The Italian government is currently working to finalize the draft budget for 2019. Tax measures reportedly being considered include amendments to the country's R&D tax credit regime. Currently, the regime provides for a credit equal to 50% of qualifying R&D expenditure that exceeds the average expenditure for the 2012, 2013 and 2014 tax years, with a credit cap of EUR 20 million per year. Planned amendments to the R&D credit regime include reducing the credit amount to 25% of expe…