Italian law “Decreto rilancio” provides a tax credit in favor of companies operating in the fashion, textile and accessories system in the amount of 30% to be applied on the surplus of the final inventories of 2020 if compared to the average of the three-year period previous one. The initiative is aimed at containing the negative effects of the Covid emergency. The tax credit is recognized within a spending limit of 45 million euros and until funds are exhausted, in compliance with EU regulations.

***

Click here to visit Michele Franzese’s world. New SS20 arrivals: register, subscribe to newsletter and get discount coupon up to 30% and 50%