Tax incentives for investments in innovative SMEs: implementing rules
Implementing decree, 7 May 2019:
Tax incentives for equity investments extended to innovative SMEs with some differences compared to innovative startups.
Unlike startups, the incentive is subject to constraints related to the age of the innovative SME, with particular reference to the date of its first commercial sale:
- Fewer than 7 years: Allowed in all circumstances
- Between 7 and 10 years: Only if the innovative SME did not generate enough incomes yet (expert evaluation)
- No age limits: Only if the company will make new investments (e.g. develop a new product) for over 50% of the turnover of the past 3 years.