The Italian government will reportedly abolish the Growth Decree starting from January 2024. However, The act won’t have a retroactive effect.
This decree has allowed Italian clubs in the past few years to sign players from abroad while benefiting from tax reductions.
The act allows clubs to save 50% on the taxes placed on the players’ net salary, thus significantly reducing gross wages.
However, many wanted the Growth Decree scrapped, arguing that it reduced the appeal of local players in favor of foreigners.
In recent days, there has been some confusion on the matter. Some sources reported that the Italian government will abolish the decree with a retroactive effect tracing back to the 2023 summer signings.
Nevertheless, Il Sole 24 Ore journalist Marco Bellinazzo has shed some light on the situation.
Bellinazzo reported on his X account (via FcInterNews) that Italy will completely scrap the Growth Decree starting from January 2024.
However, this decision won’t impact the clubs’ summer signings which were conducted in compliance with the Growth Decree.
Italy Will Scrap The Growth Decree Starting From January 2024 But Without A Retroactive Effect
This bears positive news for Inter Milan who signed 12 new players over the summer, some of whom from abroad.
Therefore, the Nerazzurri took advantage of the Growth Decree to reduce the costs of signing the likes of Marcus Thuram, Benjamin Pavard and Yann Sommer.
The Italian giants will still be able to benefit from tax reductions on their summer signings. Nevertheless, the clubs won’t be able to count on similar advantages when signing players in the future.