CORPORATE | Period for SMEs to benefit from listing tax credit extended

Law Decree No. 215 of 30 December 2023 (so-called Decreto Milleproroghe, converted with amendments by Law No. 18 of 23 February 2024) has amended Articles 1.89 to 1.92, of Law No. 205 of 27 December 2017, extending the period within which small and medium-sized enterprises admitted to listing may benefit from the tax credit provided for therein. In particular, the provision thus amended provides that small and medium-sized companies that engage in a procedure for admission to listing on a regulated market or multilateral trading systems of a member state of the European Union or the European Economic Area are granted a tax credit, up to a maximum of Euro 500,000.00, equal to 50% of the advisory costs incurred until 31 December 2024 for the purpose. The total amount of tax credit granted to all companies which will benefit from this measure is equal to Euro 10,000,000.00 for each of the years 2023 and 2024 and Euro 6,000,000.00 for 2025.

Newsletter n. 94 – March 2024