Energy bonus, corporate tax credit: tax codes

As many of you will know, the Draghi government, in the last decree-law of 23 September 2022has further strengthened the measures to support businessesto offset at least in part the greater cost incurred for the purchase of electricity and natural gas in the months of October and November 2022, as well as for the purchase of fuel in the fourth quarter of 2022.

Here the companies and sectors that risk the most due to the expensive-bills.

Dear-energy, the aid to businesses provided for in the decree of 23 September

In particular, here is the aid provided for SMEs:

• at companies with a high consumption of electricity an extraordinary contribution is due in the form of a tax credit equal to 40% of the expenses incurred for the energy component purchased and actually used in the months of October and November 2022. The tax credit is also recognized in relation to the expenditure for the electricity produced by businesses and self-consumed in October and November 2022
• at companies with a high consumption of natural gas an extraordinary contribution is due in the form of a tax credit equal to 40% of the expenditure incurred for the purchase of the gas itself, consumed in the months of October and November 2022
• companies other than those with a high consumption of electricity are entitled to an extraordinary contribution in the form of a tax credit equal to 30% of the expenditure incurred for the purchase of the energy component, actually used in the months of October and November 2022
• at companies other than those with a high consumption of natural gas an extraordinary contribution is due in the form of a tax credit equal to 40% of the expenditure incurred for the purchase of the same gas, consumed in the months of October and November 2022
• at enterprises carrying out agricultural and fishing activities and enterprises carrying out agromechanical activity identified with the ATECO code 1.61, an extraordinary contribution is due, in the form of a tax credit, equal to 20% of the expenditure incurred for the purchase of fuel made in the fourth calendar quarter of the year 2022. The contribution is also recognized to companies operating activities agriculture and fisheries in relation to the expenditure incurred in the fourth quarter of the year 2022 for the purchase of diesel and petrol used for heating the greenhouses and production buildings used for animal breeding.

Here are the bonuses and benefits that companies can use to help their employees against expensive energy.

How tax credits work

Tax credits must be used by 31 March 2023 in offsetting using the F24 form, or transferred, only in full, to third parties.

The tax codes for the clearing of tax credits through F24

To allow the beneficiary companies to use the tax credits in offsetting, through the F24 form to be presented exclusively through the telematic services made available by the Revenue Agency, here are the tax codes established:

• 6983: called “tax credit in favor of energy-intensive companies (October and November 2022)
• 6984: called “tax credit in favor of companies with heavy natural gas consumption (October and November 2022)
• 6985: called “tax credit for non-energy-intensive companies (October and November 2022)
• 6986: called “tax credit in favor of companies other than those with heavy natural gas consumption (October and November 2022)
• 6987: called “tax credit for the purchase of fuels for agricultural and fishing activities (fourth quarter 2022).

When filling in the F24 form, these tax codes are shown in the “Revenue” section, in the “compensated credit amounts” column, or, in cases where the taxpayer has to pay the benefit, in the “payable amounts” column paid “. The year of the expenditure is indicated in the “reference year” field, in the “YYYY” format.