Confindustria emphasised that simplification remains the key ingredient for ensuring certainty and consistency in the tax system, while observing that the decree, in its current formulation, does not seem to pay sufficient attention to the needs of businesses and should therefore be strengthened.

Evidently absent are some necessary corrections to the mechanism for calculating the contribution on extra-profits in the energy sector, as well as interventions to clarify the VAT classification of derivatives.

Potentially useful is the introduction of a certification procedure for investments in research, development, technological innovation, design and other innovative activities, which could provide certainty for companies in their access to facilitation measures, especially if it is strengthened and extended.

At the same time, the need to review the administrative penalty regime for undue compensation of tax credits was emphasised.