On 23 January 2007, the Senate approved a Bill on "investment incentives", which is consequently ready to be sanctioned by the President.
(a) The Bill modifies the tax credit for acquisition or construction of tangible fixed assets which may be set-off against the First Category Tax to be paid in the same tax period in which the acquisition takes place or the construction is completed (Art. 33 bis of the Income Tax Law). The Bill increases (i) the amount that ma…