07/16/2020 – The Superbonus is law. Enhanced tax deductions will soon become operational, with a rate of 110%, for those who make a thermal coat, replace existing heating systems with condensing and heat pump boilers, install photovoltaic panels and charging stations for electric cars and reduce the risk seismic of buildings.
With 159 in favor, 121 against and no abstention, the Senate voted confidence in the government on conversion bill of the Relaunch Decree (DL 34/2020). The law must now be published in the Official Journal. Starting from the entry into force of the law, the deadlines for the approval of the implementing measures and decrees are in place, highly anticipated by taxpayers and sector operators.
Superbonus 110% until December 31, 2021
The Senate has confirmed the text without modification approved by the Chamber of Deputies on July 8th. The enhanced deductions will be in effect until December 31, 2021 (June 30, 2022 for social housing buildings). Condominiums, natural persons outside the exercise of business activities, arts and professions, independent institutes of public housing (IACP) however called, housing cooperatives undivided property, non-profit organization, voluntary associations and amateur sports associations and societies (ASD), only for work in the changing rooms.
Superbonus 110%, implementation rules coming soon
The implementing rules incoming are:
– the provision of the Revenue Agency with the rules on invoice discount and credit transfer, which must be approved within 30 days of the entry into force of the law;
– the decree on expenditure ceilings and cost ceilings interventions, on which professionals will have to rely for the release of assertions;
– the decree of the Ministry of Economic Development (Stake) in the manner of transmission of assertions to Enea, to be approved within 30 days from the entry into force of the law.
Superbonus 110%: invoice discount and credit transfer
Within 30 days from the entry into force of the law, the Inland Revenue will approve the rules on invoice discount and credit transfer. This is the measure most awaited by taxpayers because it should make it possible for the Government’s slogan to implement the interventions at no cost, solving the liquidity problem that often discourages the redevelopment of buildings.
The measure should also resolve the difficulties that small businesses encounter in anticipating the resources needed to carry out the works.
Superbonus 110%, spending limits and cost ceilings
IS being defined the decree on expenditure ceilings and cost ceilings for each intervention. According to the approved law, both to obtain the deduction and to opt for the discount on the invoice or the assignment of credit, the taxpayer must acquire the assertion that certifies compliance with the requirements indicated in the decree, on which the Government is currently working. .
Superbonus 110%, transmission of assertions to ENEA
Within 30 days from the entry into force of the law, the MISE must approve a decree containing the operating procedures with which to transmit to ENEA the assertions on compliance with these requirements and that on the appropriateness of expenses incurred for the implementation of the interventions.
–
