The 2017 South Bonus is operational. The Revenue Agency has published on its website the new model for accessing the tax credit for investments in southern Italy, a measure introduced by the 2016 Stability Law and recently amended by the decree on Southern Italy. Unfortunately, the document is not immediately understandable, so the tax authorities have also created a PDF with the instructions for compiling it.
Entrepreneurs will be able to send the new model to the tax authorities from 27 April (see point 4) both to request the Sud Bonus from scratch and to renounce a previous request or correct communications already sent, including those presented to the Revenue Agency with the previous model.
1) SOUTH BONUS 2017, FOR WHOM IT IS INTENDED
The subsidy is intended for companies that acquire new capital goods (machinery, plant and equipment) for production facilities in Campania, Puglia, Basilicata, Calabria, Sicily, Molise, Sardinia and Abruzzo.
Companies active in the credit, financial, insurance, iron and steel, coal, shipbuilding, synthetic fibres, transport and related infrastructure, energy production and distribution sectors are excluded.
2) INVESTMENTS ACCEPTABLE WITH THE 2017 SOUTH BONUS
The 2017 Sud Bonus can only be used for investments made between 2016 January 31 and 2019 December XNUMX and intended for one of the following purposes:
– the construction of a new factory;
– the extension of an existing establishment;
– the diversification of the production of an establishment;
– the radical transformation of the production process of an existing plant;
– the reactivation of a closed establishment or which would have closed had it not been acquired by the company.
Therefore, all operations that do not have to do with an initial investment are therefore excluded from the 2017 South Bonus, for example those intended to replace individual capital goods. Investments in real estate and vehicles are also not eligible.
3) BONUS SUD 2017, THE MEASUREMENT OF THE TAX CREDIT
The discount is provided for investments of a maximum amount equal to:
– 3 million for small businesses;
– 10 million for medium-sized enterprises;
– 15 million for large companies.
The percentage of the tax credit varies by region and company size.
In Campania, Puglia, Basilicata, Calabria, Sicily and Sardinia the following thresholds are foreseen:
– 45% for small businesses;
– 35% for medium-sized enterprises;
– 25% for large companies.
In Molise and Abruzzo, on the other hand, the amount of credit is lower:
– 30% for small businesses;
– 20% for medium-sized enterprises;
– 10% for large companies.
4) BONUS SUD, THE PROCESS TO ACCESS THE TAX CREDIT
With the new model it is possible to present one or more communications, even in the same year, each concerning one or more projects. The communication must be sent via Entratel or Fisconline until 31 December 2019 and can be sent directly (by subjects authorized by the Agency or by a group company, in the case of a corporate group) or through an intermediary (professionals, trade associations, Caf, other subjects).
The new model will be transmitted with the "CIM17" software, which will be available free of charge on the website of the Revenue Agency from 27 April 2017. For each communication, the tax authorities will issue a receipt which will indicate whether or not the Sud Bonus can be used. From the fifth day following the date of issue of the receipt, the beneficiary will be able to use the accrued credit as compensation using the F24 form to be presented by telematics.
For more information, read Circular No. 12/E of the Revenue Agency.
