The Ministerial Decree of 29 April 2016, issued by the Ministry of Economy and Finance, was published in the Official Gazette No. 110 to enact implementing rules with respect to the tax ruling procedure for new investments recently introduced by Legislative Decree No. 147 of 14 September 2015.
Qualifying enterprises that intend to make investments of at least EUR 30 million in Italy that may have a significant, long-standing positive impact on the employment rates in relation to the specific business activity that is the target of the investments may activate the new tax ruling procedure in order to obtain an advance confirmation of the tax regime applicable to their entire investment plan. The Ministerial Decree contains specific provisions with respect to the definition of qualifying investments and qualifying enterprises, which include individuals carrying on business activities, companies and other public and private entities, whether resident or non-resident.
