The National Industry 4.0 Plan, whose tax benefits were approved with the 2017 Budget Law, offers a series of incentives for enterprises that invest in technology and digitalization. With the 2018 Budget Law, the period of tax benefit eligibility for investments in new capital assets, devices and technologies made by December 31, 2018 is extended through December 31, 2019, provided that an advance payment of 20% of the total order amount has been made by December 31, 2018. Circular no. 4/E of the Revenue Agency and other explanatory circulars emitted by the Ministry of Economic Development (e.g. 23 May 2018 Circular, no. 177355) are an important step towards the implementation of the Plan, as they provide operational instructions regarding the use of super-depreciation and hyper-depreciation.
In order to take advantage of the benefits of hyper-depreciation and the increase in the value of investments in intangible assets (Circular no. 4/E), companies must certify that they have fulfilled the legal requirements:
As a Certification Body, ECO Certificazioni can draw up the following:
Attention: the Certificate of Conformity need not be sworn because the guarantee of independence, competence and confidentiality is implicit in the activities of the third party Certification Body.
In order to prepare an adequate technical report, which will pass any technicians’ checks, the purchased asset must be accompanied by adequate documentation:
In particular, in point c) we talk about the innovations introduced by the Industry 4.0 concept, i.e. the possibility to improve production efficiency, thereby reducing lead times, machine downtimes for format changes, waits for untimely maintenance, etc. All of this is achieved by continuously monitoring the machinery activity and processing the data collected accordingly: the INTERCONNECTION of the machinery and the INTEGRATION of the information gathered into the management system.
In order to take advantage of the incentives, the asset must satisfy the following mandatory requirements: