Tax Credit Assignment and 50% Invoice Discount – Budget Law 2022

With the Budget Law 2022, there are many extensions for the Home Bonus 2022, including Tax Credit Assignment and 50% Invoice Discount: the Government has indeed extended with the 2022 Bonuses also those related to the Home Bonus 2022, including those for the renovation of residential properties.

That’s not all: with the Budget Law 2022, the Home Bonus also includes measures for tax credit assignment and invoice discount with important new features.

Let’s proceed in order and first see which Bonuses have been extended:

SUPERBONUS 110%:

applied to energy efficiency works, photovoltaic system installations. Extension to 2023 under current conditions (and with decreasing rates until 2025) for condominiums and for all of 2022 on single-family homes.

ECOBONUS:

confirmed until 2024 to ensure energy efficiency of buildings with a deduction from 50% to 65% for energy efficiency improvements not covered by Superbonus 110.

RENOVATION BONUS:

renewed until 2024. This provides for an IRPEF deduction of 50% of expenses incurred up to a maximum ceiling of 96,000 Euros (VAT included). The Relaunch Decree also provides for the possibility of tax credit assignment or invoice discount in place of the deduction.

FURNITURE BONUS:

extended the possibility of 50% deduction for the purchase of furniture and Class A appliances. Its validity depends on the purchase of furniture used to furnish properties under renovation. The Bonus for 2022 equals a maximum ceiling of 10,000 Euros, while for 2023 and 2024 it will equal a maximum of 5,000 Euros.

As anticipated, for Superbonus 110%, Ecobonus and Renovation Bonus, the possibility has been confirmed to opt for tax credit assignment and invoice discount with extension until 2024 with important modifications found in paragraph 29, article 1 of the Budget text modified in the Senate.

TAX CREDIT ASSIGNMENT and 50% INVOICE DISCOUNT

To access tax credit assignment or invoice discount, the Anti-Fraud Decree of November 2021 has extended the mandatory compliance visa and price congruity certification to all construction bonuses, therefore, also to access the invoice discount or tax credit assignment for the Renovation Bonus, said visas and certifications will be necessary. With the Budget Law 2022, however, a limit has been introduced below which neither the compliance visa nor price congruity is required. Indeed, for works under 10,000€ or in free construction, these certifications are not necessary.

For tax credit assignment of ordinary home bonuses in the following cases, compliance visa and price congruity certification are always necessary:

• building heritage recovery and energy efficiency interventions
• adoption of anti-seismic measures
• recovery or restoration of existing building facades
• interventions for installing photovoltaic systems and charging stations for electric vehicles

Another important novelty of the Budget Law 2022 concerns the deductibility, according to the rate of the benefit enjoyed, also of expenses incurred to obtain the compliance visa and price congruity certification. This means that to benefit from tax credit assignment for the renovation bonus, expenses for visa and certification incurred will be deductible at 50%.

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