The tax credit represents a significant opportunity for businesses seeking to improve efficiency and productivity, maintain market competitiveness, and reduce the cost of necessary investments in digital technologies.
The 2023 budget law includes important changes regarding tax credits for company investments in Industry 4.0 projects, through the Transition 4.0 Plan.
A series of tax breaks, following those granted for 2022, have been renewed and strengthened, with several new features. With the new measures, expected to begin this year, the tax break is even more advantageous and accessible to a greater number of businesses.
The credit aims to support and incentivize companies investing in new tangible and intangible capital goods that are essential to the technological and digital transformation of production processes.
With regard to the purchase of technologically advanced intangible capital goods, functional to Industry 4.0 transformation processes, reference is made to the purchase of software that is in line with the specifications reported in Annex B attached to Law No. 232 of 11 December 2016 and referred to in the new budget law.
Tax credit for the purchase of Software 4.0: Rates
For investments in intangible assets (software, systems and system integration, platforms and applications) connected to investments in tangible assets “Industry 4.0” listed in Annex B, expenses for services incurred through cloud computing solutions are also considered eligible for the portion attributable on an accrual basis.
The tax credit is recognized for:
- 2023: 20% of the cost up to a maximum of €1 million in eligible costs (with a deadline of June 30, 2024, if the order/20% down payment is due by December 31, 2023)
- 2024: 15% of the cost up to a maximum of €1 million in eligible costs (with a deadline of June 30, 2025, if the order/20% down payment is due by December 31, 2024)
- 2025: 10% of the cost up to a maximum of €1 million in eligible costs. The tax credit may be extended until June 30, 2026, provided that the order has been accepted by the seller by December 31, 2025, and down payments equal to at least 20% of the acquisition cost have been made.
Milleproroghe Decree – Extension of delivery deadlines
The Milleproroghe Decree, approved on December 21, allows the use of the tax credit for capital goods ordered in 2022, with the same rates, even for delivery that takes place by November 30, 2023 (the Milleproroghe Decree becomes law).
Sinergest Suite Software Solutions
Many Sinergest solutions are eligible for tax breaks and are compatible with the incentive measures, including standard or custom solutions for managing corporate organizational processes in the areas of workplace safety and quality management.
