The Ministry of Tourism has announced the procedures for granting tax credits and non-repayable contributions for the accommodation sector and tourism businesses (the so-called Superbonus 80% tourism).
Which beneficiaries are there?
- hotel enterprises;
- establishments carrying out agro-tourism activities;
- open-air accommodation activities;
- enterprises in the tourism, recreation, fair and conference sector (including bathing establishments, spa complexes, marinas and theme parks).
Each entity must be duly registered in the register of companies and may submit only one application for an incentive for only one structure subject to intervention. In addition, the requirements of the measure must be maintained for up to five years after the disbursement of the recognised funding.
What are the financial instruments granted?
- tax credit of up to 80% of the eligible expenses incurred for energy requalification, safety measures and business digitisation projects
- non-repayable contribution not exceeding 50% of the expenses incurred, the maximum amount granted being EUR 40,000, with the following bonuses:
- +up to €30,000 if 15% of the investment is used for digitisation and technological innovation of structures;
- +up to €20,000 for businesses run by women and/or young people (aged between 18 and 35);
- +up to €10,000 for businesses with their operational headquarters in one of the regions of southern Italy (Abruzzo, Basilicata, Calabria, Campania, Molise, Puglia, Sardinia and Sicily).
Both loans will be granted for works carried out from 7 November 2021 until 31 December 2024, but also for works started after 1 February 2020 and not yet completed (provided that the relevant expenses are incurred from 7 November).
For eligible expenses not covered by the aforementioned incentives, it is possible to apply for and benefit from financing at subsidised rates (provided for by the interministerial decree of 22 December 2017 on “Modalities of operation of the National Fund for Energy Efficiency”), provided that at least 50% of these expenses are used for energy requalification interventions.
What are the eligible costs and expenses?
- works to increase the energy efficiency of structures;
- works of seismic upgrading;
- works to eliminate architectural barriers;
- construction of thermal swimming pools and purchase of equipment and apparatus for carrying out thermal activities;
- interventions for the digitalisation of businesses;
- purchase of furniture and furnishings, including lighting projects, provided that the purchase is functional to increasing energy efficiency, or to earthquake-proof upgrading, or to eliminating architectural barriers.
How to apply?
Beneficiaries must submit their applications electronically, using the online platform made available by the Ministry of Tourism (within 30 days of the platform opening), specifying:
- personal data;
- type of interventions envisaged
- incentives requested (both financial instruments or only one of them);
- total cost of interventions and total amount of eligible expenses;
- start and end date of the planned interventions;
- any expenses not covered by the incentives, for which it is intended to benefit from the subsidised loan provided by the decree;
- whether it is intended to request an advance not exceeding 30% of the grant.
How are incentives allocated?
Incentives will be allocated in chronological order of the applications, subject to verification of the requirements and within the maximum expenditure limit of the total endowment of 500 million euros. Within 60 days of the deadline for submitting applications, the Ministry of Tourism will publish the list of beneficiaries.
If the available resources are exhausted before the minimum number of 3,500 beneficiary enterprises is reached (as provided for by the Recovery Plan Decree, in compliance with the objectives identified in agreement with the EU), the incentives will in any case be granted to the first 3,700 tourism enterprises and the incentive to be recognised will consequently be reduced proportionally.
How can incentives be used?
- The tax credit, which is recognised up to 80% of the eligible expenses incurred, may be used as compensation, starting from the year following that in which the interventions were carried out, and in any case no later than 31 December 2025. The credit may also be transferred in whole or in part to third parties (banks and other financial intermediaries).
- Grants will be paid by bank transfer to the IBAN indicated in the application form. The amounts will be credited, in a single payment, upon completion of the interventions (except for the possible recognition of an advance not exceeding 30% of the total contribution).