Operational and Regulatory Summary of the New Tax Credit for Transition 5.0
Who can benefit:
- Recipients: Companies resident in Italy and permanent organizations of non-residents operating in Italy.
Validity period:
- Applicable years: 2024 and 2025.
Eligible investments:
- Eligible goods: New tangible and intangible assets, instrumental to the company, included in annexes A and B to Law 232/2016.
- Requirements: Assets interconnected to the company's production management system or supply network, leading to a reduction in energy consumption ≥3% for the facility or ≥5% for the processes.
- Other admissions: Investments for the self-production of energy from renewable sources and training costs for staff.
Tax credit measures:
- Up to 2.5 million euros: 35% of the cost.
- Over 2.5 and up to 10 million euros: 15% of the cost.
- Over 10 million up to 50 million euros: 5% of the cost.
Incremental bonuses for energy consumption reductions:
- Reduction >6%: increases to 40%, 20%, 10%.
- Reduction >10%: increases to 45%, 25%, 15%.
Reference legislation:
- Legal basis: "PNRR" law decree, press release from the Ministry of Business and Made in Italy of 26 February 2024.
Procedures and certifications:
- Communications: Ex ante and ex post presentation at MIMIT.
- Consumption reduction certification: By independent evaluator.
- Investment realization certification: Confirmation of compliance of investments and interconnection of assets.
- Certification of an auditor: Mandatory to certify the expenses incurred.
- Certification costs for SMEs: Recognized as an increase in the tax credit up to 10,000 euros.
Use of credit:
- Mode: Compensable in the F24 model in a single solution by 31 December 2025.
- Portability: Uncompensated amount transferable forward for 5 years in annual installments.
Cumulability:
- Restrictions: Not cumulative with other bonuses on the same eligible costs (e.g. investment bonus, single ZES in the South).
Implementing provisions:
- Future regulation: Specifications to be defined in a specific DM. Two decrees are expected, one on the technical rules, the other on the definition of trainer requirements
Training:
Training expenses on technologies are also permitted and facilitated, within the 10% of total investments with a maximum limit of €300,000.
Operational Considerations:
- Planning: Verify the admissibility of investments and plan the necessary certifications.
- Documentation: Prepare and maintain documentation for the certification of energy costs and savings.
- Deadlines: Monitor the deadlines for communications and for the use of the tax credit.
The Studio remains available to companies interested in these facilitative rules for appropriate in-depth analysis and the drafting of analysis and operational action plans.
