Innovations for Start-Ups and Innovative SMEs

Law No. 162/2024 introduces significant updates for innovative Start-Ups and SMEs.
Article 2 of the law focuses on tax incentives for investments, particularly regarding the IRPEF deduction under the “de minimis” regime. Starting with the 2024 tax period, investors can convert non-deductible amounts into tax credits, usable in declarations or offset through F24, even in cases of insufficient tax liability.

Another major update modifies Article 14 of Legislative Decree No. 73/2021 (Sostegni-bis), which exempts capital gains on the sale of shares in innovative companies from taxation. The new rules narrow the exemption scope, excluding de minimis regime investments and limiting it to investments benefitting from a 30% deduction or allowance.
Additionally, capital gains from the sale of shares in innovative SMEs will be tax-exempt only if earned by individuals, with shares held for at least three years and meeting specific conditions, including those under Article 21, paragraph 3, of EU Regulation 651/2014.

For further details, feel free to contact our Studio.