Transition 5.0, solution on hyper-amortisation postponed
The tax decree with the cancellation of the 'made in Eu' clause is postponed. The Mef meanwhile prepares a 'law communiqué' to reassure businesses
of C.Fo.
Everything postponed, once again, for the incentives of the Transition 5.0 programme. With the postponement of the fiscal decree, initially scheduled for the Council of Ministers on 10 March, the regulation that should cancel the 'made in Eu' clause included in the new plan also remains pending. However, the Ministry of the Economy is expected to publish at least a 'communiqué-law' in the next few hours, which, while waiting for the decree, will in any case provide a message of clarity to companies. The 'comunicato legge' will point out, precisely, that the territorial requirement will be cancelled. A useful clarification for those who were planning to purchase goods produced in factories outside the territory of the EU or the European Economic Area.
The Transition 5.0 plan is supposed to support investments made as early as 1 January 2026 (and until 30 September 2028) with the tax hyper-amortisation, but everything has been at a standstill since the beginning of the year, waiting for the implementing decree to be issued. In turn, however, the implementing decree, which was sent in draft by the Ministry of Enterprise and Made in Italy to the Ministry of the Economy at the beginning of January, cannot reach the finishing line until the 'Made in Eu' clause, a restriction on the goods that can be purchased that immediately appeared very controversial, is corrected.
Stop the territorial requirement
The two competent ministries, after weeks of uncertainty, have indeed agreed on the elimination of the territorial requirement, which would have the effect of considerably limiting the range of goods that can be purchased with the incentive and of cutting out non-EU suppliers offering products that are in any case competitive, such as those from the United States, Japan or Korea as well as those from China, which immediately seemed to be the real target of the initiative. It was decided to include the correction in the Fiscal Decree, which could, however, slip by a few weeks. And considering that, once the agreement of the Ministry of the Economy has been obtained, the implementing decree will in any case have to be scrutinised by the Court of Auditors, the risk of having the rules in late spring is becoming more and more concrete.
Unexpected delays for what had been presented as the main industrial policy measure of the manoeuvre. And then there is what is perhaps the biggest question. No one knows, as things stand, how many projects will be able to be rescued from among those that had been submitted under the old Transition 5.0 plan, i.e. for access to the tax credit, and had ended up on the waiting list after the resources were exhausted.
