Tax credits for companies not considered as high gas and energy consumers for second and third quarter 2022
To deal with the increased costs caused by the energy crisis, companies, under certain conditions, can benefit from a tax credit related to the expenses paid for gas and energy consumption during the second and third quarter of 2022.
NATURAL GAS TAX CREDIT
The tax credit is equal to 25% of the expenses incurred in the second and third quarters of 2022 for the purchase of natural gas (for non-thermal uses) and is calculated considering the effective consumption of natural gas, excluding all direct and/or indirect costs.
Transportation, storage, distribution and metering expenses (network services) do not contribute to the calculation of the tax credit.
ELECTRICITY TAX CREDIT
The tax credit is equal to 15% of the electricity component purchased and used in the second and third quarters of 2022.
The conditions to qualify for the tax credit are:
1) not be considered as company with high gas and energy consumption and have an electricity meter of 16.5 Kw or more;
2) the purchase price of the energy component for the relevant quarter must have increased by at least 30% compared to the purchase price of the energy component for the same period in 2019.
Any other incidental, direct or indirect charge other than the energy component is excluded.
It is possible to demand to the energy/gas provider to calculate the credit due on behalf of the consumer only if the provider is still the same from 2019 up to now.
TERMS AND CONDITIONS
Tax credits can be used with F24 form or sold to third parties within Dec. 31st, 2022.
IRRELEVANCE FOR TAX PURPOSES
The tax credits are not considered as taxable income.