A new tax credit for the promotion of managerial skills

Prepared by Vitalba Passarelli, Giovanni Marra and Concetta Trombetta

In order to support investments in human capital in strategic sectors for the economic and social development of the country and in order to promote the inclusion of young graduates in the production system, art. 1, par. 536 to 539, of Law no. 30 December 2020 n. 178 (so-called “Budget Law 2021”) introduced a new tax credit for donations, disbursed in the form of scholarships, made by companies in the fiscal years 2021 and 2022, in favor of training initiatives aimed at developing and acquiring managerial skills, promoted by public and private universities, by advanced training institutes and by public or private management training schools.

The Law of 23 July 2021 n. 106, published in the Official Gazette on July 24, 2021 and entered into force from the following day, in converting the so-called Sostegni Bis Decree (Law Decree no. 73 of 25 May 2021), added to the original text of the decree art. 60-bis, which made changes with respect to what was already established by par. 536 – 539, of art. 1 above.

The aim of the incentive at hand is to encourage the integration of young people and recent graduates into the world of work. Specifically, this new credit aims to increase investment in human resources in the sectors considered to be driving forces for the country’s economic development and it is recognized to all companies that invest in scholarships and training courses in 2021 or 2022 to improve and develop managerial skills.

The tax credit, which can only be used to offset tax payments, is granted to the following extent:

  • up to 100% for small and micro enterprises;
  • up to 90% for medium-sized enterprises;
  • up to 80% for large enterprises;

with a maximum eligible spending ceiling of 100 thousand euros.

To access the tax credit, it is necessary that:

  • training initiatives carried out through public and private universities guarantee at least 60 university training credits or 60 European credit transfer system or a volume of learning work equal to 1,500 hours;
  • in cases where the training courses are provided by advanced training institutes or by public or private management training schools other than those referred to in the previous period, these subjects must be in possession of ASFOR, EQUIS or AACSB accreditations and the courses must have a total duration of not less than 1,000 hours, of which at least 700 of classroom training, and in any case at least 30% of internships with reference to the overall duration envisaged for the training courses.

The subjects who are given the opportunity to deliver the courses must fall within the sub-category 85.43 “Post-graduate education; managerial training, post-graduate masters, executive masters”, specially created by Istat for this purpose.

With a subsequent decree of the Minister of University and Research, in agreement with the Minister of Economy and Finance, the provisions for the implementation of this tax credit will be established in compliance with the European legislation on state aid.

Let’s Talk

Vitalba Passarelli

PwC TLS Avvocati e Commercialisti


Giovanni Marra

PwC TLS Avvocati e Commercialisti