{"id":66650,"date":"2022-07-14T00:00:00","date_gmt":"2022-07-13T22:00:00","guid":{"rendered":"https:\/\/dev.tecno-group.eu\/news-media\/blog\/non-categorizzato\/benefit-company-tax-credit-renewed-for-the-year-2022"},"modified":"2022-07-14T00:00:00","modified_gmt":"2022-07-13T22:00:00","slug":"benefit-company-tax-credit-renewed-for-the-year-2022","status":"publish","type":"post","link":"https:\/\/www.tecno-group.eu\/en\/blog\/updates-and-announcements\/benefit-company-tax-credit-renewed-for-the-year-2022\/","title":{"rendered":"Benefit company tax credit: renewed for the year 2022"},"content":{"rendered":"<p><b>MiSE extends to 2022 the tax break dedicated to companies that choose to form or transform into benefit companies.<\/b><\/p>\n<p><b><br \/><\/b><\/p>\n<p>Decree Law 50\/2022 with Art.<br \/>\n52-bis &#8220;Measures on benefit companies&#8221; extends the benefit company tax credit to 2022.<br \/>\nLet&#8217;s see what it is and how to get it.  <\/p>\n<div><\/div>\n<h2>Benefit company tax credit: what it is<\/h2>\n<p><\/p>\n<p><b>Companies that establish or transform into benefit companies access a 50 percent tax credit made available by the MiSE.<\/b><\/p>\n<p>The tax break is for enterprises that incurred the following expenses in 2022:<\/p>\n<p><\/p>\n<ul>\n<li>Notary and registration fees in the Commercial Register;<\/li>\n<li>expenses related to professional assistance and advice incurred for the purpose of incorporation or transformation into a benefit corporation.<\/li>\n<\/ul>\n<p><\/p>\n<p>Excluded from eligible expenses are those related to taxes and fees; an exception is made for value-added tax if the beneficiary has no possibility of recovering it.<\/p>\n<p><\/p>\n<h3>Company benefit tax breaks: tax credit extended<\/h3>\n<p><\/p>\n<p><b>The tax credit for benefit companies was introduced in order to strengthen their system throughout the country.&nbsp;<\/b><\/p>\n<p><\/p>\n<p>The MiSE approved the benefit company tax credit for expenses incurred by companies in 2021 through Decree Law No. 34 of May 19, 2020.<br \/>\nThe facility provided for a maximum contribution of 10,000 euros that can be used exclusively in compensation by the beneficiary. <\/p>\n<p><\/p>\n<p>The tax credit for companies that incur expenses to establish or transform into benefit companies in 2022 is found in Decree Law 50\/2022.<\/p>\n<p><\/p>\n<h3>Tax credit benefit company implementation decree: what it is<\/h3>\n<p><\/p>\n<p>The implementing decree for the benefit company tax credit establishes the terms and procedures for submitting applications to access the grant made available by the MiSE.&nbsp;<\/p>\n<p><\/p>\n<p><b>In order to qualify for the 2022 benefit corporation tax credit, the expenses of incorporation or transformation must be incurred by December 31, 2022.<\/b>  The beneficiary must submit an appropriate online application to the Ministry of Economic Development; for further definitions, it is necessary to wait for the publication of the directorial decree in favor of the 2022 benefit company tax credit.<\/p>\n<p><\/p>\n<h3>Becoming a benefit company: requirements and goals<\/h3>\n<p><\/p>\n<p>With the law of Dec. 28, 2015 no.<br \/>\n208, Italy legally recognized the benefit society as a legal form. &nbsp;<\/p>\n<p>The benefit corporation has a dual purpose: profit purpose and common benefit.<br \/>\nAll types of corporations under the Civil Code, excluding nonprofits, can become benefit corporations. &nbsp;<\/p>\n<p><b>The goal of benefit companies is to produce a positive impact<\/b> on stakeholders, society and the environment through responsible, sustainable and transparent management.<\/p>\n<p><\/p>\n<h3>Obligations benefit companies: what are they&nbsp;&nbsp;<\/h3>\n<p><\/p>\n<p>The benefit corporation is obliged to state in its bylaws <b>the common benefit it intends to pursue<\/b> and the manner in which it undertakes to achieve it.<br \/>\nIt must also appoint an impact manager whose job is to ensure that the corporation pursues the stated common benefit purpose.<br \/>\n <b>An impact report, the<\/b> purpose of which is to make the pursuit of the common benefit transparent, must be prepared annually; it must be attached to the company&#8217;s financial statements and filed with the Registrar of Companies.  <\/p>\n<p><\/p>\n<p>The information to be included in the impact report covers: environment, governance, workers, other stakeholders.<\/p>\n<p><\/p>\n<h2>ESG consulting: from tax benefits to the virtuosity of corporate sustainability<\/h2>\n<p><\/p>\n<p>The renewal of the benefit company tax credit once again demonstrates the institutions&#8217; commitment to promoting a new business model, characterized by sustainable, ethical, environmentally and socially responsible approaches.&nbsp;<\/p>\n<p><\/p>\n<p>Corporate sustainability, declined according to ESG criteria, allows the company to take advantage of countless benefits, not only fiscal, because it is demanded by stakeholders.<\/p>\n<p><\/p>\n<p><b>With our help, you can build your own ESG journey aimed at establishing sustainable strategies and becoming a benefit society.&nbsp;<\/b><\/p>\n<p><b><br \/><\/b><\/p>\n<p>Leave your details here to learn more.<\/p>","protected":false},"excerpt":{"rendered":"<p>MiSE extends to 2022 the tax break dedicated to companies that choose to form or transform into benefit companies. Decree Law 50\/2022 with Art. 52-bis &#8220;Measures on benefit companies&#8221; extends the benefit company tax credit to 2022. Let&#8217;s see what it is and how to get it. Benefit company tax credit: what it is Companies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[73],"tags":[],"class_list":["post-66650","post","type-post","status-publish","format-standard","hentry","category-updates-and-announcements"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.tecno-group.eu\/en\/wp-json\/wp\/v2\/posts\/66650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tecno-group.eu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tecno-group.eu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tecno-group.eu\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tecno-group.eu\/en\/wp-json\/wp\/v2\/comments?post=66650"}],"version-history":[{"count":0,"href":"https:\/\/www.tecno-group.eu\/en\/wp-json\/wp\/v2\/posts\/66650\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.tecno-group.eu\/en\/wp-json\/wp\/v2\/media?parent=66650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tecno-group.eu\/en\/wp-json\/wp\/v2\/categories?post=66650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tecno-group.eu\/en\/wp-json\/wp\/v2\/tags?post=66650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}