The Budget Law 2021 (Law No. 178 of 30.12.2020) has undergone some extensions and amendments by subsequent finance laws, in order to continue to incentivise investments in capital goods and to foster the technological transition of companies.
The facilitation consists of a tax credit related to the amount of the investments made, which can be used to offset other taxes and contributions in the F24 form.
Documentary Obligations: In order to avail of the Tax Credit, it is necessary to keep, under penalty of revocation of the benefit, the appropriate documentation proving the actual incurrence and correct determination of the eligible costs. Invoices and other documents must necessarily contain an express reference to the provision of the legislation in question. For Industry 4.0 assets only, a technical expert's report is also required (or a declaration by the Legal Representative for assets costing no more than Euro 300,000.00).
Beneficiaries: All enterprises resident in Italy, regardless of their legal form, production sector or size, can access the credit, including permanent establishments of non-residents. Enterprises in a state of voluntary liquidation, bankruptcy, compulsory liquidation and composition with creditors without business continuity are excluded.
Assets subject to the benefit: The eligible investments concern: Ordinary tangible and intangible assets; Tangible assets 4.0 under Annex A of L.232/2016; Intangible assets 4.0 under Annex B of L.232/2016.
Period of application: For investments in Ordinary Assets the facilitation is granted until 31.12.2022, while for investments in Capital Goods 4.0 the deadline is extended to 31.12.2025.
Modalities of use: The Tax Credit can only be used by offsetting in the F24 form, in 3 equal annual instalments or in a single annual instalment. For its use, specific tax codes have been established, distinguished according to the type of investment: 6935 for investments in Ordinary Capital Goods; 6936 for investments in Capital Goods 4.0 (Annex A); 6937 for investments in Capital Goods 4.0 (Annex B).
From 18.05.2024 for investments in Capital Goods 4.0 only, it is necessary to send a communication on the GSE website in order to use the Tax Credit.
Below is an outline of the facilitation.
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ORDINARY CAPITAL GOODS |
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Period from 16/11/2020 to 31/12/2021 |
Ordinary tangible goods 10% of the cost (MAX € 2 million) |
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Ordinary Intangible Assets 10% of the cost (MAX 1 million €) |
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Period from 01/01/2022 to 31/12/2022 |
Ordinary tangible goods 6% of the cost (MAX € 2 million) |
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Ordinary Intangible Assets 6% of the cost (MAX 1 million €) |
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CAPITAL GOODS 4.0 |
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Material Goods Annex A |
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Period from 16/11/2020 to 31/12/2021 |
50% of the cost (MAX € 2.5 million) |
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30% of the cost (Between € 2.5 and 10 million) |
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10% of the cost (between € 10 and 20 million) |
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to 31/12/2022
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40% of the cost (MAX € 2.5 million) |
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20% of the cost (Between € 2.5 and 10 million) |
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10% of the cost (between € 10 and 20 million) |
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Period from 01/01/2023 to 31/12/2025
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20% of the cost (MAX € 2.5 million) |
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10% of the cost (Between € 2.5 and 10 million) |
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5% of the cost (between € 10 and 20 million) |
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5% of cost (Between EUR 10 and 50 million included in the NRP) |
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Material Goods Annex B |
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Period from 16/11/2020 to 31/12/2021 |
20% of the cost (MAX 1 million €) |
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Period from 01/01/2022 to 31/12/2022 |
50% of the cost (MAX 1 million €) |
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Period from 01/01/2023 |
20% of the cost (MAX 1 million €) |
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Period from 01/01/2024 |
15% of the cost (MAX 1 million €) |
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Period from 01/01/2025 |
10% of the cost (MAX 1 million €) |
While remaining at your disposal for any doubts or requests for clarification, we would like to take this opportunity to extend our best regards to all.