The 2019 Budget Law has confirmed for tax year 2019 the hyper depreciation tax regime, which was enforced by the \u201cIndustria 4.0\u201d Decree issued by the Ministry of Economic Development (MI.S.E.) in 2017.
\nThe hyper depreciation is a tax deduction linked to the purchase of operational assets aimed to the digital conversion of enterprises according to the \u201cIndustria 4.0\u201d criteria, that allows businesses to benefit of a lift up of the purchase costs for fiscal depreciation purposes, under art. 1 c.9 L.232\/2016.
\nIn order to benefit from the incentive, the company must draw up a statement duly signed by the legal representative, or appoint a technical expert (i.e. an engineer) in order to assessing whether or not the asset meets the requirement set forth by the Law. In particular, the assets must:
\n\u2022 meet the characteristics and features laid down in the Budget Law n. 232\/2016 annex A and\/or B;
\n\u2022 be linked to the enterprise manufacturing system, as pointed out by the Circular n.4\/E of 2017 issued by the Italian Tax Authority.
\nThe last condition is not always easy to maintain when the assets are operated manually or when they\u2019re placed in remoted areas, away from the wired network.
\nThe Italian Tax Authority consulted with the MI.S.E . in order to address this issue, for which the latter rendered a dedicated opinion identifying the following requirements: if the lack of interconnection with the enterprise manufacturing system is not linked to the assets features nor it is dependent of the companies\u2019 discretion, it is likely possible that said circumstances will not jeopardize the application of the tax deduction as long as the interconnection requirement is safeguarded for the majority of the time in which the assets are put in service.
\nThe Tax Authority also clarified that when the asset is operated manually, the application of the tax deduction might not be in jeopardy, provided that it is related to fringe circumstances.
\nTo that extent, this implies that business owners will be able to benefit from hyper depreciation if the partial lack of the interconnection requirement:
\n\u2022 is not predominant during the tax year;
\n\u2022 does not depend on inadequacy of assets with respect to the technical requirements set forth by the Law;
\n\u2022 is not the result of the company\u2019s decisions, but depends on external factors.<\/p>\n","protected":false},"excerpt":{"rendered":"
The 2019 Budget Law has confirmed for tax year 2019 the hyper depreciation tax regime, which was enforced by the \u201cIndustria 4.0\u201d Decree issued by the Ministry of Economic Development (MI.S.E.) in 2017. The hyper depreciation is a tax deduction linked to the purchase of operational assets aimed to the digital conversion of enterprises according […]<\/p>\n","protected":false},"author":125,"featured_media":8308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[],"_links":{"self":[{"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/posts\/7098"}],"collection":[{"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/users\/125"}],"replies":[{"embeddable":true,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/comments?post=7098"}],"version-history":[{"count":1,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/posts\/7098\/revisions"}],"predecessor-version":[{"id":25824,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/posts\/7098\/revisions\/25824"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/media\/8308"}],"wp:attachment":[{"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/media?parent=7098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/categories?post=7098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/it.andersen.com\/en\/wp-json\/wp\/v2\/tags?post=7098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}