Industry 4.0 in 2022

La legge di bilancio 2022 prevede per i beni “Industria 4.0” la misura del credito di imposta.

Industry 4.0 in 2022

The budget law 2022 provides for a tax credit measure for "Industry 4.0" assets.

Current regulations require that in order to take advantage of the tax credit, companies must produce, as in the year 2021, a sworn expertise.

The credit applies to investments made from January 1, 2022 until December 31, 2022, or by June 2023 provided that by the end of 2022 the relevant order is accepted by the seller and the payment of advances in an amount at least equal to 20% of the acquisition cost has taken place. The 2022 Budget Law also extends the tax credit to assets purchased in 2023 or advanced in the form of 20%, however, reducing the percentages.

The tax credit measure is aimed at all companies resident in Italy, including permanent establishments of non-residents, irrespective of their legal nature, economic sector, size, accounting regime and system for determining income for tax purposes.

Companies in a state of voluntary liquidation, bankruptcy, compulsory administrative liquidation, arrangement with creditors without going concern, or other insolvency proceedings are excluded. Companies with disqualification sanctions pursuant to article 9, paragraph 2, of Legislative Decree no. 231 of 8 June 2001 are also excluded.

It should be noted that the tax credit also allows companies that are loss-making or have low taxable income to take advantage of the benefit.

Advantages

The tax credit is modulated in a differentiated manner according to the type of investment. A tax credit of 6% of the cost for investments of up to 1 million euros is recognized for "not highly technological" assets.

A tax credit is recognized for technologically advanced tangible capital goods (Annex A, Law No. 232 of December 11, 2016):

  • 40% of the cost for investments up to 2.5 million euros;
  • 20% of the cost for investments between 2.5 and 10 million euros;
  • 10% of the cost for investments exceeding 10 million euros and up to a maximum of 20 million euros.

A tax credit is recognized for intangible capital goods (Annex B, Law no. 232 of December 11, 2016, as supplemented by article 1, paragraph 32, of Law no. 205 of December 27, 2017):

  • 20% for investments of up to one million euros.

Tax credit for research and development and technological innovation

The 2022 Budget Law on Industry 4.0 provides for an increase in the tax credit percentages and the maximum amount for which it can be claimed, in terms of eligible activities, R&D and technological innovation, design and aesthetic ideation activities.

Also in this case, the tax credit is modulated according to the type of investment.

Method of use of tax credit

The tax credit can be used exclusively for compensation in the F24 form.

In the case of tangible assets, the tax credit can be used from the year in which the interconnection of the facilitated assets takes place. If the interconnection takes place the year after the year in which the asset comes into operation, it is possible to start benefiting from the tax credit for investments in "generic" assets equal to 6% or 10%, depending on the entity of the investment made, as illustrated in the following example.

EXAMPLE: Consider an asset purchased in 2022, at a cost of €100,000 that goes into operation in 2022 and is interconnected in 2023.

The 6% tax credit is available in 2022:
6% x 100,000€ = 6,000€ annual fee is 6,000€ / 3 = 2,000€

Starting in 2023, the 40% tax credit can be used, net of what has already been enjoyed:
40% x 100.000€ = 40.000€
40,000€ - 2,000€ = 38,000€ (about 12,660€ per year)

To check the tax advantage of a 4.0 investment you can find the automatic calculation page at: Tax Advantage