Green light to the model and instructions for the tax credit on investments in the South, a measure introduced by the 2016 stability law. With a provision approved on Friday by the Revenue Agency, the model was published which owners of business income can be used to benefit from the tax credit for the purchase of new capital goods destined for production facilities located in Basilicata, Calabria, Campania, Puglia, Sicily, Molise, Sardinia and Abruzzo.
The subsidy, for which 617 million euros were allocated per year in the last maneuver, is due in relation to investments made from 2016 January 31 to 2019 December XNUMX. The tax credit is automatic and this feature makes it particularly interesting for entrepreneurs who intend to use it.
WHO CAN USE THE CREDIT
The tax credit can be used by individuals with business income with reference to investments linked to the purchase (also through financial leasing contracts) of machinery, plant and various equipment intended for already existing production structures or which are planted in the territory .
Subjects operating in the iron and steel, coal, shipbuilding, synthetic fibres, transport and related infrastructure, energy production and distribution and energy infrastructure sectors, as well as in the credit, financial and insurance. The facilitation does not even apply to companies in difficulty.
HOW TO SUBMIT THE MODEL
Interested companies must submit the communication exclusively electronically through the Fisconline or Entratel services, starting from 30 June 2016, directly or through the appointed intermediaries such as professionals, trade associations, Cafs and other subjects. The electronic transmission takes place using the "Creditoinvestimentisud" software, which will be available on the website www.agenziaentrate.it.
Download the form from the Revenue Agency website.
Download the compilation instructions from the Revenue Agency website.
HOW TO USE THE CREDIT
The beneficiary will be able to use the tax credit accrued only in compensation and exclusively through the telematic services of the Revenue Agency.
