Decree Law March 30, 2023 No. 34: Billing Decree 2023 for businesses

Decree Law No. 34 of March 30, 2023, also known as the Bills 2023 Decree, provides urgent measures to support businesses by defining tax credits for costs incurred by companies to purchase electricity and natural gas for the second quarter of 2023.

Energy-intensive or power-intensive enterprises

In this case, a tax credit of 20 percent is given with respect to expenses incurred for electricity purchases made and consumed in the second quarter of 2023.

Gasivorous or natural gas-intensive enterprises

A 20 percent tax credit is granted for gasivore companies by virtue of expenses incurred to purchase gas used in uses other than thermoelectric and consumed in the second quarter of 2023.

Non-gas companies

For non-gas utilities, the tax credit is 20 percent for the purchase of natural gas used for other than thermoelectric uses and consumed in the second quarter of 2023.

Non-energy enterprises

All those businesses that are not energy-intensive and have available electricity meters equal to or greater than 4.5 kW are granted a tax credit equal to 10 percent with respect to the expenditure incurred for the purchase of electricity used in the second quarter of 2023.

How to use tax credits

Tax credits can be used, for eligible companies, by offsetting via F24 form by Dec. 31, 2023. Or they can be transferred according to terms, methods and timeframes established by theInternal Revenue Service.

Tera is available to support your company throughout the tax credit recognition process.

Contact us to find out how to get the benefits.

For further information call 055 577 297 or write to italy@teraenergy.com