{"id":9883,"date":"2020-07-14T10:37:43","date_gmt":"2020-07-14T08:37:43","guid":{"rendered":"https:\/\/www.sikuel.it\/?p=9883"},"modified":"2021-07-06T14:46:23","modified_gmt":"2021-07-06T12:46:23","slug":"industry-4-0-investments-utilities-innovation","status":"publish","type":"post","link":"https:\/\/www.sikuel.it\/en\/tributi\/industria-4-0-investimenti-utilities-innovazione\/","title":{"rendered":"Industry 4.0: Tax credit for investments in technological innovation"},"content":{"rendered":"
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\nThe 2020 Budget Law set out the rules for the tax incentives provided for by the National Industry 4.0 Plan with significant new features, including the replacement of hyper and super depreciation in favour of the \u201cTax credit for investments in TANGIBLE and INTANGIBLE capital goods\u201d.
\nThe plan, as announced by Patuanelli himself \u2013 the Minister of Economic Development \u2013 mobilises \u20ac7 billion and aims to act as a lever for investments dedicated to the digital transition and the technological evolution of Italian businesses.
\nCompanies 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,\u00a0 provided that orders accepted by the seller and paid for with deposits of at least 20% were placed by 31 December 2020.
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Eligible investments<\/u><\/strong><\/p>\n

 
\nFrom an objective point of view, the incentive concerns investments in:<\/p>\n

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  1. Tangible assets new for business purposes;
    \n<\/strong><\/li>\n
  2. Intangible assets new instrumental for business operations<\/strong>, 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\u00a0<\/strong><\/em>functional for technological transformation according to the Industry 4.0 model<\/strong>)\u00a0 (art. 1 \u2013 subsection 187)<\/strong>.<\/li>\n<\/ol>\n

     
    \n\u00a0<\/strong>Investments excluded from the relief<\/strong><\/p>\n

      \n
    1. as indicated in Article 164, paragraph 1, of the TUIR\u00a0<\/strong>(vehicles and other means of transport, both when exclusively used for the purposes of the business \u2013 fully deductible assets \u2013 and when used for purposes that are not exclusively related to the business)<\/li>\n
    2. Goods for which DM 31.12.1988 provides for\u00a0depreciation rates of less than 6.5%<\/strong><\/strong><\/li>\n
    3. Buildings and structures<\/strong><\/strong><\/li>\n
    4. Assets referred to in Annex 3 annexed to Law 28.12.2015 n. 208<\/strong><\/strong><\/li>\n
    5. Free returns\u00a0<\/strong>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.<\/li>\n<\/ol>\n

       
      \n <\/p>\n

      Measurement of the tax credit<\/u><\/strong><\/p>\n

       
      \nIt is necessary to specify that the tax credit is not uniformly modulated as it is recognised in\u00a0Different measurement<\/strong>\u00a0according to the\u00a0type of goods\u00a0<\/strong>object of the investment made by the beneficiary companies.
      \nTangible assets essential for the technological and digital transformation of businesses according to the \u201cIndustry 4.0\u201d model\u201d <\/strong>(Appendix A attached to Law 11.12.2016, no. 232) (art. 1 \u2013 paragraph 189)*
      \n\u2013 40% of the investment cost up to 2.5 million
      \n\u2013 20% of the cost for investments ranging from 2.5 to 10 million
      \nIntangible assets (software, systems and system integration, platforms and applications) connected to investments in tangible assets \u201cIndustry 4.0\u201d<\/strong> (Annex B attached to Law 11.12.2016, no. 232 (Art. 1 - Paragraph 190))
      \n\u2013 15% of the cost of investments up to \u20ac700,000
      \n\u2013 6% of the cost of investments up to \u20ac2 million
      \nMe different<\/strong> (article 1 \u2013 paragraph 188)
      \n\u2013 61% tax credit* on investment costs up to \u20ac2 million<\/p>\n

      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.
      \nExpenses 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.
      \nThe cost shall be determined in accordance with Article 110, paragraph 1, letter b), of the TUIR.<\/h6>\n

       
      \nTools for computerising and making businesses' activities more competitive fall under tangible and intangible assets.
      \nIn 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.
      \nSikuel supports you with its experience through integrated systems present in over 400 Municipalities in Italy.<\/p>\n