Transition 5.0: €4.2 Billion Tax Credit Claims & 20K Applications

by drbyos

Per Adolfo Ursothe plan Transition 5.0 “It wasn’t a flop, but a success.” In a climate heated with the opposition, during the Senate question time, the head of the Ministry of Enterprise and Made in Italy announces that the requests submitted they were just under 20 thousand.

4.25 billion in tax credits requested

The tax credit requested was therefore 4.25 billion euros. Therefore, an «amount of investments activated of 9 billion euros».

It remains “legitimate to think – added Urso – that with correct communication to companies the results would have been more significant”.

The intervention in Maneuver

Urso recalled the intervention with the latest budget law, which allocated another 1.3 billion to be allocated, however, to the 4.0 program, which provides tax credits with lower rates.

If the 5.0 plan was based on tax credits of up to 45% for investments under 10 million and, for those above, up to 15%, the 4.0 plan provides a tax credit of up to 20%.

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