Clifford Chance
Italy: tax measures included in the economic growth and competitiveness package
30 January 2012
On 24 January 2012 the Italian Government issued Decree Law 1/2012 containing a set of urgent measures to address the economic growth and the competitiveness of Italian enterprises. The new measures include a ll number of significant tax measures, such as amendments to the VAT regime of leases and sales of certain residential properties, new limitation to deduction of interest expenses for certain public entities and further amendments to the taxation of financial investments.
Decree Law 1/2012 must be converted by the Parliament into law, with eventual amendments, within 60 days; if not converted, it would cease to produce any further effect.
This briefing summarizes the most significant tax measures introduced under Decree Law 1/2012.
