Budget for 2007 – corporate taxation: highlights

The draft of the Budget for 2007 was approved on 29 September 2006 by the Council of Ministers and presented to Parliament. The main topics on corporate taxation are summarized below.

Corporate taxation - IRES

(a) Tax credits. Companies located in particular depressed areas in the south of Italy will be entitled to a tax credit in relation to their investments made in the fiscal year from 2007 until the 31 December 2013, in new business assets (e.g. p…