On 6 February 2023, Assonime issued its Circular No. 4/2023 on the provision included in Law No. 197 of 29 December 2022 (Budget Law 2023) concerning the extension of the tax credit for consultancy costs related to the listing of SMEs on the regulated markets or the multilateral trading facilities of a member State of the European Union, originally contained in Law No. 205 of 27 December 2017 (Budget Law 2018). Assonime clarified that the tax credit applies to 50% of the consultancy costs and up to a maximum amount of Euro 500,000.00. Assonime considers that the tax credit also applies to the listing of bonds issued by SMEs on ExtraMOT PRO, to consortium joint-stock companies (SpAC) and to the step-up from a multilateral trading facility (MTF) to the regulated market, pointing out, however, that clarification on this point would be appropriate.
Originally published by March, 2023
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