On Oct. 1, ITA Tax informed of tax credit for investments in ZLS.
ITA Tax reported publication of Decree Law of Aug. 30, 2024 tax credit for companies.
Main Points
The DL 60/2204 of Presidency of Council of Ministers of Aug. 30, 2024, published in OG 226 of Sep. 26, 2024, defines the methods to access the tax credit.
Tax credit recognized to companies for purchase of new capital goods made from May 8 - Nov. 15, 2024, to be allocated to the Simplified Logistics Zones (ZLS).
Incentive introduced by art 13 of DL 60/2024 regarding further urgent provisions on cohesion policies (#211492); now eligibility and exclusion are explained.
Effectiveness
A specific communication, which will be later determined, must be sent to ITA Tax from Dec. 12, 2024 until Jan. 30, 2025, in which expenses incurred are to be highlighted.
Dec. 2024 Update
On Dec. 12, 2024, ITA Tax updated on Simplified Logistics Zones tax credit requests.
Interested companies have until Jan. 30, 2025 to send communication to ITA Tax using the specific form and related instructions approved with new provision 445771/2024.
Credit for companies that made investments in capital goods intended for production facilities located in ZLS, set by 2018 Budget Law (art 1 paras 61-65 of Law 205/2017).
Investments can be allocated to production facilities that already exist or that are set up in ZLS, limited to areas eligible for regional aid pursuant to art 107, para 3c) TFEU.
Regions identified by the Regional Aid Map 2022-2027; more details provided.
Tax credit can be used as set-off, using F24 form, starting from day after publication of provision that defines percentage of entitlement to contribution and, in any case, not before release of second receipt with which applicants informed of recognition of use.
Re share of credit re investments not documentable with e-invoices or acquired via financial leasing contracts, use expected to start from working day post receipt issue, documentary verification of certification by Cagliari Fiscal Services Operations Centre.
In event that amount of credit used in compensation is higher than amount that can be used, even taking into account previous uses, F24 form will be rejected; rejection receipt will be made available to interested taxpayer via ITA Tax telematic channels.
