The Italian Revenue Agency has published Ruling No. 76 of 14 March 2019 concerning the deduction of costs in relation to the patent box regime where research and development is performed by a company's members (partners). The ruling is for a stand-alone software development company that derives qualifying income from the licensing of software that is developed completely in-house.
Due to the nature of the software, continuous and constant development is required, which is carried out mainl…