The “Agenzia delle Entrate” (the Italian income revenue authority) has set the terms for the communications to obtain the tax credit in favor of textile, fashion, footwear and leather goods industries (as per the attached resolution – Annex 1).
The tax credit is equal to 30% of the value of the final inventories, exceeding the average of the same value recorded in the three tax periods preceding the one in which the indemnity is due, limited to the period in progress at the entry into force of the Prime Ministerial Decree of 9 March 2020 and the period in progress as of 31 December 2021.
For your convenience, we also attach the list of the “Ateco” codes valid for requesting the Fashion Bonus to verify the eligibility of each company, subject to the authorization from the European Commission (as per attached list – Annex 2).