Benefits 4.0

The 2021 Budget Law has provided for an investment of around 24 billion euros to offer tax breaks in support of Italian companies (Srl, SpA, Sas and Snc) that invest in innovation. The Transition Plan 4.0 is the new industrial policy of our country to respond to the need for innovation of Italian companies (with tax offices in Italy) through a digital transformation of the processes and services offered to its customers.

Who can access?

As anticipated, all companies present in Italy, can access the 2021 tax credit, regardless of the legal form, the economic sector to which they belong, the size and the tax regime.

A fundamental requirement is thepurchase of goods new instrumentals, tangible and intangible, which are operational within the national territory. Furthermore, all companies - in order to access the tax credit - must comply with the regulations on safety in the workplace and be in compliance with the obligations to pay social security and welfare contributions for workers.

Facilitated Sensor Medica Technologies

All Sensor Medica products are eligible according to the tax incentives provided for by the plan, specifically:

  • FREEMED FOOTPEGS
  • RUNTIME TREADMILL
  • VULCAN CNC MILLS
  • MOVIT GAIT
  • SPINE3D

Among the various incentives provided by the New Plan, our aforementioned technologies are subject to rate of 50% for purchases of less than 2.5 million euros. Furthermore, a additional tax credit of the 45% (South Bonus) if the activity is carried out in the regions of Campania, Puglia, Basilicata, Calabria, Sicily, Molise, Sardinia or Abruzzo.

Here are some examples

1) Clinical facility operating in Lombardy that makes an investment worth € 50,000:

Purchase price of the asset€ 50.000
Year of entry into operation of the property2021
Percentage of subsidy (Industry 4.0)50%
Total Industry 4.0 tax credit (*)€ 25.000
Actual cost of the asset€ 25.000

(*) The tax credit does not contribute to the formation of income as well as the taxable base of IRAP. Furthermore, it is possible to combine the tax benefit with other concessions that have the same costs as their object.

2) Clinical facility operating in Puglia that makes an investment worth € 50,000 cumulative with the investment tax credit in the South:

Purchase price of the asset€ 50.000
Year of entry into operation of the property2021
Percentage of subsidy (Industry 4.0)50%
Industry 4.0 tax credit (*)€ 25.000
Percentage of the subsidy (South Bonus)45%
Investment tax credit in the South€ 22.500
Total tax credit€ 47.500
Actual cost of the asset€ 2500

(*) The tax credit does not contribute to the formation of income as well as the taxable base of IRAP. Furthermore, it is possible to combine the tax benefit with other concessions that have the same costs as their object.

How to take advantage of the tax credit?

A specific decree of the Ministry of Economic Development (MISE) establishes the model, content, methods and terms for sending the communication in relation to each eligible tax period. The facility will then be enjoyed by the company as tax credit, or a compensation to be used with the F24 form in three annual installments - of the same amount - starting from the year in which the assets became operational.

Expiration of the facility

The firm must make the purchase in the time frame that goes from November 16, 2020 to December 31, 2021 or pay a deposit equal to or greater than 20% of the acquisition cost by 31 December 2021 (the asset must then be put into operation by 30 June 2022). For the year 2022, on the other hand, the rates will suffer a decrease of 10% compared to those of the previous year.

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Conclusion

For more information on our technologies  - with the tax breaks provided by the new 4.0 Transition Plan - you can contact us to speak with our experts.