On 6 November 2024, the Revenue Agency made available the new version of the communication model for requesting the tax credit intended for investments in the single SEZ, made official by the director Ernesto Maria Ruffini.
This initiative offers investors new opportunities for relief and greater flexibility in indicating the investments made, including additional ones and those of a higher amount than previously declared.
But what does this update specifically mean? How do the requirements and methods for taking advantage of the tax credit change?
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What is the single SEZ?
The unique Special Economic Zone (SEZ) is a specific area of the Italian territory where companies can obtain fiscal, economic and administrative benefits to encourage economic growth.
Created to enhance previous SEZs, the single SEZ aims to incentivize companies to invest in strategic areas, thus contributing to industrial development and the creation of new jobs. Companies operating in these areas can benefit from advantages such as investment tax credit and simplified bureaucratic procedures, making it more convenient to start or expand manufacturing activities in these areas.
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What are the new features of the provision
The new communication model replaces the one approved on 9 September, introducing the possibility for interested parties to declare additional investments compared to what was initially communicated, or to include investments of a higher amount.
The provision therefore expands the possibility of accessing the tax credit for those who have incurred additional expenses, giving them the opportunity to update and integrate their position.
This change is particularly relevant for those who made additional investments between January 1 and November 15, 2024, the period specified as eligible.
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The specifics of the update: the role of legislative decree no. 155/2024
The update to the communication model finds its basis in article 8 of legislative decree no. 155/2024. This decree introduced the possibility for beneficiaries to expand the declaration of investments, including those made between the beginning of the year (1 January 2024) and 15 November 2024, even if a previous communication had already been sent pursuant to the Article 5, paragraph 1, of the same decree.
In practice, this means that those who have made additional investments compared to those previously declared can now officially communicate them, together with the evidentiary documentation and the calculation of the greater tax credit accrued.
The inclusion of these new options could incentivize further investments in strategic areas, providing greater freedom to economic operators wishing to take advantage of the tax benefits provided in Special Economic Zones.
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How to access the new model and present the supplementary communication
The updated communication model is now available directly on the Revenue Agency website and represents a fundamental document for individuals who intend to integrate or correct their declaration of investments in the single SEZ.
To use the new model, beneficiaries must access the reserved area of the portal and follow the instructions provided. The platform allows you to upload the necessary evidentiary documentation, specifying the overall amount of additional investments and automatically calculating the greater tax credit due.
Download the new template here
The objective of the Revenue Agency is to make access to tax incentives simpler and more transparent, ensuring that all interested parties can update their position easily and in full compliance with current legislation.
