Patent Box 2024: October 31 Deadline for Penalty Protection Documentation

The deadline for businesses to take advantage of the Patent Box regime under Article 6 of Decree-Law 146/2021 is October 31, 2024. Companies can prepare the "penalty protection" documentation, which helps avoid penalties in case the Patent Box benefit is not recognized during a tax audit.

The Patent Box allows businesses to claim a 110% increase in expenses related to the development, protection, and use of intangible assets, such as copyrighted software, industrial patents, and legally protected designs. Proper documentation is essential for benefiting from the tax incentive without risk, as it offers protection against potential adjustments by the Revenue Agency.

For those seeking assistance with documentation preparation, the firm Cauli, Marmocchi, Orsini & Associati offers dedicated consulting services. Our expert, Dr. Claudio Orsini, is available to answer your questions and guide you through the process. Contact him at c.orsini@studiassociato.it to schedule a consultation.