Italy Publishes Law Decree on Urgent Measures for Economic Growth

Italy has published Law Decree No. 34 of 30 April 2019 in the Official Gazette, which includes urgent measures for economic growth. The main tax measures include:

• An extra depreciation allowance of 30% of the cost (i.e. 130% depreciable amount) for investments in tangible assets between 1 April 2019 and 31 December 2019, excluding vehicles and other specified means of transport, which is extended to 30 June 2020 if at least 20% of the price is paid by 31 December 2019, with the eligible inv…