Tax credit launched to enable companies to purchase recovered materials

Tax credit launched for purchase of recovered materials

The subsidy is intended for companies that purchased products and packaging made from recovered materials in 2019 and 2020.
Applications may only be submitted electronically, on the Invitalia PA Digitale platform, until the deadline of 22 April 2022. The requirements and certifications needed to identify the types of recovered products and packaging eligible to access the subsidy were set out in Ministerial Decree 33 of 14 December 2021, published in the Official Gazette of 9 February 2022.
A SPID digital identity is required to submit applications.
The subsidy provides a refund for the purchase of recovered products and packaging, in the form of a tax credit, equal to 36% of the expenses incurred in 2019 and 2020, up to a maximum of €20,000 per year for each beneficiary company, with an overall limit of €1 million paid out each year. The tax credit may not be combined with any other subsidy relating to the same expenses.
The contribution does not count towards income or the IRAP tax base, nor to the ratio for the deductibility of interest payable, and must be entered in the tax return for the tax period in which the credit is paid out.
The subsidy is available until 22 April 2022 and applications can be submitted via the online platform.
Tax credits are granted in the order in which applications are submitted and until the resources allocated have been used up.
Within 90 days of the date of submission of individual applications, the Ministry of Ecological Transition will notify each company of the outcome of the application and, if successful, the amount of the contribution.