The plan, as announced by Patuanelli himself – the Minister of Economic Development – mobilises €7 billion and aims to act as a lever for investments dedicated to the digital transition and the technological evolution of Italian businesses.
Companies may therefore benefit from the new investment incentive for the items listed below, acquired between 1 January 2020 and 31 December 2020, with an extension to 30 June 2021, provided that orders accepted by the seller and paid for with deposits of at least 20% were placed by 31 December 2020.
Eligible investments
From an objective point of view, the incentive concerns investments in:
- Tangible assets new for business purposes;
- Intangible assets new instrumental for business operations, as identified in Annex B to Law 11.12.2016, no. 232, as supplemented by Article 1, paragraph 32, of Law 27.12.2017, no. 205 (Software functional for technological transformation according to the Industry 4.0 model) (art. 1 – subsection 187).
Investments excluded from the relief
- as indicated in Article 164, paragraph 1, of the TUIR (vehicles and other means of transport, both when exclusively used for the purposes of the business – fully deductible assets – and when used for purposes that are not exclusively related to the business)
- Goods for which DM 31.12.1988 provides for depreciation rates of less than 6.5%
- Buildings and structures
- Assets referred to in Annex 3 annexed to Law 28.12.2015 n. 208
- Free returns of companies operating under concession and tariff in the sectors of energy, water, transport, infrastructure, postal services, telecommunications, wastewater collection and purification, and waste collection and disposal.
Measurement of the tax credit
It is necessary to specify that the tax credit is not uniformly modulated as it is recognised in Different measurement according to the type of goods object of the investment made by the beneficiary companies.
Tangible assets essential for the technological and digital transformation of businesses according to the “Industry 4.0” model” (Appendix A attached to Law 11.12.2016, no. 232) (art. 1 – paragraph 189)*
– 40% of the investment cost up to 2.5 million
– 20% of the cost for investments ranging from 2.5 to 10 million
Intangible assets (software, systems and system integration, platforms and applications) connected to investments in tangible assets “Industry 4.0” (Annex B attached to Law 11.12.2016, no. 232 (Art. 1 - Paragraph 190))
– 15% of the cost of investments up to €700,000
– 6% of the cost of investments up to €2 million
Me different (article 1 – paragraph 188)
– 61% tax credit* on investment costs up to €2 million
Reference is made to the cost incurred by the lessor for the purchase of the assets in cases where the investments were made through the execution of financial leasing contracts.
Expenses for services incurred in relation to the use of assets through cloud computing solutions are also eligible for relief, for the portion attributable by accrual.
The cost shall be determined in accordance with Article 110, paragraph 1, letter b), of the TUIR.
Tools for computerising and making businesses' activities more competitive fall under tangible and intangible assets.
In particular, this measure will enable Utilities managing services for public bodies to accelerate their digital transformation through cloud-based software solutions and integrated hardware technology, towards Smart Cities and Communities.
Sikuel supports you with its experience through integrated systems present in over 400 Municipalities in Italy.
- K-TARIP for urban waste collection
- K-WATER for integrated water service management
- Data acquisition instrumentationRemote readingWearable readers - IoT
