Tax Credit

Technological Innovation 2021 – 2022

A tax measure that aims to reward the efforts made by companies in developing innovative activities and allows for up to 100% compensation of the tax share, thus increasing competitiveness and encouraging continuous improvement of products and processes.

Scope

Technological Innovation

Production and testing of new or substantially improved products, processes, and services.

Who can

benefit?

All undertakings resident in the territory of the State, including permanent establishments of non-residents, are eligible, regardless of their legal form, economic sector, size, and the tax regime for determining the income of the undertaking.

Use

of the credit

The credit can be offset in three equal annual installments.

Our

service

Our activity, as expert consultants in the management of the Tax Credit for Technological Innovation, consists in identifying the activities and related eligible expenses, thus improving the ability to take advantage of the tax benefits.

Eligible expenses

The tax credit is granted at a rate of 10% of eligible expenses for Technological Innovation and 15% of eligible expenses for Technological Innovation 4.0, up to a maximum of EUR 2M in three annual installments.

  • Holder of an employment or self-employment relationship or other relationship other than employment.
  • Personnel expenses relating to persons aged <=35 years, in their first job, in possession of a research doctorate or enrolled in a doctorate cycle or in possession of a master’s degree in technical or scientific disciplines, hired by the company with a permanent employment contract and employed exclusively in technological innovation work, contribute to forming the basis for calculating the tax credit for an amount equal to 150% of their amount.
  • Depreciation allowances, lease or leaseback payments and other expenses relating to movable tangible property and software up to an aggregate maximum of 30% of the personnel expenses under (a).
  • The entities commissioning the projects must be tax resident or located in other EU Member States or in States party to the EEA Agreement or in States included in the list referred to in the Decree of the Minister of Finance of 4 September 1996.
  • Consultancy and equivalent services up to an overall limit of 20% of the eligible personnel
    costs referred to in (a), or of the eligible costs referred to in (c).
  • Materials, supplies and other similar products also for the construction of prototypes or pilot plants, up to a maximum of 30% of the personnel costs under (a) or of contracts under (c).
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