On 24 January 2015, Italy published a law decree expanding the scope of the new patent box regime that was introduced as part of the Stability Law of 2015. The regime provides exemption from corporate income tax and IRAP equal to 30% for 2015, 40% for 2016 and 50% from 2017 for income derived from qualifying intangible assets, including patents and know-how as long as the assets are capable of legal protection. The regime is based on the nexus approach, with the income eligible for exemption …