Editing San Marino (section)

==== Tax incentives ====
To encourage investment, San Marino offers several tax incentives:

* Dividends received by non-resident companies are 95% exempt from taxation, provided the participation has been held continuously for at least twelve months.
* Investments in capital goods or real estate can lead to a reduction in taxable income by up to 90%.<ref name=":14" />


Because San Marino's tax rate is lower than surrounding [[Taxation in Italy|Italy]]'s, many businesses choose to be based in San Marino to avoid the higher rates. San Marino boasts a corporate rate 14.5% lower than Italy (23%) and 12.5% lower than the EU average (21.3%). This has made San Marino the [[tax haven]] of choice for many wealthy Italians and businesses.<ref>{{cite news|title=San Marino plans to ask for IMF bailout to bolster banks|url=https://www.theguardian.com/business/2018/oct/03/san-marino-plans-ask-imf-bailout-banks|website=The Guardian|date=3 October 2018|access-date=15 May 2024|last1=Giuffrida|first1=Angela }}</ref><ref>{{Cite web |title=Italy corporate tax rate |url=https://d3fy651gv2fhd3.cloudfront.net/charts/italy-corporate-tax-rate@2x.png?s=itacorptax&v=201804031046a1&d1=20000428&d2=20190428&mean=1&url2=/european-union/corporate-tax-rate}}</ref>