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Valagro, a global leader in the production and commercialization of biostimulants and other speciality nutrients, has signed a preliminary agreement with the regional Abruzzo department of the Italian Revenue Agency that will allow the company to benefit from the tax concessions of the Patent Box.
The Patent Box is an optional tax regime offering tax incentives for five years (2015-2019).
Introduced by the Italian government as part of the 2015 Stability Law, the Patent Box is an optional tax regime that allows a percentage of the income derived from the use of intellectual property, industrial patents, trademarks, designs and models to be exempt from taxation, in addition to processes, formulas and information relating to experience acquired in legally-protected industrial, commercial and scientific sectors.
The Patent Box is a tax incentive for those who invest in research and development and helps to increase investment in innovation. This signed agreement further demonstrates the recognition of the value of the Valagro brand.
The firm Bozza & Associati supported Valagro throughout the process that resulted in the company signing the Patent Box agreement.