Choosing Automha to innovate your company is easier than ever today, thanks to the advantages made available by the government. The Minister of Economic Development, to support micro, small and medium-sized businesses in the purchase or leasing of machines, equipment, plants, production and hardware instrumental assets, as well as software and digital technologies, has put in place an “Industry 4.0” national plan that allows them to take advantage of tax credit by increasing the fiscal benefits for businesses.
Industry 4.0 in 2022 The benefits provided by this measure, stated as “instrumental assets” were confirmed for 2022 by the Finanziaria 2021, entering effect from 1/1/2021, enabling compliant companies to reduce tax expenditures by directly offsetting the tax benefit in F24. Who benefits All the resident companies in the Italian territory, including the stable organizations of non-resident subjects, independent of legal status, economic sector, size and system for determining corporate income, can have access to this measure.
Benefits Regarding the tangible benefits of the “Industry 4.0” project, the tax credit is equal to: – 40% for investments of up to 2.5 million euros – 20% for an investment between 2.5 and 10 million euros – 10% for investments between 10 and 20 million euros (defined by Appendix A of law 232/2016) Deadlines The benefits inaugurated on the first of January, 2020, expire December 31st, 2022, extendable to June, 30th, 2023 in cases in which the order I smade and accepted by the seller before December 31st, 2022 and that the purchaser paid at least 20% of the product cost. The law of Bilancio 2022 (clause 44 of Article 1, law 234/2021) provides for an extension of the measure that begins in 2023 with a deadline in 2025. While the requirements and ways of use remain unchanged, the criteria is different: – 20% for investments up to 2.5 million euros – 10% for investments between 2.5 and 10 million euros – 5% for investments between 10 and 20 million euros Assets included in the measure As confirmed by the main bookkeeper n.16 of the OIC (Italian Accounting Authority), the benefits must be new and refer to the immobilization materials for “plants and machines”, “industrial and commercial equipment”, “software and digital technologies” or “other assets”, or in other words, expenses that can be classified as assets on the balance sheet under items B.II.2, B.II.3 and B.II.4 according to article 2424 of the Civil Code to be included in the concessions. Requirements to respect The investments in question must comply with the following requirements: – Functional autonomy of assets, as the financing of components or machine parts that do not satisfy this requirement is not allowed – Correlation of the assets subject to the benefit to the production activity executed by the company For more information, visit the official website of the Minister of Economic Development.