These benefits have been made possible by the tax relief available with Patent Box, a special tax regime introduced in Italy in 2015 with the so-called Legge di Stabilità, fostering companies’ investments in research and development activities.
The Patent Box regime consists in a reduced IRES and IRAP’s rate for revenues related to IP rights’ use. Anybody holding a corporate income can benefit of this special tax regime, regardless of the company’s legal status or size, as long as they carry out research and development activities aiming at the production of specific intangible assets.
To shape such a significant tax reduction, the legal advice provided by Mr Tiburzi was fundamental in the estimate of contribution to Findus IP assets’ revenues, further supported by our experts’ team in the identification of the applicant’s competitive advantages.
In today’s economy, companies’ success is grounded more and more on the ability to create valuable intangible assets such as patents, trademarks, designs or confidential information. It’s essential to know the market value of such assets in case of special transactions, transfers, provisions, merger deficits, funding or tax reduction applications, as shown by the achievement obtained for Compagnia Surgelati Italiana SpA (Findus).
Article published by: Norme e Tributi – Sole 24 ORE, Saturday July 21, 2018, Page 15
