Bonus for small investments

Large mesh facility for any small investment that is useful for the business. For example, tablets, smart phones or even office furniture. In fact, the tax credit for new investments is also due for the purchase of capital goods with a unit cost not exceeding € 516.46, regardless of whether the cost of the same is fully deducted in the tax period. or in several years through the amortization procedure. This is what was specified by the Revenue Agency in the circular dated 23/7/2021, n. 9 / E, in response to a specific question. But let’s go in order, remembering firstly that the costs related to the goods in question are deductible from business or self-employment income, alternatively, in full in the year in which the purchase was made, or in several years by applying the “tabular” depreciation coefficients to the cost (decree of the ministry of finance 31/12/1988). For the verification of the threshold of 516.46 euros, in the past the tax administration was able to specify (rm 4/1/1979, n. 1751) that the cost can be deducted in full in the year in which the assets they are purchased on condition that they are susceptible of autonomous use. For example, it is certainly not possible to include in this context the cost of acquiring a computer keyboard, even if of a value below the aforementioned threshold, as it is an asset that can only be used in the presence of a computer and as such is not susceptible to be used independently. Another aspect to specify concerns the necessary instrumentality of the same even where the cost is fully deducted during the year. The tax credit, in fact, is due only for the purchase of capital goods and not for the purchase of goods that exhaust their usefulness in the year in which they are purchased. The possibility of deducting the cost entirely during the year is in fact a simplification aimed at avoiding the taxpayer being obliged to deduct the depreciation rates over several years, with all the consequent accounting complications for capital goods of low cost. As mentioned, the Revenue Agency in the CM n. 9 / E has therefore correctly observed that the tax credit (typically the ordinary one of 6% or 10% depending on the period in which the asset was purchased) is calculated on the purchase cost and can be used in the foreseen time period. by the law (three or five annual installments rather than in a single annual installment depending on the applicable discipline). The management of the tax credit is therefore easier than what happened with reference to super amortization. In this regard, with the RM 24/11/2017, n. 145, the Agency had in fact distinguished two hypotheses:

  • if the cost is fully deducted in the year, the increase by way of super depreciation is also fully used in the year itself;
  • if the cost is deducted over several years with the application of the table coefficient envisaged in relation to the type of asset, the increase in super depreciation is also “spread” in the depreciation period.
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An aspect that deserves to be highlighted concerns the consequences deriving from the sale for consideration in the two years following the entry into operation of the assets. In fact, paragraph 1060 of the 2021 budget law provides for a mechanism for recovering the tax credit where the asset, once acquired and put into operation, is sold to third parties or destined for production facilities located abroad. In both cases, the tax credit is recalculated by excluding the relative cost from the original calculation basis. The mechanism in question applies to all goods that can benefit from the tax credit, including those with a unit cost not exceeding € 516.46. For these assets, especially if you choose to fully deduct the cost in the year with direct entry in the income statement (instead of recording them in the assets and applying a 100% depreciation), it may be more difficult to monitor subsequent events. For this reason it therefore seems preferable to “load” them in the asset book and proceed with full depreciation in such a way as to keep memory of the purchase of the assets themselves.

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