In previous issues of the Client Letter, we have reported in detail on the substantial subsidies granted by the Italian government for the renovation of real estate (Bonus/Superbonus 110%), which serve to promote the Italian construction industry and can also be claimed by real estate owners who do not live and pay taxes in Italy. Unfortunately, many subsidies have been misappropriated, so the Italian government has not abolished the subsidy, but has made it subject to stricter controls. Legislative Decree 157/2021 has introduced stricter controls by the tax authorities, which are based, among other things, on the Money Laundering Directive.