Objectives of the Transition Plan 5.0
One of the main objectives of the Transition Plan 5.0 is to encourage Italian companies to reduce your energy consumption through a regime of tax credit.
The implementing decree regulates the implementation methods of the Transition Plan 5.0 (Law 29 April 2024, n. 56) and the purpose is to recognize a tax credit to businesses that they carry out new investments in production facilities located on the national territory, within the scope of innovation projects from which a result follows reduction of energy consumption.
Beneficiaries and requirements
All companies can access the benefits of the Transition Plan 5.0 companies resident in the territory of the State and permanent establishments in the territory of the State of non-resident entities, regardless of their legal form, economic sector and size.
They are excluded companies in a state of voluntary liquidation, bankruptcy, recipients of interdictory sanctions and which do not comply with the regulations on safety in the workplace applicable in each sector and in default with the obligations to pay social security and welfare contributions in favour of workers.
Innovation projects must lead to a significant reduction in energy consumption. The tax credit is reserved for investments in new tangible and intangible assets that contribute to improving the energy efficiency of production facilities. The innovation project is intended completed on the date of the last investment that composes it.
Companies must also ensure the respect for the principle “Do no significant harm” (DNSH) to environmental objectives.
How to access and use the tax credit
Interested companies must submit a preventive communication to GSE (Energy Services Manager), indicating the innovation project, the planned investments and the amount of the tax credit potentially due.
The GSE within five days from the transmission of the preventive communication, communicates to the company the data or documentation to be integrate within ten days. If the documentation transmitted within the aforementioned terms is suitable to overcome the deficiencies found, the GSE, within five days of submission, communicate to the company the amount of the booked tax creditwithin the limits of available resources.
The tax credit is usable exclusively for compensationvia the F24 telematic form and cannot be assigned or transferred. The credit does not contribute to the formation of taxable income and is not relevant for the purposes of IRAP (Regional Tax on Productive Activities). The tax credit can be used in one or more installments by December 31, 2025.
Compliance and controls
The GSE is responsible for monitoring available resources and verifying the conformity of projects with the plan objectives. Companies must maintain all documentation relating to investments and are subject to checks and verifications to ensure the correctness of the declarations provided.
The reduction of energy consumption is certified with specific technical certificationsissued by one or more independent evaluators in the form of certified appraisals.
Businesses may lose their right to the tax credit in the event of the sale of subsidized goods before the established deadline, failure to achieve the expected energy saving results or false declarations. In such cases, the GSE will recover the sums unduly received.
