“Aiuti ter” decree Approved by the Cdm: in our article we will identify the most important measures.
The Aiuti ter decree: enhanced tax credits
A difficult year lies ahead for Italian families and businesses. Energy crisis is here, and little room for maneuver is predicted by experts for the new government, while Europe would need “a compactness that is not taken for granted,” as economist Michele Polo stated.
Meanwhile, what is happening to support businesses? Last Friday, September 16, the measure that establishes extended and enhanced electricity and gas tax credits for energy-intensive industries (click here to read the draft) was approved (a credit for small businesses is also planned). The measure was approved by the Council of Ministers and in total allocates €14 billion.
In addition, fuel tax cuts are also planned until Oct. 31. On the other hand, the case for the “Aiuti bis” decree with news on the Superbonus and other energy measures has been filed, although the text has not been approved by the Senate yet. Finally, the new regulations of the “Aiuti ter” decree are about to be published.
The Aiuti ter decree explained
The main measures of the decree, outlined by Prime Minister Mario Draghi, include the extension and strengthening of tax credits for industries with high energy consumption, the extension of the fuel excise tax cut, as well as various interventions for business liquidity.
To be clearer: the decree extends to October and November 2022 the tax credits for electricity and gas to businesses and strengthens them; these credits increase to 40% of the expenses incurred for electricity and gas purchases, by energy-intensive companies.
For different uses other than thermoelectric, companies other than those with high gas consumption will also be eligible for the same 40% credit.
The measure also provides a 30% tax credit for electricity expenses, granted to companies with meters with an available power of 4.5 kW or more, other than energy-intensive companies.”
This scheme will continue until Sept. 30, 2022, with credits of 25% (for businesses with high consumption) and 15% for businesses with meters with available power of 16.5 kW or more.
What about fuels? As for fuels, tax cuts on diesel, gasoline, LPG and natural gas are extended until October 31, 2022.
Regarding bank loans granted at the lowest rate (in line with the Btp) for the payment of energy bills, companies struggling with high utility bills will be able to obtain free guarantees from Sace (Insurance and Financial Services for Business)
Regarding the new regasification capacity, the decree is enriched with an article (14-bis) to dl 50/2022, according to which “the provisions of this article shall apply to applications submitted pursuant to paragraph 5 even if, during the authorization referred to in paragraph 2, prescriptions are imposed, factors arise that impose substantial changes or alternative locations.”
Finally, for the extra profits from renewables under Decree 4/2022 (Article 15-bis), it is provided that the relevant proceeds “shall be paid by the GSE by November 30, 2022, on a cumulative basis for the period from February to August 2022 and on a monthly basis for the following months, to the State budget and shall remain acquired by the Treasury up to the total amount of 3,400 million euros.”
Tamarri S.r.l is aware of the difficult times companies are facing. As always, we will be present and efficient to offer you the best products at competitive prices. 👌