America's Cup, zero taxes for teams, companies and foreign workers involved
The special tax regime arrives for those who participate and work for the America's Cup in Naples. The amendment to the tax decree has been approved that resets IRES and IRAP to zero for companies or permanent establishments based in Italy set up by the organising body and cuts taxes for workers who enter Italy or transfer residence for two years
by Lorenzo Pace
A special tax regime tailored for all non-Italian resident workers involved in the organisation of the America's Cup. Not only. For companies or permanent establishments based in Italia set up by the organising body, no Ires and no Irap.
This is provided for in the amendment to the tax decree approved in the Senate Finance Committee. Voting on the other amendments is still ongoing, and the dossier is expected to be debated in the plenary chamber of Palazzo Madama on Thursday 14 May.
The super discount for businesses
The approved text provides that legal entities with their registered office in Italia, established in 2026 by the organising body or the participating teams, 'are exempt from corporate income tax (Ires, ed.) and regional tax on production activities (Irap, ed.) for activities carried out in accordance with their institutional purposes in the period between 1 January 2026 and 31 December 2027'.
These activities, is the condition written in black and white in the amendment signed by Fausto Orsomarso (FdI), must be 'directly and exclusively related to participation in the event'. This also applies to 'permanent establishments set up in Italia in 2026 on the occasion of the event by the organising body or the participating teams'.
Facilities for foreign employees
Not only that. Due to the 'extraordinary importance' of the world's leading sailing trophy, which will be held in Italia for the first time, the tax benefits will also be extended to the non-Italian residents involved.
