Investment tax credit regime to be modernised as from 2024

On 13 July 2023, a draft law was presented to Parliament which introduces a major reform of the current investment tax credit framework, with effect as from tax year 2024. The draft law not only implements the investment tax credit modifications agreed upon in the tripartite agreement of 28 September 2022, but also completely reforms the current regime.

First, it increases the rates of the global investment tax credit. Further, it replaces the current additional investment tax credit by an additional tax credit for investments and operating expenses linked to the digital transformation or the ecological and energy transition and introduces a new system to certify the nature and reality of such investments and operating expenses.  

We provide an overview of the key aspects of the new framework to be introduced, which might evolve over the legislative process.