The EU Commission authorizes the Italian International Registry measures until 2023.

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On the last 11 June 2020, the EU Commission extended the Italian International Registry measures to 2023 on condition that Italy enacts some amendments to the provisions of the Italian Register regulation. In particular, Italy undertook to ensure a reduction of the shipping companies’ Corporate Income tax to certain revenues, such as the ones deriving from transport activities and other ancillary revenues. Finally, shipping companies that want to benefit from the International Register regime must fly the flag of a European Union State or the European Economic Area.

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