(Finance) – Decembera company listed on Euronext STAR Milan and among the main European manufacturers of electrical connectors and tools for their installation, has signed the renewal of the agreement with the Revenue Agency which defines methods and criteria for calculating the economic contribution to the production of business income from intangible assets for the purposes of the so-called “Patent Box“, with reference to the tax years 2020-2024.
The agreement allows Cembre to achieve a tax benefit for 2020 of approximately 1.1 million euros; the tax benefit for the years 2021, 2022 and 2023 is being determined and will be communicated as soon as available. The quantification of the benefit relating to 2024 can be made when preparing the 2024 financial statements.