Flexibility and Oversight: Proposed Amendments to Italy’s Superbonus Decree

The Superbonus Decree, which offers tax deductions to businesses and individuals who invest in certain activities, is facing proposed amendments. These changes suggest extending the distribution of the deduction into more annual installments. Both the majority and opposition representatives have put forth these suggestions, including senators from Lega, FI, M5s, and IV.

One of the proposed amendments suggests that starting in the 2024 tax period, taxpayers can choose to divide the deduction for expenses incurred from January 1st to December 31st, 2023, into ten annual installments of the same amount. This change would provide more flexibility for individuals and businesses looking to take advantage of the deduction without having to allocate a large sum of money upfront.

Another amendment proposed by Senator Massimo Garavaglia of the Northern League focuses on municipal involvement in investigating illicit acts related to the Superbonus. Under this amendment, Municipalities would receive a share equal to 50 percent of major sums definitively collected as well as penalties applied for uncovering undue deductions and non-existent or non-due tax credits. This would incentivize municipalities to actively monitor and enforce compliance with the Superbonus rules.

The verification activity outlined in this amendment involves sharing data related to the start of works or qualifications with Enea and the Revenue Agency as well as other control activities to ensure that deductions are accurately applied. These amendments aim to improve oversight and distribution of the Superbonus deduction while benefiting both taxpayers and government in ensuring compliance and maximizing resources.