Italy’s Ministry of Environment and Energy Security published Decree of April 2, 2024 in the official gazette on 21 May, 2024, outlining the implementation of a 36% tax credit for expenses related to purchasing recycled plastic products and recycled, biodegradable, compostable packaging materials, with a threshold of EUR 20,000 per year.
The tax credit is available to all companies established, registered, and conducting economic activities in Italy for fiscal years 2023 and 2024.
To qualify, companies must not be in liquidation or undergoing insolvency proceedings and must acquire eligible products.
Additionally, the decree also clarifies qualifying conditions for the credit and regulates eligible expenses, technical requirements, certifications, and the method of accessing the credit.
