For the three-year period 2017 - 2020, the Italian Government has launched the 4.0 Industry plan, a 13 billion € project to support Italian companies in the process of digitization and robotization of production systems. The plan, contained in the Stability Law 2017, aims to activation of investment in innovation and competitiveness by companies, supported in turn by organic measures, including tax incentives. In particular, it is possible to make facilitated investments in new material assets, new high tech material assets, intangible assets. Here are the three categories of assets intended in 4.0 industry -key and the facilities provided for each case.
With regard to new material assets, the 140% super-depreciation is extended throughout 2017, enabling businesses and professionals to increase the purchase cost of 40% for the tax deduction.
Those belonging to the second category are defined by the Stability Law as assets aimed at encouraging technological and / or digital transformation processes. For them it is granted a 250% hyper depreciation, which increase to 150% the purchase cost for the tax deduction; note that, if the material asset is purchased along with the embedded software required for its operation, the software also benefits from depreciation.
The Stability Law defines intangible assets, functional to the technological and / or digital transformation, the software, systems and system integration, platforms and applications: for their purchase it is granted a 140% super depreciation, thus taking advantage of a 40% surcharge for tax deduction. This, provided that the company uses the 250% depreciation, but regardless of whether the software is or is not related to the facilitated asset.
In order to benefit from amortization, the asset must be interconnected, ie it must exchange information with internal or external systems by means of a proven method-based connection (eg TCPIP, HTTP, MQTT) and must be uniquely identified (eg via IP address). The facilities also require a declaration by the legal representative or (if the value of the asset exceeds 500,000 EUR;) a sworn technical report issued by a professional or accredited institution, attesting that requirements are met.Tax incentives are allowed for investments made by December 31, 2017 or by June 30, 2018, provided that at 31 December 2017 the order is accepted and at least 20% of the acquisition cost has been paid.
With a press release and 4 / E document, the Revenue Agency provides some indications to answer technical and tax doubts about super and hyper -depreciation: it is possible, for example, to verify, with the technical opinion of the Ministry of Economic Development, the facilitation eligibility, to ask the Tax Agency for tax-related doubts, or to acquire the technical opinion of the Ministry about the issue of 140% immaterial assets.
Companies operating in the industrial and manufacturing sectors will find significant opportunities to improve business processes through the purchase of specified goods, that include many Zucchetti solutions. Among those covered by the 140% super depreciation for intangible assets, we find business intelligence and analytics solutions, plant and equipment maintenance management, monitoring and analysis of energy consumption, IOT applications, software and systems for the protection of networks and information and, of course, production and logistics management and Enterprise Resource Planning software, such as Mago4.
And that's not all. In Zucchetti world we find hardware and systems devices for security, access control, attendance detection, production data collection, intended as new material instrumental assets, which are also subject to 140% super-depreciation; 250% amortization includes the 3D systems and printers provided by the Group as well as goods, machines and systems to which Zucchetti can integrate its safety, security, energy and environmental projects, maintenance technical control, production management, and so on.
4.0 Industry Plan also includes other significant measures, including the so-called New Sabatini, that aims to support - through a subsidized contribution from 2.75% to 3.57% in the case of investments in 4.0 industry technology - micro, small and medium-sized enterprises of any product sector that require bank financing for investments in new material goods, machinery, plant, factory production equipment and digital technologies (both hardware and software). This benefit can be cumulated with hyper and super depreciation. Again, Mago4, the specialized ERP for SMEs, can represent an investment included in the measure.
For more details on 4.0 Industry Plan, you can consult the Guidelines of the Ministry of Economic Development. You can also have a look at Zucchetti's industry offer at www.software-industria.it.