Law Decree No. 66/2014 was published in Italy's official gazette no. 95 on April 24th, 2014. The law has been approved and is pending confirmation by the Italian Parliament. Under Italian law, the new law is currently deemed effective, but must be confirmed by Parliament within 60 days to remain so. Key aspects of the law include:
Individual Income Tax Credit
In addition to the earned income tax credit, an additional credit of €640 will be granted for individuals with taxable income of €24…