Transition 4.0 Plan: the measures to support innovation

4.0 companies are increasingly central to the industrial sector

Transition 4.0 Plan, the Italian Law Decree to support 4.0 companies, will probably be modified by the end of January, after Parliament’s green light to a new budget variance. To ensure that with the Recovery Plan, companies’ investments focus on bringing real innovation and are not limited to simple replacements for old machinery or office furniture, the European Commission has in fact requested to review the mix. Fewer subsidies for traditional capital goods (the previous super-ammortamento), more generous aid on goods functional to the digitalization of companies (the previous iper-ammortamento).

Although the entry into force of the law could come in March-April, in order to avoid the stop of investments, the retroactivity clause will certainly be activated for the purchase of digital assets made from November 16th, 2020.

The changes to the Law Decree will also touch the Recovery Plan figures. Transition 4.0 Plan, designed to encourage the development of 4.0 activities, had already gone from 24.8 to 21.7 billion.

The former credit super-ammortamento exits the perimeter of European coverage and, for 2021 only, will be financed by state resources. Also the increases under study for digital assets should be financed with alternative coverage to that of Next Generation Eu.

What’s new

The changes include a limitation for the old super-ammortamento for traditional capital goods, which will be available only for the current year and no longer for 2022, with a tax credit of 10% in the maximum limit of eligible costs equal to 2 million, usable in a single annual tranche in 2021.

Faced with a decline in investment in traditional tools, however, the aim is to strengthen the truly more innovative part. The tax credit for tangible digital capital goods (the previous iper-ammortamento) will see the 50% increase confirmed for both 2021 and 2022, for the portion of investments up to 2.5 million (use of the credit in three instalments). For intangible capital goods 4.0, mainly software, the rate will rise to 25% for 2021 and 2022, with fruition in three shares. It will also change the facility for basic software, not 4.0, which will rise to 15% as well as devices for smart working, both for 2021 and 2022 with a ceiling of 1 million euros.

Credits for R&D

Changes will also affect the tax credit for R&D investments and innovation. The tax credit for fundamental research, industrial research and experimental development will increase from 20 to 25% with a ceiling of 4 million; for technological innovation aimed at digitalization 4.0 or the ecological transition it will rise from 15 to 20% with a limit of 2 million. Finally, with the “decree deviation” could also arrive the expected clarifications on the scope of application of the new regime compared to that of the maneuver 2020. (source Sole 24 Ore)

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