Economy

Year-end Investments and Capital Goods Tax Credit

December 31 is proving to be more important this year for investments in new capital goods Eligible for the tax credit referred to inArticle 1, paragraphs 1051-1063, Law 178/2020.

Recent regulatory interventions aim to modify the time frame and intensity of the support involved, In fact, they make it necessary to carefully plan investments at the end of the year in order to allow companies to implement the most beneficial system.

The latest in tax credit investments It can be summarized as follows:

  • L ‘Article 1, paragraph 44, Law 234/2021 (CD Budget Law 2022) she has Extended for a period of three years 2023-2025 (until 30.06.2026 in case of reservation)And the With reconfiguration downAnd the Tax credits for investments in tangible and intangible assets 4.0, decree The incentive period as at 31.12.2022 (30.06.2023 with reservation) for tangible and intangible ordinary assets.;
  • L ‘Article 10 DL 4/2022 (CD Sostegni-ter . decree) she has Introduced a fourth batch of investments in physical goods 4.0, with environmental transformation goals, eligible in 2023/2025more than 10 and up to 50 million euros the total ceiling to which the 5% rate will apply;
  • L ‘Article 3-quater DL 228/2021 (the so-called Milleproroghe Decree 2022), introduced at the time of the transformation into law, Extended to 31.12.2022 Deadline for making investments in Ordinary and Physical Assets 4.0, booked by 31.12.2021;
  • L ‘Article 21 DL 50/2022 (so-called assistance decree) Increased tax credit from 20% to 50% for investments in intangible assets 4.0 from 01.01.2022 to 31.12.2022 (or 30.06.2023 by reservation).

In case Investments in tangible and intangible ordinary assets as at 31.12.2022 Represents a deadline that:

  • full investment referred to inArticle 1, Paragraph 1054, Law 178/2020 Booked before 31.12.2021with apprate 10% (increased to 15% in the case of assets earmarked for flexible working methods) within an investment ceiling of €2 million (tangible assets) and €1 million (intangible assets);
  • Make or book investments referred to inArticle 1, Paragraph 1055, Law 178/2020with apprate of 6% Within an investment ceiling of €2 million (tangible assets) and €1 million (intangible assets), Provided, if booked, to be completed by 30.06.2023.
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Thus, making an investment or booking by December 31 will allow this Benefit from tax exemption that has not been extended until 2023 and beyond.

to me Investments in tangible assets 4.0Listed in Appendix A attached to Law No. 232/2016 (the so-called Budget Law 2017), dated 31.12.2022 represents Limit Including:

  • full investment referred to inArticle 1, Paragraph 1056, Law 178/2020 Booked before 31.12.2021with the app From the rate of 50% within 2.5 million euros of the total investment, 30% above 2.5 and up to 10 million euros, 10% over 10 million and up to 20 million euros;
  • Make or book investments referred to inArticle 1, Paragraph 1057, Law 178/2020with the app rate 40% Within 2.5 million euros of the total investment, 20% more than 2.5 and up to 10 million euros, 10% over 10 million and up to 20 million euros, provided, in case of reservation, that they be completed by 30.06.2023.

Thus, making an investment or booking by December 31 will allow this Benefit from tax exemption at higher reward rates than those for the three-year period 2023/2025which so far Half to me 1057 bisAnd the by 20% within €2.5 million of total investments, 10% over €2.5 and up to €10 million, 5% over €10 and up to €20 million and 5% for investments over €10 million and up to €50 million,Included in the NRP, which aims to achieve the goals of environmental transformation Determined by decree of the Minister of Economic Development, in consultation with the Minister of Environmental Transformation and the Minister of Economy and Finance“.

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Finally also for Investments in intangible assets 4.0included inappendix B Appendix to Law No. 232/2016, dated December 31, acquires strategic importance for Benefit from a 50% rate increase By order of the assistance decree.

In case Investments in intangible assets 4.0 In fact, 31.12.2022 represents the deadline by which:

  • Make or book investments referred to inArticle 1, Paragraph 1058, Law 178/2020with an application rate of 50% within 1 million euros of the total investment, Provided, if booked, to be completed by 30.06.2023.

Failure to comply with the deadlines set for Intangible Assets 4.0 will result in the application of the rates referred to in 1058bis, 1058bis and 1058ter respectively, which are less favorable to the taxpayer, equivalent to 20% in 2023, 15% in 2024, and 10% in 2025 (If booking before 30.06.2026).

It seems appropriate to remember The two conditions, both are bindinginvestment to be considered Valid for reservations on December 31:

  • acceptance of the order by the supplier or signing of the lease agreement;
  • Down payment of at least 20% The cost of obtaining the original o Maximum rent payment equivalent to at least 20% The cost incurred by the donor in leasing.
original type Comprehensive Investments credit tax
Investments from 16.11.2020 to 31.12.2021 or 31.12.2022 (booking)
Good normal material up to 2 million euros 10%
Good normal material smart work up to 2 million euros 15th%
ordinary intangible assets up to 1 million euros 10%
ordinary intangible assets smart work up to 1 million euros 15th%
good material 4.0 up to 2.5 million euros 50%
More than 2.5 million euros
up to 10 million euros
30%
More than 10 million euros
up to 20 million euros
10%
Investments from 01.01.2022 to 31.12.2022 or 30.06.2023 (booking)
Good normal material up to 2 million euros 6%
ordinary intangible assets up to 1 million euros 6%
good material 4.0 up to 2.5 million euros 40%
More than 2.5 million euros
up to 10 million euros
20%
More than 10 million euros
up to 20 million euros
10%
Intangible assets 4.0 up to 1 million euros 50%
Investments from 01.01.2023 to 31.12.2025 or 30.06.2026 (booking)
AdE Circular No. 14 / E / 2022: The ceiling is considered on an annual basis
good material 4.0
up to 2.5 million euros 20%
More than 2.5 million euros
up to 10 million euros
10%
More than 10 million euros
up to 20 million euros
5%
Good material 4.0 with environmental transmission goal More than 10 million euros
up to 50 million euros
5%
Intangible assets 4.0 up to 1 million euros 20%
Investments from 01.01.2024 to 31.12.2024 or 30.06.2025 (booking)
Intangible assets 4.0 up to 1 million euros 15th%
Investments from 01.01.2025 to 31.12.2025 or 30.06.2026 (booking)
Intangible assets 4.0 up to 1 million euros

10%

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