/ Magazine / Editorial / For giving a boost to industrial policy…

For giving a boost to industrial policy…

Marzio Nava

The die is cast, as Caesar said in 49 B.C. when deciding to cross the Rubicon River with his army. The challenge has been launched, or rather the promise has been made by Minister Adolfo Urso, “by the end of June, will be implementing decrees”.

But decrees for implementing what? For 5.0 Transition, more specifically.
It's been too long since the market has been waiting, hoping that the measure represents the necessary fuel to revitalize industrial policy. As wisely highlighted by our expert Roberto Diaferia in the column of Diritto, Fisco&Lavoro (which provides a comprehensive reconstruction of the measure), the timeframe is very tight, and anxiety is rising among entrepreneurs, operators, and interested users.

The deadline is December 31, 2025. It's necessary to adapt the machines to the new criteria, push orders, optimize production, deliver the machines, and, last but not least, support the customer in the certification of the system. But what does it mean “certified expertise”?

Certified expertise is a technical compliance report prepared by an expert evaluator that is attesting the technical, qualitative, and quantitative characteristics of a capital asset in order to take advantage of the benefits provided. All to avoid headaches and further disputes. An essential
element, the certification, to avoid future problems given the significant amount of money at stake through tax credits. Currently, the situation seems quite worrying; the demand for machinery is stagnant, and manufacturers are struggling due to uncertainty. In economics, uncertainty has a paralyzing effect as it is associated with a lack of information. This uncertainty is geopolitical due
to the Middle Eastern conflict, Eastern Europe in flames, and the upcoming elections in Europe and in the United States. But it's also regulatory uncertainty, as we have already mentioned.

4.0 Transition is fading away and remains a nice memory while 5.0 Transition is still in a continuous waiting. For making the situation even more difficult, the Government has decided that for the old 4.0 Transition the companies are obliged to communicate the value of the investment and the distribution of the tax credit in relation to the annual amount - required by the State General Accounting Office - which has destabilized the market and created mistrust among entrepreneurs willing to invest.

Furthermore, 5.0 Transition provides a tax credit of up to 45% , while the 4.0 measure stops at 20%. And the two incentives cannot be combined. Uncertainty prevails, hopefully the summer will bring some clarity

Share

Read also