The agricultural enterprise networks who have made digital investments to enable or enhance e-commerce have until 20 October to submit their application and obtain a 40% tax credit. This is what the E-Commerce Agriculture Bonus, introduced by the latest Budget Law which encourages investments made for the construction or expansion of IT infrastructures aimed at strengthening electronic commerce. It can be used by the networks of agricultural or agri-food companies, also constituted in a cooperative form or united in consortia or adhering to the regulations of the “wine routes“.
How does it work
Il credit can be used for each of the tax periods ranging from 2021 to 2023 and cannot exceed 50 thousand euros. The limits change according to the size and type of business: 50 thousand euros for SMEs operating in primary production of agricultural products, 25 thousand euros for large companies in the same sector, 50 thousand euros for agri-food SMEs.
I’m IT investments are facilitated to create e-commerce services and thus improve the potential for distance selling to end customers residing outside the national territory. It also includes those for activities and projects linked to the increase in exports, supported in the context of technological equipment and software and the development of databases and security systems. The year following the one in which the investments were made, the relative communication must be sent. For 2022, the time window to broadcast them from 20 September to 20 October. In 2023, it will be sent from February 15th to March 15th.
Where to find the template for the application
The rules are set by a provision of theRevenue Agency of 20 May 2022, which also contains the model to be used, together with the compilation instructions and the technical specifications for sending. Within 10 days of the expiry of the application submission deadline, an Inland Revenue provision will disclose the percentage of tax credit due to each applicant, based on the requests received and taking into account the spending limit of 5 million established by law. .