When running a business, it’s essential to effectively manage both the production and financial aspects. In this context, the tax credit is a benefit provided by the State to support companies investing in tangible and intangible assets. The Tax Credit 4.0 supports the implementation of what is commonly referred to as Industry 4.0 the process of industrial automation which, through the use of network connectivity, aims to optimize and speed up production. The goal of this latest industrial revolution is to automate and make industrial production systems more efficient and interconnected.

What is the tax credit 4.0?

While the tax credit is a benefit that companies can request from the State to offset potential debts, the Tax Credit 4.0 part of the Transition 4.0 plan specifically concerns investments in new capital goods, both tangible and intangible, aimed at the technological and digital transformation of production processes within companies operating in the country. Among the tangible goods recognized under the 4.0 bonus are industrial extraction and cooling systems, provided they are equipped with filtration. According to Annex “A” of the Budget Law, it is possible to purchase a complete system with an incentive covering 50% of the purchase cost, up to a total value of €2.5 million.

How to apply for and who can access the tax credit?

To benefit from the Tax Credit 4.0, it is important to consider certain criteria and deadlines. Initially, this type of credit could only be requested until December 31, 2022, but the bonus was later extended until June 2023 and, in some cases, until 2025 (for the tangible goods 4.0 bonus). There are many potential beneficiaries of the tax credit promoted under Industry 4.0. In fact, all companies resident in the country can access it, regardless of their legal form, economic sector, size, or tax regime. However, two essential requirements must be met to take advantage of this benefit. Companies must:

comply with workplace safety regulations;
regularly pay employees the social security and welfare contributions owed to them under their employment contracts.

You can take advantage of the Tax Credit 4.0 by installing in your company an air extractor controlled by our cutting-edge Cerebro system. If you’d like to learn more, contact us for a consultation or a quote by email or phone.