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Industry 4.0
3D printers fall under Appendix A of the text for the tax credit but it is good to know that most 3D printers are not adequate.
To explain, many 3D printers have wifi but do not connect completely remotely to be controlled from the PC.
That's why after a long work 3dcut presents a software that can remotely connect the printers and be able to control the print by launching it, modifying it during construction and automatically downloading the result of the print in CSV format, digitizing the 3D printing so that the company can monitor each parameter much faster.
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The new National Transition Plan 4.0 is the first brick on which the Italian Recovery Fund is based. The investment consists of about 24 billion euros for a measure that becomes structural and which sees the strengthening of all deduction rates and an important advance in the time of use.
The new National Transition Plan 4.0 has two fundamentalobjectives:-
Stimulate private investment;
- Give stability and certainty to businesses with measures taking effect from November 2020 to June 2023.
- The new tax credits are provided for 2 years;
- The effective date of the measure is brought forward to 16 November 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 and reduction of compensation with greater tax benefit in the year
- For investments in "ex super" and intangible non-4.0 capital goods made in 2021 by subjects with revenues or fees 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 allowed;
- For all tax credits on tangible capital goods, the use of credits is reduced to 3 years instead of the 5 years provided for by current legislation.
Increase in ceilings and rates (tangible and intangible assets)
- Increase from 6% to 10% for all receivables relating to tangible capital goods (ex super) only for the year 2021;
- Increase from 6% to 15% for investments made in 2021 to implement agile working;
- Extension of credit to intangible assets not 4.0 with 10% for investments made in 2021 and 6% for investments made in 2022.
Increase in ceilings and rates (Tangible goods 4.0)
- For expenditure below €2.5 million: new rate of 50% in 2021 and 40% in 2022;
- For expenses exceeding €2.5 million and up to €10 million: new rate of 30% in 2021 and 20% in 2022;
- For expenditure above €10 million and up to €20 million, a new cap has been introduced: 10% rate in 2021 and 2022.
Increase in ceilings and rates (Intangible assets 4.0)
- Increase from 15% to 20%;
- Maximum 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 ceiling from 1.5 million to 2 million;
- Design and aesthetic ideation: increase from 6% to 10% and ceiling 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 discovers 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 Draft Budgetary Plan. 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 for 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 remodulation of rates.
Let's see in order what this text of the budget bill provides.
Tax credit for investments in capital goods
As of 1 January 2023, the tax credit for investments in tangible capital goods 4.0 will be substantially halved.
First, however, we remind you that the 2021 rates provide for those who buy the tangible goods included in Annex A
- 50% for investments up to € 2.5 million
- 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 foreseen by 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 starting from January 2023 and 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 euro
- 5% for investments from 10 to 20 million
Décalage also for the intangible assets of Annex B. Here we remind you that for 2021 and 2022 the rate is set at 20%. The draft of the 2022 budget law provides for a further extension to 20% for 2023 and then to 15% for 2024 and 10% for 2025.
No reference instead for non-4.0 assets (former super-depreciation) which are incentivized this year at 10% and for 2022 at 6%, both for tangible and intangible assets. No extension in sight then.
The extension for the tax credit for research, development, innovation and design activities
Ten-year renewal, until 2031, for the tax credit for research, development, innovation and design activities.
But while for 2022 the scaffolding is renewed with the same current rates, after there is a clear reduction.
So for 2022 the rates and ceilings are as follows
- 20% for research and development activities with a ceiling of 4 million
- 10% for innovation activities or for those of design and aesthetic conception with a ceiling of 2 million euros
- 15% for innovation activities with objectives oriented towards an objective 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 continues 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 towards an objective of ecological transition or digital innovation 4.0 with a maximum ceiling of 4 million.
Renewal also for Sabatini and Fondo 394
The Nuova Sabatini, the measure that supports productive investments by micro, small and medium-sized enterprises with a contribution to support the interest expense of loans contracted for the purchase of capital goods, is also supplemented by 180 million euros for each of the years from 2022 to 2026.
The revolving fund 394, which ensures support for internationalisation activities, is then increased by €1.5 billion 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 provided for by the Care for Italy decree is then refinanced.