19 May 2020
From today, the tax deduction, for those who invest in an innovative startup or SME, will be 50%. This is what we read in the so-called "Decreto rilancio" signed today, 19 May 2020, which adds a further facilitated tax regime for individuals who invest in the share capital of one or more innovation players.
The tax deduction, which is precisely 50%, is provided for amounts invested by the taxpayer directly in the share capital or through collective investment undertakings.
The maximum deductible cannot exceed, in each tax period, the amount of 100 thousand euros and must be maintained for at least three years.
To be noted is that the deduction will be in this case dry, from taxes due, unlike traditional incentives that provide for a deduction from taxable income. This means a direct return of half of the investment.
The legislation on tax incentives for investments, made by individuals and legal entities, provided for tax deductions of up to 30%. It was possible to benefit up to 1 million euros of investment for individuals and up to 1.8 million for legal persons. A great step forward to stimulate the restart of the economy during phase 2 of the Covid-19 emergency.
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