WHAT THE NEW 2021 TRANSITION PLAN 4.0 PROVIDES FOR AND WHAT INVESTMENTS TO MAKE IN AUTOMATION
The new Transition Plan 4.0, financed by the 2021 Budget Law (L. 178/2020) with approximately 24 billion euros, strengthens the measures previously in force and introduces some important innovations. Among these, the most advantageous include reduced times to take advantage of the credits and the possibility of recovering investments in 3 years instead of 5.
What does the New Transition Plan 4.0 provide? What investments should be made in this light? What does it mean to have 4.0 systems and installation?
ENHANCED BONUSES AND NEW AREAS OF IMPLEMENTATION
The National Transition Plan 4.0 is the new Italian industrial policy plan that replaces the previous Industry 4.0, then Impresa 4.0. The Transition Plan 4.0 is biennial, 2021 – 2022, with delivery of the goods until June 2023 in case of payment, by 2022, at least 20% of the amount.
The plan provides for the single measure of the tax credit for businesses with rates that vary depending on the category of goods and the amount of expence to compensate.
Anticipation and reduction of compensation with greater tax advantage in the year
- Immediate compensation (from the current year) of credit relating to investments in capital goods is allowed;
- For all tax credits on material capital goods, the use of credits is reduced to 3 years instead of the 5 years provided for under current legislation.
Increase in ceiling and rates (Tangible assets 4.0)
- For expenses of less than 2.5 million euros: new rate of 50% in 2021 and 40% in 2022;
- For expenses over 2.5 million and up to 10 million: new rate of 30% in 2021 and 20% in 2022;
- For expenses over 10 million euros and up to 20 million euros, a new ceiling has been introduced: rate of 10% in 2021 and 2022
Increase in ceilings and rates (Intangible assets 4.0)
- Increase from 15% to 20%;
- Ceiling from 700 thousand euros to 1 million euros
