All the news for startups in the Sostegni 1 and Sostegni bis decree
What is foreseen for startups in the Sostegni bis decree
There are several innovations for startups contained in the Dl Sostegni bis , which came into force on May 26, and those in the first aid package for companies, Sostegni 1, following the passage of parliamentary ratification. Article 14 of the latest package, approved on May 20, provides for private investors the exemption from income tax of capital gains from the sale of stakes in startups and innovative SMEs, as long as they are kept in their portfolios for at least three years, in derogation from the provisions of Law Decree no. 66 of 24/04/2014 which increased the rate on Capital Gain from 20% to 26%.
MEASURES FOR STARTUPS IN BIS SUPPORT
The article to be taken into consideration is the 14 of the Dl 25 May 2021, n. 73 which confirms the tax exemption of capital gains on investments in innovative startups held in the portfolio for three years:
1. The capital gains referred to in article 67, paragraph 1, letters c) and c-bis), of the consolidated income tax law, referred to in the decree of the President of the Republic of 22 December 1986, no. 917, carried out by natural persons, deriving from the sale of shareholdings in the capital of innovative start-up companies referred to in article 25, paragraph 2, of law decree no. 179, acquired by subscription of share capital from 1 June 2021 to 31 December 2025 and held for at least three years, are not subject to taxation. For the purpose of the exemption referred to in the first period, the investments referred to in articles 29 and 29-bis of law decree no. 179 of 2012.
2. The provisions referred to in paragraph 1 also apply to capital gains, referred to in Article 67, paragraph 1, letters c) and c-bis), of the consolidated income tax law, referred to in the decree of the President of the Republic 22 December 1986, n. 917, carried out by individuals, deriving from the sale of shareholdings in the capital of innovative small and medium-sized enterprises referred to in Article 4 of Law Decree no. 3, acquired by subscription of share capital from 1 June 2021 to 31 December 2025 and held for at least three years. For the purpose of the exemption referred to in the first period, the investments referred to in article 4, paragraphs 9 and 9-ter, of law decree no. 3 of 2015.
3. The capital gains referred to in article 67, paragraph 1, letters c) and c-bis), of the consolidated income tax law, referred to in the decree of the President of the Republic of 22 December 1986, no. 917, carried out by natural persons, deriving from the sale of shareholdings in the capital in companies referred to in articles 5, excluding simple companies and entities equivalent to them, and 73, paragraph 1, letters a) and d), of the same text single, if and to the extent that, within one year of their achievement, they are reinvested in innovative start-up companies referred to in Article 25, paragraph 2, of Law Decree no. 179, or in innovative small and medium-sized enterprises referred to in article 4 of the law decree no. 3, through the subscription of the share capital by 31 December 2025.
4. The effectiveness of the provisions referred to in paragraphs 1, 2 and 3 is subject, pursuant to Article 108, paragraph 3, of the Treaty on the Functioning of the European Union, to the authorization of the European Commission, requested by the Ministry of Economic Development. 5. Lower revenues deriving from this article valued at € 7.4 million for the year 2022, € 11.8 million for the year 2023, € 9.5 million for the year 2024, 29.6 million euros for the year 2025, 43.9 million euros for the year 2026, 29.7 million euros for the year 2027 and 34.4 million euros for each of the years 2028 and 2029, pursuant to article 77.
HELP IN SUPPORT ONE
But we can find interventions in support of startups also in the previous Sostegni, which was modified by Parliament's ratification. To art. 1 ter of the conversion law no. 69 we read: "For the year 2021, a non-repayable grant of a maximum amount of 1,000 euros is recognized to the holders of business income who have activated the VAT number from 1 January 2018 to 31 December 2018, whose activities company, based on the results of the business register held at the Chamber of Commerce, Industry, Crafts and Agriculture, started in 2019, which is not entitled to the contribution referred to in Article 1 of this decree in how much the average monthly amount of turnover and fees for the year 2020 is not lower than at least 30 percent compared to the average monthly amount of sales and fees for the year 2019, provided that the other requirements and other conditions provided for in the aforementioned article 1 ".
Summarizing and simplifying, the requirements for obtaining the support of one thousand euros for Sostegni 1 startups are:
– have activated the VAT number from 1 January 2018 to 31 December 2018;
– having started carrying out the activity in 2019.
Of course, as long as you demonstrate that your startup's turnover in 2020 is less than 30% compared to that of 2019.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/tutte-le-novita-per-startup-del-sostegni-1-e-sostegni-bis/ on Sat, 29 May 2021 07:26:55 +0000.