To benefit from tax credits under the National Transition Plan 4.0, companies are required to communicate in advance, electronically, the total amount of investments they intend to make. However, the modalities of this declaration must be established through a ministerial decree of the Ministry of Business and Made in Italy, which has not yet been ratified.
The Revenue Agency has so temporarily the use of tax codes has been suspended for clearing via F24, as indicated in resolution number 19 of 12 April.
Stop offsetting tax credits
With resolution number 19 of 12 April, the Revenue Agency introduced a temporary suspension for the compensation of tax credits relating to investments linked to Transition 4.0. This suspension specifically concerns two types of tax credits:
- Tax credits for investments in new capital goods, as established in articles 1057-bis and 1058-ter of law no. 178/2020.
- Tax credits relating to investments in research and development activities, technological innovation, design and aesthetic conception, provided for in articles 200, 201 and 202 of law no. 160/2019.
To benefit from these benefits, article 6 of legislative decree number 39 of 2024 requires the sending of a communication to the Ministry of Business and Made in Italy (Mimit) with the total amount of the planned investments, to be updated at the end of the jobs.
However, since the methods of communication must be established through a specific decree of the Mimit, which has not yet been promulgated, such communication cannot be carried out. Consequently, until the issuing of this decree, the Revenue Agency has placed a block on the compensation of tax credits.
The use of some tax codes has been suspended, here are the ones
The document issued by the Revenue Agency lists: tax codes that cannot be used temporarily for the compensation of tax credits via the F24 form.
In particular, we would like to point out the suspension of the use of the following tax codes:
- Tax codes 6936 and 6937when 2023 or 2024 is indicated as the reference year.
- Tax codes 6938, 6939 and 6940, in case the reference year is 2024.
This suspension will remain in force until the Mimit directorial decree is issued.
Generally speaking, it is required that the communication follows the model approved by the directorial decree of 6 October 2021 of the Ministry of Economic Development. However, it is specified that the new Mimit decree will have to make the necessary changes, both in the content and in the methods and times for sending communications.
What is Transition 4.0
The Transition 4.0 plan, promoted by the Italian State with the support of the European Union, represents an important initiative aimed at stimulate investments and to strengthen the Italian productive fabric. The primary objective of this plan is to modernize the Italian economy and guide it towards the evolution of industry 4.0.
The plan is designed to provide a series of incentives aimed at supporting the digital transformation of businesses, with the implementation of tax credits to incentivize several areas, such as the purchase of simple tangible and intangible capital goods, also known as ex super-depreciation (so it supports companies in the acquisition of essential resources for their operation and development). But also with the purchase of tangible and intangible capital goods 4.0, also known as former hyper-depreciation to promote the adoption of advanced and innovative technologies, in order to improve the efficiency and competitiveness of businesses.
The plan is also useful for research, development, innovation and design activities and support creative and innovative activities, which are key to the development of cutting-edge products and services. Finally, for the training 4.0that is, promoting the training and development of the skills necessary to fully adopt and exploit digital technologies in business operations.
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