Manoeuvre, 5.0 transition extended but with lower bonuses. Here is the new list of eligible assets

The Transition 5.0 plan is extended until September 2028, but in a scaled-down form. This is the compromise that emerges from the government's amendment to the budget bill filed in the Senate Budget Committee. At the same time, the new list of capital goods that can be purchased with the subsidy is inserted directly into the manoeuvre (through the reformulation of amendments by Forza Italia, Lega, and M5S approved on Thursday 18 in committee). This is an update of the old Annexes A and B of the 2017 manoeuvre, which launched the Industria 4.0 plan. Two very long lists (published here), between tangible and intangible assets, from which personal computers, notebooks, tablets, printers, scanners and office peripherals are in any case excluded.

The hyper-amortisation, which in the text that came out of the Council of Ministers referred to investments made from 1 to 31 December 2026, will be in force until 30 September 2028. But the super-amortisation that had been envisaged for investments aimed at the ecological transition is deleted. As a result, the surcharge on the purchase cost of capital goods, for income tax purposes, will be 180% up to EUR 2.5 million, 100% over EUR 2.5 million and up to 10 million, and 50% over EUR 10 million and up to EUR 50 million. Stop, therefore, the super bonuses that, for green investments, would have been 220%, 140% and 90% respectively. The amendment, then, contains another novelty in a restrictive key, namely the clause limiting the range of goods that can be purchased with the hyper-amortisation to those produced in the EU or in a State of the Agreement on the European Economic Area.

As for the entry into force of the facilitation, it will inevitably be postponed from 1 January 2026 because there will still be a need for an implementing decree. In spite of the eve's expectations, in fact, the amendment does not cancel the provision for a decree of the Ministry of Enterprise and Made in Italy, in agreement with the Economy, to be adopted within 30 days of the law coming into force, with which the procedure for accessing the benefit and the methods for transmitting communications and certifications will have to be defined. In any case, the elimination of the super bonus for green investments automatically eliminates the hypothesis of using self-certifications on the achievement of energy savings, which are no longer a requirement for obtaining the benefit.

"We have kept our commitments to the companies," commented the Minister for Enterprise and Made in Italy, Adolfo Urso, yesterday. In actual fact, with regard to the repechasing of all the companies that had been left out of the Transition 4.0 tax credits if the Transition 5.0 ones due to exhaustion of funds, the government's amendment still leaves doubts to be clarified. Because the planned allocation, from the reprogrammed funds of the NRP, is EUR 1.3 billion, but the regulation explicitly refers only to the Transition 4.o programme. Moreover, according to some estimates, the amount of projects that have exceeded the two plafonds (EUR 2.2 billion for 4.0 and EUR 2.5 billion for 5.0), would be more than EUR 1.8 billion, although it should be borne in mind that some of the investments may not be completed by the deadline for accessing the subsidy, i.e. 31 December 2025. The situation, therefore, does not yet appear clearly defined, also because in the meantime no data has been released on how many companies have exercised the option between the two different tax credits.