The Decreto Aiuti (Aid Decree): how to get the 50% incentive for electronic design, simulation and manufacturing SW.
Who is the beneficiary of this incentive?
The benefit of the tax credit for investments in intangible assets 4.0 (Budget Law 2021 Art. 1, c. 1058, 1058-bis and 1058-ter, Law No. 178/2020), is in favor of companies resident in the Italian territory, including permanent establishments of nonresidents, of any legal form or market sector or size or, again, of any tax regime.
What kind of investments are eligible for financing?
Intangible and capital goods for 4.0 transformation processes. All of Primeconcept’s custom applications or special solutions fall into the eligible categories.
How does it work?
For investments made from Jan. 1 to Dec. 31, 2022 (or by June 30, 2023, if by Dec. 31, 2022, the “seller” has accepted the relevant order and down payments of 20 percent of the total cost have been made), the share of the tax credit increases from 20% to 50% (up to a maximum of one million euros in costs).
The facility can be used for offsetting purposes.
What the enterprise must do
- keep records demonstrating the eligible costs and related payments to avoid revocation of the facility
- indicate in the invoices and other purchase documents (e.g., DDT) of the planned goods and services, the reference to the provisions of the law
- prepare a sworn technical report (from an engineer or industrial expert registered in the professional registers or obtain a certificate of conformity from an accredited certification body), to confirm the technical characteristics of the purchased goods, which are in line with the 2017 Budget Law.
- For goods purchased with a cost not exceeding 300,000 euros, it is possible to avoid the expertise through the declaration of the legal representative (pursuant to Presidential Decree No. 445/2000).