Here is a summary of the main aspects of the 2017 National Budget [Government Budget] related to energy efficiency (full information can be found here).
For all those who hold business income:
- Cost of acquisition of new tangible operating assets (see the Annex A extract below), it is increased by 150%;
- Acquisition cost of new intangible operating assets (see Appendix B extract below), it is increased by 40%;
Among the more significant assets applicable to technological transformation, we can highlight:
- An extract from Annex A.
Intelligent components, systems and solutions for the management, the efficient use and the monitoring of energy and water consumption as well as the reduction of emissions;
- An extract from Annex B.
Decision support software, systems, platforms and applications that can interpret analytic field data and present guidance to online operators on how to improve product quality and production efficiency;
What are the deadlines?
art. 1 paragraph 8. For investments made by 31 December 2017, or by 30 June 2018, provided that by 31 December 2017 the relative order has been accepted by the seller and that a deposit of at least 20% of the purchase price has been paid.
Who can avail of this?
All corporate income holders, including individual companies subject to IRI taxation and having a tax base in Italy, including stable corporate organisations resident abroad, regardless of their legal form, business size, or the economic sector in which they operate.
These mechanisms may be accessed automatically when drafting the yearly budget and by self-certification. (An appraisal is required for assets involving investments greater than €500,000.00).
The Budget Law 2017 nr. 232 approved on 7.12.2016 introduced hyper-amortisation at 250% and the Super-amortisation at 140% for Industry 4.0 investments.
- art. 1 paragraph 9. In order to facilitate technological and digital transformation processes according to the “Industry 4.0” model, for investments in new tangible operating assets undertaken during the period referenced in paragraph 8 (see below) as listed in Annex A ( see list below) attached to this Act, the cost of acquisition is increased by 150 percent;
- art. 1 paragraph 10. PFor those who benefit from the increase cited in paragraph 9 and who, during the period referenced in paragraph 8 (see below), invest in intangible operating assets included in the list as per in Annex B (see list below) attached to this Act, the cost of acquiring such assets is increased by 40 percent;
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