The Secretary of State for Fiscal Affairs, Paul Nuncio, said today that the Government expects to double business investment over the next three years with the new tax code of the investment approved today by the Council of Ministers.
“The Government, in adopting this new tax code investment, aims to create conditions so that the number of enterprises and the value of the investment may double over the next three years. These are conditions that are created in this tax code investment by strengthening the system of tax incentives for investment, “said the official.
Paul Nuncio spoke at the press conference following the meeting of the Council of Ministers today.
This new code emerged after the reform of the IRC, “aims to intensify investment support, promoting sustainable growth, job creation and contribute to strengthening the capital structure of companies.”
The new code is, says the Government, adapted to the new European legislative framework for state aid for 2014-2020, while “reinforces Several tax benefits to investing in particular with respect to investments that provide the creation or maintenance of jobs and are located in less favored regions. ”
With regard to contractual benefits tax, “is the high ceiling of the tax credit for IRC, with increased bonuses are foreseen for investments in regions with a per capita purchasing power significantly lower the national average. ”
Also investments that maintain or create jobs “or contributing to technological innovation and environmental protection” deserve this increased credit limit.
Paul Nuncio commended the new tax code of the investment, stating that it aims to “strengthen the conditions for new investment” and “intensify support to productive investment companies.”
* This article was written under the new orthographic agreement applied by Lusa Agency
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