Published in the Official Gazette on November 7, 2024, Law No. 162 of October 28, 2024, introduces new provisions to promote and develop innovative start-ups and SMEs through tax incentives and investment benefits.

The recently published Legislative Decree 136/2024 introduces key modifications to Italy’s Business Crisis Code, expanding the role of the independent professional and integrating new options for tax settlements within negotiated crisis solutions.

By October 31, 2024, businesses can prepare documentation for the Patent Box regime. This prevents penalties in case of a tax audit, even if the Patent Box benefit is denied.

The Ministry of Enterprises and Made in Italy (Mimit) has published technical clarifications on the application procedures for Transition 5.0. With two decrees dated July 24 and August 6, 2024, Mimit has defined the criteria for accessing tax incentives introduced by Decree Law 19/2024 to promote the digital and energy transformation of Italian companies.

Legislative Decree 125/2024, published in the Official Gazette on September 10, 2024, implements the EU Directive 2022/2464 (CSRD) and introduces the obligation to prepare sustainability reporting in the Management Report starting from January 1, 2024, for large companies and groups.

With the Mimit Director’s Decree of July 4, 2024, the “Guidelines for the qualification of research and development, innovation, design, and aesthetic ideation activities,” referred to in Article 23, paragraph 5, D.L. 73/2022 and Article 3, paragraph 5, D.P.C.M. of September 15, 2023, were approved.

With Law 104/2024 (published in the Official Gazette No. 168 on July 19, 2024, and effective from August 3, 2024), significant changes have been made to both Legislative Decree 117/2017 (Third Sector Code) and Legislative Decree 112/2017, which regulates the social enterprise, a commercial Third Sector entity by definition.

On June 10, 2024, the Council of Ministers approved the Legislative Decree implementing the EU CSRD Directive in Italy. The Decree integrates corporate sustainability reporting rules on environmental, social, and governance (ESG) aspects to enhance transparency by including sustainability information in the management report pursuant to Article 2428, second paragraph, of the Civil Code.

Decree Law 39/2024 introduced the obligation to submit a communication (both prior and upon completion) of investments made in 4.0 assets and R&D activities as a condition for benefiting from the compensation of the aforementioned tax credits.

Cauli, Marmocchi, Orsini & Associates Studio in Bologna, with a team led by Dr. Claudio Orsini as financial advisor and Dr. Luisa Pasquali as tax advisor, along with Bontempi Law Firm in Faenza as legal advisor, assisted Puntoart Srl in the company valuation and provided financial, tax, and legal advisory services for the transfer of the company's capital.

Article 38 of Legislative Decree 19/2024 (known as the PNRR Decree), published in the Official Gazette No. 52 on March 2, 2024, outlines a new, complex, and enhanced tax credit for investments made in 2024 and 2025. These investments are part of innovation projects aimed at reducing energy consumption, in line with Investment 15 of Mission 7 "REPowerEU," to which €6.3 billion has been allocated.

The National Council of Accountants has translated the document "Small Business Sustainability Checklist," created by the IFAC (International Federation of Accountants), of which the National Council is a member. The document aims to help small businesses maximize the benefits of incorporating sustainability into their corporate strategy.