What are Government Incentives?
The measurements become even more interesting! Better to take advantage of it now!
The impact of the coronavirus on Italy is considerable and unprecedented. Calculating the economic loss of our country is difficult, but according to various official sources, losses are estimated to already exceed 600 billion euros in the two-year period 2020/2021.
For this reason, the Crisis must absolutely be a bridge that leads Italian industry towards an even more accentuated digitisation, to cope with new contingencies of an exogenous nature.
But if on the one hand Covid-19 has played its part, on the other hand the short-sightedness of our business system has resulted over the years in a modest interest in terms of investments in technologies.
For this reason, the Government has allocated a large amount of capital to Transition 4.0. What is the Government’s manoeuvre about? All the news and opportunities you need to know!
Whatis the National Transition Plan 4.0?
The Government, as mentioned above, has allocated a significant amount of money, destined for Transition 4.0. The purpose of this maneuver is the technological relaunch of the country to cope with the losses resulting from the global health emergency. Industry is the main pillar for the national economy. Therefore, the new National Plan plays an important role for the Italian Industry. The National Plan for Industry 4.0 is a maneuver consisting of 24 billion euros, a very important figure destined for a technological innovation project that becomes the essential pillar for the relaunch of the Italian economy. A measure, which promotes the increase of each taxable deduction rate, as well as the anticipation of a substantial tax benefit.
What are the objectives of the new National Transition Plan 4.0?
The new Plan aims to promote the digitalization of factories in Italy and is based on 2 main objectives:
- Relaunch the country by supporting private employment. How? Encouraging entrepreneurs to invest capital to buy technologies, to have greater competitiveness on a global level;
- Instill solidity and confidence in Italian economic activities, through measures that are valid from November 2020 to June 2023.
How long do government incentives last?
- The Tax Credits are now valid for 2 years;
- The date from which the measure takes effect was brought forward to 16 November 2020;
- If you have or have entered into a contract for the purchase of certified capital goods, by 31 December 2022, you can obtain attractive benefits even if you pay a down payment of 20% of the amount, with delivery of the capital goods within 6 months of the purchase you made. So in a nutshell the maximum deadline for the delivery of the goods will be no later than June 2023.
What are the advantages of measurements for those who have a factory?
If you buy capital goods or intangible assets not 4.0 in 2021, from subjects with salaries of less than 5 million euros, then the tax credit will be obtainable in 1 year.
Some clarifications:
- You may obtain this benefit from the same year in which you purchase such goods;
- If, on the other hand, you buy material capital goods, you can be rewarded within 3 years.
And for the purchase of 4.0 software? Rates for the purchase of both tangible and intangible goods increase!
- “Ex super”: The credit for the purchase of tangible capital goods has been increased by +4 percentage points, and increases from 6% to 10% only for the year 2021;
- What if my collaborators move to work in Smartworking? No problem, if you invest in goods to encourage agile work, in 2021 the incentives go from 6% to 15%;
- And for intangible assets not 4.0? In this case, the Italian government’s credit remains at 10% for investments in 2021 and reduced to 6% in 2022
What tax benefits will I have if I want to buy software? Let’s focus!
The benefits you receive are different depending on the type of software.
- If you want to buy Goods that work through computer systems or sensors, then the tax credit is 40% of the cost, up to 2.5 million euros, and 20%, for the share that exceeds the initial value, up to a maximum of 10 million euros.
- If, on the other hand, you make “rental” investments, you must take into account the expenditure made by those who grant you the asset both for the purchase of intangible instruments that connect to other devices, and investments in intangible assets, connected to investments in tangible assets “Industry 4.0”. In other words, thislast category includes all those production software, factory systems, MES platforms and applications for the production of artifacts and materials.
And for all machinery, tools 4.0? Rates also increase for Material Goods 4.0!
- If I spend less than 2.5 million? If you spend less than this amount then the rate will be fixed at 50% for thisyear, 2021, and reduced by 40% for next year (2022);
- But if instead I have the right to spend between 2.5 million and 10 million? In this case, however, the rate will be reduced to 30% in 2021 and will be further reduced to 20% in 2022;
- If you wanted to spend between 10 million and 20 million, the rate in this case was set at 10% for both thisyear and next year 2022.
And you, have you already thought about thisyear’s investments? Do you already know what opportunities await you?
Now that you know what Government incentives are all about, learn more about our MES Software, choose which Production Modules can help your factory, and don’t miss out on State incentives.
2021 is the ideal year to take advantage of the National Industry 4.0 Plan. Making the change is easy if you trust the right company and people.
Opera MES, the only software that your factory cares about!