Italy published Law No. 95 of 4 July 2024 in the Official Gazette on 4 July 2024, converting the Decree-Law No. 60 of 7 May 2024 into law, which addresses urgent provisions for the European Union’s cohesion policy.
One key provision of this law is the introduction of a tax credit for investments in Simplified Logistics Zones (ZLS).
SLZs are a strategy by Italy’s government to promote economic and logistics development in the country under EU directives. These zones aim to boost investment, industrial growth, and transportation efficiency.
As per Decree-Law No. 60 of 7 May 2024, the tax credit is up to 40% of the investments in eligible assets within these zones from 8 May to 15 November, 2024. Eligible assets include new machinery, installations, and equipment used in production facilities located in ZLS, and land and qualifying commercial real estate properties.
The establishment of SLZs was formalised by Prime Ministerial Decree No. 40 on 4 March 2024 and published in the Official Gazette. The decree took effect on 17 April, 2024.
