For the purposes of the tax credit for investments in the single SEZ former art. 16 of Legislative Decree 124/2023, the investmentsforming part of an initial investment project (as defined in art. 2 points 49, 50 and 51, of regulation no. 651/2014), carried out from 1 January 2024 to 15 November 2024, relating to the purchase, also through financial leasing contracts, of new machinery, plants and various equipment intended for existing production structures or which are set up in the single SEZ, as well as the purchase of land and the acquisition, construction or expansion of properties instrumental to investments and actually used to carry out the activity in the production structure.
The credit is commensurate with the amount of investments made from 1 January 2024 to November 15, 2024 within the maximum limit, for each investment project, of 100 million euros. However, investment projects whose total cost is less than 200,000 euros are not eligible.
In accordance with the art. 3 paragraph 3 of the decree of 17 May 2024, investments in assets properties instrumental are eligible for relief even if they concern assets already used by the assignor or by other subjects for the carrying out of an economic activity (without prejudice to the provisions of articles 2 points 49, 50 and 51, and 14 of regulation no. 651/2014).
It is also provided that the value of the land and buildings eligible for the benefit cannot exceed 50% of the total value of the subsidized investment (art. 16 paragraph 2 of Legislative Decree 124/2023 and art. 3 paragraph 5 of the decree of 17 May 2024).
This limitation is confirmed in “ZESUNICA” software to complete the communication form to be submitted, by July 12th, for the use of the tax credit (see provision Revenue Agency 11 June 2024 n. 262747; see also “From today the sending of communications for the single Southern ZES bonus” of 12 June).
In particular, in panel B, containing the data of the production structure receiving the investment project, the data of the investments made and/or to be made in the eligible period must be indicated in Section II (lines from B10 to B19). The data must be shown separately for each type of eligible capital goods, i.e. plants (B11), machinery (B12), equipment (B13) and buildings (B14).
Without prejudice to the absence of detailed technical specifications on the Revenue Agency website, in line B14 the value of the properties which, on the basis of the aforementioned regulatory provision, must be indicated equal to or less than 50% of the total subsidized investment.
To examplein the case of an investment project with a total value of 1,400,000 euros, the value of the properties cannot exceed 700,000 euros.
In fact, by way of example, indicating 600,000 euros as the cost of the systems in line B11 and 800,000 euros as the cost of the properties in line B14, the compilation software returns a mistakerecalling that “for each investment project the total investments in properties cannot exceed 50% of the overall investment” and that it is therefore necessary to vary the amounts relating to the properties, specifying that the value should be equal to or less than 700,000 euros.
In order to correctly fill in these lines, it therefore seems appropriate to first identify the total value of the subsidized investment, then calculating the value of the properties actually eligible for the subsidy (within the limit of 50% of the overall value of the subsidized investment).
