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110% bonus: the complex system of fulfilments

In the November edition of TopHic, our experts provide some insights on the 110% bonus, a tax allowance introduced by the so-called “Rilancio” Decree, by analysing the fulfilments that are required to obtain it. This regulation was introduced by the Government to relaunch the Italian economic system that has been strongly affected by the Covid-19 pandemic emergency.

This TopHic edition will particularly focus on the transfer of the tax credit as investment opportunity, the alternatives to the so-called Superbonus that, based on the first draft version of the 2021 Budget Law, should be extended to the next year, but also the critical aspects of the regulation, due in particular to the several fulfilments required. Particular attention is dedicated to those fulfilments related to certifications and stamps of approval, also necessary for ordinary fulfilments, that are required in case the taxpayer intends to utilize such bonus as a discount on invoices or as transfer of tax credit.

Overview - Transfer of tax credit as investment opportunity

By Sergio Montedoro - Partner of Bernoni Grant Thornton

Art. 121 of Law Decree dated 19 May 2020, no. 34, turned into Law dated 17 July 2020, no. 77, so-called “Rilancio” Decree, provides for the possibility – with reference to cost incurred in 2020 and 2021 – to benefit from some tax deductions as concerns construction and energy improvement interventions, in the form of tax credit or discounts on considerations [...]

Expert's opinion - Available alternatives to the 110% Supebonus

By Federico Feroci - Partner of Bernoni Grant Thornton

The 110% Superbonus is a tax benefit introduced under the so-called “Relaunch” Decree (art. 119 of Law Decree no. 34 dated 19 May 2020, converted by Law no. 77 dated 17 July 2020), which increased up to 110% the deduction rate of expenses borne for specific works aimed at improving energy efficiency and anti-seismic features of buildings […]

Focus on - Controls needed according to CNDCEC and the Revenue Office

By Davide Savian - Partner of Bernoni Grant Thornton

The so-called Superbonus provisions under art. 119 of Law Decree no. 34 dated 19 May 2020 (so-called “Rilancio” Decree) are aimed at incentivizing expenses relevant to specific intervention for the improvement of energy efficiency and the reduction of seismic risks, borne from 1st July 2020 to 31st December 2021 (“major” works), as well as to further interventions […]