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Did you know that the Italian Government is offering Italian and non-Italian citizens a ‘Superbonus 110%’ incentive to improve home energy efficiency?

19th November 2020

MGI World Accountants background with MGI Vannucci logo overlaid

MGI Worldwide with CPAAI member, Pierpaolo Vannucci, Partner at MGI Vannucci e Associati, based in Lucca, Italy, has published another article in the Florentine magazine discussing the 'Superbonus 110%', an incentive that also benefits the expatriate community in Italy.

The Superbonus 110% is also available for non-Italian citizens

Do you have clients living in Italy who may be interested in carrying out work to improve energy efficiency, seismic risk reduction, installation of photovoltaic systems or installing stations for recharging electric vehicles?

This is the right moment to carry out the work because the 'Relaunch Decree' (Decreto Rilancio) DL n. 34 of 19.5.2020 has increased the rate of deduction to 110% due for these types of projects.

This article by Pierpaolo gives a complete run summary of the Superbonus 110% together with a detailed list of the beneficiaries, the properties involved and the works that can be deducted, as well as the method of use: direct deduction, invoice discount, credit transfer.

One of the main updates regarding the of use of the Superbonus is that not only can it be used as a deduction from your own taxes, but also through the so-called "invoice discount", which can be granted by the supplier, through the transfer of credit to third parties (including banks and insurance companies).

The current incentives for work on real estate remain unchanged: restoration of the building stock with tax deduction of 50%; energy requalification - so-called "ecobonus", with tax deduction of 50% or 65%, depending on the type of intervention (See the article on the website MGI Vannucci e Associati www.vannuccieassociati.it/tax-deductions-2/); seismic bonus, with tax deduction of 50%, 70% or 80% depending on the type of intervention; and "facade bonus" with tax deduction of 90%.  For these tax deductions, applicable to works carried out after July 1, 2020, you can also opt for the "invoice discount" or "credit transfer" as an alternative to direct tax deduction.

In this article you will find the answers to the following key questions:

  • Who are the beneficiaries?
  • Which properties are involved?
  • In what period can the expenses be incurred and in how many years is the tax deduction distributed?
  • Which types of work are eligible for the tax deduction?
  • What statements are needed in case of the credit transfer or invoice discount?

How can MGI Vannucci & Associati help?

Studio MGI Vannucci e Associati, thanks to its team of experts, is able to provide support and assistance in making these decisions. The firm can help you evaluate all aspects related to the Superbonus 110% and the renovation works required to obtain this tax benefit. Furthermore they can provide services related to the issue of the "Visto di conformità". Thanks to its presence in the Tuscan territory, the Firm can provide direct assistance and support both to condominium administrators and other professionals (engineers, architects, surveyors) who have taken charge of the execution of the entire project.

Find out all about the Superbonus 110%. View the full article HERE.


For more information visit Vannucci & Associati's member profile page or their website, or contact Pierpaolo Vannucci at: vannucci@vannuccieassociati.it

MGI Europe is part of MGI Worldwide with CPAAI, a top 20 ranked global accounting network and association with almost 10,000 independent auditors, accountants and tax experts in some 460 locations in over 100 countries around the world.

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