On March 30 it was published Circular no. 4 / E (available here), Prepared jointly by the Inland Revenue and the Ministry of Economic Development, with fiscal and technical explanations for the correct application of Super and Hyper Amortization.
The practice document provides clarifications on the tax measures introduced to boost the modernization of companies and their technological and digital transformation. In particular, the 2017 Budget Law provided for the extension of the super amortization and introduced the hyper amortization, an increase of 150% of the purchase cost of certain assets for the purposes of deducting amortization and financial lease installments.
The circular also provides guidance on the further increase of 40% on the purchase cost of intangible capital goods (including some software, IT systems and system integration activities), also regulated by the Law of Budget for persons eligible already hyper depreciation.
It is important to underline that hyper-depreciation is due only to the extent to which the asset complies with the guidelines drawn up by the Ministry of Economic Development (MISE), provided by the circular for each type of machine.
In case of doubts about the admissibility to the facilitation of a specific machine, it is possible to request a technical opinion from Mise; if the uncertainty related to the subsidy is, instead, of a fiscal nature, it is possible to present ordinary appeals to the Revenue Agency.