Introduces measures to promote investment in the southern regions
01 Jan 2024
On 30 December 2023, the Government of Italy enacted the 2024 Budget Law (Law No. 213 of 30 December 2023), which includes tax measures designed to stimulate investment. These include a new tax credit aimed at encouraging investments in capital goods that support production facilities in southern Italy. This tax credit applies to companies that acquire new capital goods for production facilities located within the Single Special Economic Zone (SEZ), encompassing regions such as Campania, Puglia, Basilicata, Calabria, Sicily, Sardinia, Molise, and the assisted areas of Abruzzo.
Eligible investments encompass a range of assets, including machinery, plants, equipment, land acquisitions, and property-related activities for both existing and newly established production facilities in the designated regions. Companies that benefit from this incentive are required to operate within the designated plant areas for a minimum of 5 years following the completion of the subsidized investment.
The Budget Law officially came into effect on January 1, 2024.
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Promotion and facilitation (Investment incentives, Special economic zones)
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