Italy Update: Energy and gas tax credits: extension and strengthening

The Aiuti-ter decree-law approved by the Council of Ministers on September 16 extends the energy tax credit to a wider audience, increases the percentage and extends it until November.

Among the novelties there is:

• extension of the tax credit in favor of companies for the purchase of electricity and natural gas that is extended to consumption in October and November;
• for energy-intensive companies, an increase in the tax credit from 25% to 40% of the expenses incurred for the energy component purchased and used in October and November 2022, if the increase in the average unit cost of kWh in the third quarter of 2022 exceeds by at least 30% the corresponding value of the third quarter of 2019; the facilitation is also recognized to energy-intensive companies that produce and self-consume electricity;
• for non-energy-intensive companies, an increase in the tax credit from 15% to 30% of the expenses incurred for the energy component purchased and used in October and November 2022, if the increase in the average unit cost of kWh in the third quarter of 2022 exceeds by at least 30% the corresponding value of the third quarter of 2019;
• always for non-energy-intensive companies, the technical requirement relating to the available power is relaxed: for consumption relating to the months of October and November it is sufficient to have a power meter equal to or greater than 4.5 kWh, against the 16.5 kWh previously established;
• for gas and non-gas companies increase in credit from 25% to 40% for non-thermoelectric consumption in October and November 2020.

By Quorum, Italy, a Transatlantic Law International Affiliated Firm. 

For further information or for any assistance please contact italy@transatlanticlaw.com

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