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gtufano | 4 years ago

It's mostly the same also in Italy. A company is considered "under systematic losses" (translating directly from Italian) after 5 years of losses. It's not closed, but it's considered, basically, a vector for something that's "not business", so it gets a minimum of taxes to pay, loses some fiscal advantages, and pays more additional taxes. Startups (as in "formally registered to the startup register") are not subject to this rule, but they have other limitations (and benefits)

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