The Decreto Rilancio (Relaunch Decree) of 19 May 2020 introduced the possibility to benefit from a tax credit of 110% of costs incurred for the installation of a private electric vehicle (EV) charging point.
In order to access the incentives, the work must be carried out in conjunction with one of the “leading interventions” of the Superbonus (external wall insulation, replacement of the winter heating system) for condominium buildings, single-family buildings and buildings composed of two to four separately registered properties, including those belonging to one single owner or co-owned by more than one person.
In alternative to directly using the tax credit themselves, beneficiaries of the incentive can opt for:
- a contribution in the form of a discount on the amount due, up to a maximum amount equal to the amount due. The discount is applied by the supplier that carries out the work and then recouped in the form of a tax credit, which can be transferred to third parties;
- the transfer of a tax credit corresponding to the due amount to other parties, including banks or other financial intermediaries, with the option of subsequent transfer.
For costs incurred between 1 July 2020 and 30 June 2022, the tax credit is applied at a rate of 110%. This is split into five equal annual installments for costs incurred by 31 December 2021, and into four equal annual installments for costs incurred during the year 2022, with the following spending limits:
- 2,000 euros for single-family buildings properties situated within multi-family residential buildings that are functionally independent and possess one or more independent entrances;
- 1,500 euros for multi-family buildings or condominiums that install a maximum number of eight charging columns;
- 1,200 euros for multi-family buildings or condominiums that install more than eight charging columns.
The incentive refers to a single EV charging column for each property.
For the interventions in progress on 1 January 2021, the Superbonus is calculated based on a maximum expenditure limit of 3,000 euros.
The measures introduced in the Budget Law of 2019 and subsequent modifications and integrations that determine the tax credit of 50% for the purchase and installation of EV charging infrastructure remains unchanged. The tax credits for costs incurred between 1 March 2019 and 31 December 2021 can be used against income tax or corporate tax in 10 equal annual amounts for an overall total of costs incurred no higher than 3,000 euros.
Both the 50% and the 110% tax credits can also include any initial costs for the request for additional capacity (up to a maximum of 7kW) and the costs strictly related to carrying out the work (e.g. connection costs). The tax incentive is also applied to the documented costs concerning the common parts of condominium buildings.
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