Industry 4.0 tax credit
- SIA
- July 21, 2021
Thanks to the Budget Law 2021 (or Transition Plan 4.0) incentives grow and the time windows for the application of tax credit for those who decide to invest in Industry 4.0 increase.
Among the latest changes, therefore, two relevant aspects emerge:
The increase of the rates (with the exception of those involving training);
The extension of the tax credit until 2022.
According to art. 185 of the Budget Measure, the following may apply for the tax credit:
“All companies resident in the territory of the State, including permanent establishments of non-residents, regardless of their legal form, the economic sector they belong to, their size and the tax regime for determining the company’s income, which makes investments in new capital goods intended for production facilities located in the territory of the State.”
Tra le ultime novità emergono quindi due aspetti rilevanti:
- L’aumentare delle aliquote (ad eccezione di quelle che coinvolgono la formazione);
- La proroga del credito d’imposta fino al 2022.
Secondo quanto riportato dall’art. 185 della Manovra di Bilancio, possono richiedere l’applicazione del credito d’imposta:
“Tutte le imprese residenti nel territorio dello Stato, comprese le stabili organizzazioni di soggetti non residenti, indipendentemente dalla forma giuridica, dal settore economico di appartenenza, dalla dimensione e dal regime fiscale di determinazione del reddito dell’impresa, che effettuano investimenti in beni strumentali nuovi destinati a strutture produttive ubicate nel territorio dello Stato”.
- The tax credit may vary according to the type of investment carried out, with different rates and time windows depending on the case.
Referring to the precise type of investment made by the company, the subdivision already present in the measures of previous years is taken into consideration. Here, in brief, is what the legislation provides for according to the specific cases.
For investments in new capital goods, also defined as “machinery 4.0” (all. A – L. 232/2016):
| Applied rate of tax credit | Investment conditions |
| 50% of the cost | Up to 2.5 million euros invested |
| 30% of the cost | From 2.5 to 10 million Euros invested |
| 10% of the cost | Up to a maximum of €20 million invested |
The above rates are applied from November 16, 2020 to December 31, 2021, or until June 30, 2022 if by December 31, 2021 the relevant order has been accepted by the seller and down payments of at least 20% have been made.
In 2022, it will be back with the previous rates and investment brackets (40% up to 2.5 million euros, 20% between 2.5 million and 10 million euros, and 10% between 10 and 20 million euros).
With regard to tangible capital goods other than those indicated in all. A – L. 232/2016, and intangible goods (software) other than those indicated in all. B – L. 232/2016, i.e. all those machines and software that do not fall within the Industry 4.0 category.
| Applied rate of tax credit | Investment conditions |
10% of the cost, up to 15% (until December 31, 2021 or, in the cases provided for above, until June 30, 2022) | If they are investments in technical tools and devices intended to increase the use of agile work. |
6% of the cost In 2022 | If it is an investment in tools and technical devices intended to increase the use of agile work. |
Note: The above rates also apply to investments made by those in the arts and professions.
For investments in software 4.0 (all. B – L. 232/2016)
| Applied rate of tax credit | Investment conditions |
| 20% of the cost | Up to €1 million. Expenses for cloud computing solutions are also included for the relevant part. |
Investments in R&D
| Applied rate of tax credit | Condizioni di investimento |
| 20% of the cost | Fino a 4 milioni di Euro. |
Investimenti in innovazione tecnologica, design, innovazione estetica
| Aliquota applicata di credito d’imposta | Investment conditions |
| 10% of the cost | Up to 4 million Euros. |
Investments in technological innovation, design, aesthetic innovation
| Applied rate of tax credit | Investment conditions |
| 15% of the cost | Up to 2 million Euros. |
Employee training
| Applied rate of tax credit | Investment conditions |
| 30% of the cost | Up to 250 thousand Euro for large companies |
| 40% of the cost | Up to 250 thousand Euros for medium-sized enterprises |
| 50% of the cost | Up to 300 thousand euros for small businesses |
In this specific case, the rates remain unchanged with respect to previous budget measures, with the only change being the extension to December 31, 2021.
Sources:
Annex A and B to Law No. 232 of December 11, 2016 – Available at the link: https://www.agenziaentrate.gov.it/portale/web/guest/investimenti-in-beni-strumentali/normativa-e-prassi-professionisti
Budget Law 2021 – Available at the link: https://www.mef.gov.it/focus/Legge-di-Bilancio-2021/#cont3_scheda
PMI.it, “Industry 4.0: enhanced incentive,” November 23, 2020 – Available at link: https://www-pmi-it.cdn.ampproject.org/c/s/www.pmi.it/impresa/normativa/346029/industria-4-0-incentivo-potenziato.html?amp
Fotina C., “Change the 4.0 plan: more digital, less aid on traditional goods”, Il Sole 24Ore, 6 January 2021 – Available at link: https://www.ilsole24ore.com/art/cambia-piano-40-piu-digitale-meno-aiuti-beni-tradizionali-ADb5blBB
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