Confindustria has filed a memorandum with the Senate Finance Committee that deals with three decree-laws: the Fuel Decree Law, the Tax Decree Law and the Excise Decree Law, which affect multiple aspects of business taxation and the system of investment incentives, as well as the cost of fuel, in an economic context marked by geopolitical tensions and an exceptional increase in energy prices.

The Fiscal Decree and the Excise Decree must be considered as a unified corpus: the former introduces structural changes to corporate taxation; the latter intervenes on the energy emergency and corrects in a significantly more favourable sense the discipline of the Transition 5.0 tax credit, which in the Fiscal Decree had raised the most acute perplexities of the business system. The document highlights the improvements introduced, but also points out application criticalities and profiles of regulatory uncertainty. It reiterates the need to ensure stability and certainty in the regulatory framework, which are central elements for sustaining competitiveness and attracting investment.

The memorandum also dwells on tax measures, including hyper-amortisation, the PEX regime and VAT regulation in permutative transactions. Finally, measures on excise duties are assessed and proposals are made to mitigate the impact of rising energy prices and to strengthen the liquidity and internationalisation of companies.