income (IRES) equal to 30% of the amount invested, with a maximum ceiling equal to EUR 1.8 million per year.

Investors may benefit from incentives in case of both direct and indirect investment through the Undertakings for Collective Investment and other companies that mainly invest in these businesses.

These incentives are granted on a permanent basis as the Budget Law for 2017 converted these temporary incentives into permanent ones.

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