With the 2017 Budget Law, the Italian State launched the National Industry 4.0 Plan by extending the possibility for Italian companies to benefit from tax benefits for purchases of capital goods made by December 31, 2017, with the extension of the “super depreciation” and the introduction of additional benefits. On December 23, the final text of the Stability Law 2018 was approved, which confirms the extension of tax incentives for investments made by companies in the context of Industry 4.0.
We have developed an extremely streamlined methodology to assess the opportunity to make investments from an Industry 4.0 perspective and make them immediately operational.
The first step consists of a preliminary analysis to verify the macro requirements of the investment project against the prescriptions provided by the Stability Law to access the benefits of the Industry 4.0 plan.
The objective of this phase is to analyse in detail the technical characteristics of the investment object, based on the specifications and documentation provided by the manufacturer. The context in which the asset is intended to be inserted is also examined.
The specificities of the customer context, the sector in which they operate, and the investment may suggest the need to verify certain aspects of the investment initiative by formally requesting an opinion from the Ministry of Economic Development. In this phase, we support all formal and technical aspects underlying the inquiry.
In this phase, all previous phases are synthesized into a document that illustrates the characteristics of the investment and its eligibility for the benefits of the Stability Law.
In this phase, support is provided for the issuance of the certificate of conformity through an accredited certification partner.
Not just Industry
In the first year of the National Industry 4.0 Plan's entry into force, we have experimented with the application of tax incentives not only on traditional productive industries in the strict sense. The Revenue Agency and the Ministry of Economic Development have reiterated on several occasions, through circulars and FAQs, that the concept of a traditional factory as the place where the product is physically produced is outdated in favour of a conception of the production process capable of integrating physical and virtual resources - located anywhere on the territory and/or on the web - and making them available and usable in a multitude of places. The areas of application, therefore, are much broader than manufacturing and process industries and affect the entire supply chain, from production phases to the distribution of products to final customers.