September 24, 2004 – Republic of San Marino, Law of July
20, 2004, no.102 “Facilitating fiscal provisions aimed at
introducing optional regimes for activities relating to intangibles,
stake holdings and groups of companies”.
The Republic of San Marino has implemented the above law
which provides, amongst others in Section 1 – Optional Fiscal
regime relating to intangibles – incentives for companies
located in the Republic whose exclusive business purpose is the
management and ownership of property rights, their use and any
other right relating to works of art, patents, trademarks, designs,
models etc.
In brief, the law provides for the possibility of re-evaluating
trademarks, patents, models etc for fiscal purposes to reflect
“the current economic value attributable to them”.
The reevaluation enables companies to obtain fiscal benefits which
derive from the resulting increased depreciation figures since
95% of the surplus upon re-evaluation is exempt from taxation.
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