Executive summary

On 21 May 2021, Law Decree n. 41 of 22 March 2021 (Sostegni Decree) was converted into ordinary law (Law n. 69/2021) and published in the Official Gazette. Among other economic stimulus measures, Law n. 69/2021 introduces the possibility to elect for a specific regime of accounting step-up in the financials ending 31 December 2021 rather than in those ending 31 December 2020, as p…