Why banks appreciate the Superbonus decree
According to the ABI, the government decree "provides clarification and a useful contribution to the greater legal certainty of the assignments of credits deriving from construction bonuses". All the details
Ambivalent reactions from the economic and financial sectors to the government's correction decree on tax credits linked to the Superbonus .
If the companies in the construction sector huff and protest , the banks instead applaud the measure approved last night by the council of ministers.
WHAT THE ABI THINKS ABOUT THE GOVERNMENT'S MOVE ON THE SUPERBONUS
A text that "provides clarification and a useful contribution to the greater legal certainty of the assignments of credits deriving from construction bonuses and helps to reactivate the buying and selling of these tax credits". In fact, this is the opinion expressed by the Italian Banking Association (ABI) in a note, in which it also reports that this morning it has issued a circular to members relating to the new decree.
THE NEWS MOST WELCOME BY BANKS
Specifically, the decree law provides for "an important clarification", repeatedly called for by the ABI chaired by Antonio Patuelli, "to simplify and make the proceedings more fluid": if the requirements for being entitled to tax benefits do not exist, the supplier who has once the discount has been applied, the assignees who have acquired the credit will not be considered jointly and severally liable, if in possession of the documentation demonstrating the effectiveness of the work carried out and certifying that there is no willful misconduct.
Similarly, subjects other than consumers or users who purchase tax credits from a bank will not be jointly and severally liable, if they possess the necessary documentation and bank certificates.
WHAT IF THE DOCUMENTATION IS MISSING?
Nor does the lack of possession of the documentation, according to the new decree, any longer constitute a cause of joint and several liability for the transferee who can demonstrate by any means that he has acted with diligence or that the negligence is not serious.
NO MORE DISCOUNT ON THE INVOICE
Finally, explains the ABI, the legislative decree provides that it will no longer be possible to opt for the "invoice discount" or for the transfer of the tax credit, except for exceptions for ongoing operations.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/abi-superbonus-banche/ on Fri, 17 Feb 2023 15:20:59 +0000.