The Law Decree n. 3 of January 24, 2015, called the "Investment Compact" or "Urgent measures for a banking system and investments" was converted into law on March 25, 2015 with law n. 33 passed on March 24, 2015.
The Patent Box is an optional system of preferential taxation on incomes deriving from direct or indirect exploitation of certain tangible assets (including patents, trademarks, as well as copyright and licensing of such assets) that can be gained by companies and business entities, even those that are non-residents of Italy.
Operators can apply for this special regime if they invest in research and development in the Italian territories. According to the law, the Patent Box can be applied for a period of five years and is eligible for renewal after the expiration date.
The amendment will undoubtedly increase the interest for the incentive given by the Patent Box, but the effective operability of the law will require the implementation of regulations such as a Law Decree by the Ministry of Economic Development.