Fashion Bonuses

To access the tax credit, which can only be used in compensation with the F24 form, you must notify the Tax Agency of the “increase in the value of final stocks”.

Fashion Bonuses

Fashion bonus 2022, applications from May 10

Applications for the fashion and textile grant began on Tuesday, May 10, 2022. All companies potentially benefiting from the grant will be able to send applications using the form prepared by the Revenue Agency.

In order to support companies active in the textile and fashion, footwear and leather goods sectors, the recovery decree provided a tax credit of 30% of the value of the final stockshigher than the average of the same value recorded in the 3 years preceding that of the benefit.

Fashion bonus 2022, how to get the discount

To access the tax credit, can only be used in compensation with the F24 modelit is necessary to notify the Revenue Agency of this “increase in the value of the final stocks”, in order to allow the identification, within the limits of the available resources, of the part of the credit actually usable.

Communication it must be sent exclusively electronicallydirectly by the taxpayer or through a person responsible for transmitting the declarations from May 10, 2022 to June 10, 2022, with reference to the taxable period in progress on December 31, 2021.

The credit is recognized exclusively under section 3.1 of the Communication from the European Commission C (2020) 1863 final, of 19 March 2020, on the “Temporary framework for State aid measures to support the economy in the current COVID -19 emergency”, and subsequent modifications. Therefore, with reference to this tax credit, it is in no case possible to use the higher ceilings provided for in section 3.12 of the aforementioned communication.

Bonus mode 2022, the declaration of substitution

The communication (attached) to be submitted from May 10 to June 10, 2022, with reference to the current fiscal period as of December 31, 2021has been modified following the approval (provision of April 27, 2022) of the self-declaration model general compliance with the requirements of the Temporary Framework (FT). self-declaration present in the first version of the communication has been replaced by a very simplified self-declaration with the sole purpose of complying with the requirements set out in section 3.1 of the TF. The declaration therefore no longer has a “substitute” effect for the general self-declaration (which must be made using the specific form recently approved). Other changes to the communication are:

the introduction of specific fields to indicate the amount that the beneficiary intends to repay, through a reduction of the textile premium, in the event of use of the state aid listed in art. 1, paragraph 13, of Legislative Decree no. 41 of 2021 beyond the pro tempore ceilings in force referred to in Articles 3.1 and 3.12 of the TF;

adjustment in the substitute declaration of the new ceilings applicable referred to in section 3.1 (equal to 290,000 euros for the agricultural sector, 345,000 euros for the fisheries and aquaculture sector, 2,300,000 euros for the various sectors);

introduction of additional activity codes for which the installation is recognised, following the extension of the subjective scope of the installation operated by art. 3, paragraph 3, of Legislative Decree no. 4 of 2022.

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