With Budget Law 2022 (L. 234/2021), the extension of concessions paid to companies that make investments in capital assets 4.0 both tangible and intangible have been fixed. We remind you that these are the goods respectively included in Annex A and Annex B of Law 11 December 2016, n. 232.
The intervention mentioned above by the legislature in the 234 extended the measure of the facility until the interventions were made by December 31, 2025, or by June 30, 2026, if the constraints to end the so-called. long-term.
This involves the payment at the end of 2025 of a deposit equal to at least 20% of the acquisition price, as well as, within the same term, the acceptance of the order by the seller. In these circumstances, delivery of the goods may take place before June 30, 2026.
The extended concession, however, underwent a bottom remodeling.
In particular, paragraph 1057-bis of Article 1 of Law 234/2021 states that “For companies investing in new capital assets listed in Attachment A annexed to Law December 23, 2016, No. 232, from January 1, 2023 and through December 31, 2025, or by June 30, 2026, as of December 31, 2025 is seller to accept the relative order and the advance payment was made to a minimum of equal to 20 percent of the acquisition price, the tax credit recognized at 20 percent of the cost, for the investment portion up to 2.5 million euros, at 10 percent of the price , for the share of investments exceeding 2.5 million euros and up to 10 million euros, and within the limit of 5 percent of the price, for the portion of investments exceeding 10 million euros and up to the maximum limit of eligible overheads equal to 20 million ero “.
The literal figure of the provision, as admitted by the tax practice in question, led to the belief that the limit of 20 million euros refers to the entire subsidy period, therefore, in the three-year period 2023 – 2025, “However, obvious reasons for logical-systematic interpretation suggest that this is a different editorial formula that should not affect entitlement to the grant if the ceiling is calculated as referring to investments made on an annual basis.”
In practice, thanks to the favorable interpretation of the Agency, the eligible ceiling has been tripled and is equal to a total of 60 million euros (20 per year from 2023 to 2025).
The reasons for this orientation are explained in the circular.
In the first place, this conclusion can be deduced from the quantitative data in the technical report of the Budget Law 2022 indicating the pre-established limit as annual.
Second, a different interpretation would create an unjustified difference with the grant related to intangible assets.
In fact, paragraph 1058 of the article mentioned 1 expressly indicates that the basis for calculating the tax credit for the assets referred to in Annex “B” for investments made up to 31 December 2023 equal to the annual maximum of 1 million euros. Subsequent paragraphs 1058-bis and 1058-ter extend the concession for the years 2024 and 2025.
The table below summarizes the benefit limits over time.