3D printers fall under Appendix A of the text for the tax credit but be aware that most 3D printers are not appropriate.
To explain, many 3D printers have wifi but don't fully connect remotely to be controlled from the PC.
That's why after a long work 3dcut presents a software able to remotely connect the printers and be able to control the print by launching it, modifying it in progress and automatically downloading the result of the print in CSV format, digitizing the 3D print so that the company can monitor much faster every parameter.
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The new National Transition 4.0 Plan is the first brick on which the Italian Fund for Recovery is based. The investment consists of about 24 billion euros for a measure that becomes structural and that sees the strengthening of all rates of deduction and an important advance in the timing of use.
The new National Plan for Transition 4.0 has two fundamental objectives: -To stimulate private investment.
Stimulate private investment;
- To give stability and certainty to companies with measures that take effect from November 2020 to June 2023.
- The new tax credits are foreseen for 2 years;
- The effective date of the measure is brought forward to November 16, 2020;
- The possibility is confirmed, for contracts for the purchase of capital goods defined by 31/12/2022, to benefit from the credit with the sole payment of a deposit equal to at least 20% of the amount and delivery of the asset in the following 6 months (therefore by June 2023).
Advance payment and reduction of fees with greater tax benefit in the year
- For investments in "ex super" capital goods and non 4.0 intangibles made in 2021 by persons with revenues or compensation of less than 5 million euros, the tax credit can be used in one year;
- Immediate offsetting (from the current year) of the credit relating to investments in capital goods is permitted;
- For all tax credits on tangible capital goods, the use of credits is reduced to 3 years instead of the 5 years envisaged by current legislation.
Increase in ceilings and rates (tangible and intangible assets)
- Increase from 6% to 10% for all credits relating to tangible capital goods (formerly super) for the year 2021 only;
- Increase from 6% to 15% for investments made in 2021 to implement agile working;
- Extension of the credit to non-4.0 intangibles with 10% for investments made in 2021 and 6% for investments made in 2022.
Increased caps and rates (Tangible 4.0 assets).
- For expenditures of less than €2.5 million: new rate at 50% in 2021 and 40% in 2022;
- For expenditure of more than 2.5 million euros and up to 10 million euros: new rate of 30% in 2021 and 20% in 2022;
- For expenditure of more than 10 million euros and up to 20 million euros, a new cap has been introduced: 10% rate in 2021 and 2022.
Increased caps and rates (Intangible Assets 4.0)
- Increase from 15% to 20%;
- Ceiling from 700 thousand euros to 1 million euros.
Research & Development, Innovation, Design and Green
- R&D: increase from 12% to 20% and ceiling from 3 million to 4 million;
- Technological innovation: increase from 6% to 10% and ceiling from 1.5 million to 2 million;
- Green and Digital Innovation: increase from 10% to 15% and capped at 1.5 million to 2 million;
- Design and aesthetic ideation: increase from 6% to 10% and cap from 1.5 million to 2 million.
Training credit 4.0
- Extension of the tax credit to expenses incurred for the training of employees and entrepreneurs;
- It is recognized within the two-year period covered by the new measures (2021 and 2022).
The government uncovers the cards on the extension of the incentives provided by the Transition 4.0 plan anticipated a few days ago during the presentation of the Budget Policy Document. In the first draft of the budget bill, article 9 is entirely dedicated to the "Extension of the tax credit for investments in capital goods "Transition 4.0" and the tax credit for investments in research and development, ecological transition, technological innovation 4.0 and other innovative activities".
The rule provides a three-year extension for capital goods and a ten-year extension for research, development, innovation and design activities, but brings with it a heavy reshaping of rates.
Let's see in order what this text of the budget bill provides.
Tax credit for investments in capital goods
Starting January 1, 2023, the tax credit for investments in tangible capital goods 4.0 is essentially halved.
First, however, remember that the 2021 rates provide for those who purchase the tangible assets included in Annex A
- 50% for investments of up to 2.5 million euros
- 30% for investments from 2.5 to 10 million
- 10% for investments from 10 to 20 million
In 2022 these rates will decrease, as already provided for in the 2021 Budget Law, as follows
-40% for investments up to 2.5 million
- 20% for investments from 2.5 to 10 million
- 10% for investments from 10 to 20 million
The text of the new draft provides for the renewal of the measure for another three years and a further decrease from January 2023 until the end of December 2025, with delivery extended until June 2026, according to this scheme:-
20% for investments up to 2.5 million
- 10% for investments from 2.5 to 10 million euros
- 5% for investments from 10 to 20 million
Décalage also for intangible assets in Annex B. Here we recall that for 2021 and 2022 the rate is set at 20%.The draft of the Budget Law 2022 provides for an extension still at 20% for 2023 and then at 15% for 2024 and 10% for 2025.
No reference instead for the goods not 4.0 (ex superammortamento) that come incentivati this year to 10% and for 2022 to 6%, is for the tangible goods that immaterial. No extension in sight therefore.
The extension for the tax credit for activities of research, development, innovation and design
Ten-year renewal, until 2031, for the tax credit for research, development, innovation and design activities.
But while the scaffolding is renewed for 2022 with the same rates as now, there is a sharp reduction after that.
So for 2022, the rates and caps are as follows
- 20% for research and development activities with a cap of 4 million
- 10% for innovation activities or those of design and aesthetic conception with a ceiling of 2 million euros
- 15% for innovation activities with purposes oriented to a goal of ecological transition or digital innovation 4.0 with a ceiling of 2 million
Then the décalage begins. In the case of research and development activities it goes on until 2031; in the case of innovation and design activities until 2025. Here are the rates
- 10% for research and development activities with a ceiling of 5 million
- 5% for innovation activities or for design and aesthetic conception activities with a maximum of 2 million euros
- 10% for innovation activities with purposes oriented to an objective of ecological transition or digital innovation 4.0 with a ceiling of 4 million.
Renewal also for the Sabatini and the Fund 394
Also the New Sabatini, the measure that supports productive investments of micro, small and medium-sized enterprises with a contribution to support the interest expense of loans contracted for the purchase of capital goods, is supplemented by 180 million euros for each of the years from 2022 to 2026.
The 394 revolving fund that ensures support for internationalization activities is then increased by 1.5 billion euros for each of the years from 2022 to 2026. With 150 million euros per year for each of the years from 2022 to 2026, the non-repayable fund for the integrated promotion of exports envisaged by the Care for Italy decree is then refinanced.