New tax credits for businesses
According to the indications contained in a note published by Palazzo Chigi after the unanimous green light for the provision, the decree introduces some tax credits. In particular, to companies equipped with electricity meters with available power equal to or greater than 16.5 kW, other than companies with a high consumption of electricity, the credit is equal to 12% of the expenditure incurred for the purchase of the energy component. actually used in the second quarter of 2022 and is recognized if its price, calculated on the basis of the average referring to the first quarter of 2022, has undergone an increase in the cost per kWh of more than 30% of the corresponding average price referring to the same quarter of the year 2019. To companies other than those with a high consumption of natural gas, the credit is equal to 20% of the expenditure incurred for the purchase of gas, consumed in the second quarter of the year 2022, for energy uses other than thermoelectric uses, if the reference price of natural gas, calculated as the average, referring to the first quarter of 2022, of the reference prices published by the Market Operator and rgetici (GME), has undergone an increase of more than 30% of the corresponding average price referring to the same quarter of 2019. This last tax credit relating to electricity consumption is transferable to other subjects, including credit institutions and other financial intermediaries, without the right of subsequent transfer, without prejudice to the possibility of two further transfers only if made in favor of banks and financial intermediaries, companies belonging to a banking group or insurance companies authorized to operate in Italy.
The transferability is also extended to the tax credit already recognized to energy-intensive companies and to heavy consumption of natural gas (decrees law 4/2022 and 17/2022).
Those already recognized to energy-intensive companies have been strengthened
Finally, the tax credits, already recognized by the legislative decree 17/2020, are “enhanced”, and in particular that in favor of energy-intensive companies (from 20% to 25%), and that in favor of companies with a high consumption of natural gas (from 15% to 20%).
Bills in 24 installments for companies in difficulty
Companies based in Italy, final customers of electricity and natural gas, can request their suppliers to pay in installments the amounts due for energy consumption for the months of May 2022 and June 2022. The maximum number of monthly installments cannot be higher than 24. To support the specific liquidity needs deriving from the installment plans granted by electricity and natural gas suppliers, Sace issues guarantees in favor of banks, national and international financial institutions and other entities authorized to exercise credit within a maximum limit of commitments of € 9 billion and can grant guarantees, in favor of insurance companies, equal to 90% of the indemnities generated by exposures relating to receivables claimed by electricity and natural gas suppliers.