Discount on invoice – Credit transfer – SUPERBONUS, what is it?

PWS helps customers in the activities necessary to request the discount on the invoice or the transfer of credit relating to SUPERBONUS and other construction works for which it is possible. This possibility was introduced starting from January 2020, thanks to the Relaunch Decree 34/2020, and will also apply to the works carried out throughout 2021 on the costs incurred for building and plant renovation interventions.
Difference between credit transfer and invoice discount
The difference between credit transfer and invoice discount can be summarized as follows:

  • the “discount on the invoice” allows the cost of the work to be reduced directly by the company up to an amount not exceeding the cost of the work itself (essentially up to the maximum amount corresponding to the percentage of the reference tax bonus)
  • the “credit transfer” presupposes the actual transfer of the tax deduction by the taxpayer to the address of a third party (suppliers of goods, self-employed operators, banks, companies, etc.) in exchange for reimbursement up to a maximum amount corresponding to the sum otherwise deducted in the return.

How does the discount on the invoice work and how does the credit transfer work?

A premise is required: obviously, both in the case of sale and in the case of a discount, the will of the taxpayer must always find the willingness of the company (for the discount) or of a third party (for the sale) to complete the ‘option. Said this:

  • the discount on the invoice involves a real discount on the cost of the work corresponding to the percentage of the deduction otherwise applied in the declaration. For example, if the taxpayer opts for a discount on works that can be deducted with the Restructuring Bonus at 50%, the corresponding discount on the invoice would be 50%. It remains understood that the only deduction for which, for obvious reasons, the discount on the invoice could never equal the percentage of tax deduction is the Superbonus 110%, for which the discount on the invoice can at most equalize the total costs ( therefore in essence by opting for the discount on the invoice on deductible works with the Superbonus you can have at most the total reduction of the invoice, but you would lose that 10% more recoverable instead through a declaration)
  • on the other hand, the assignment of the credit entails first of all the actual payment of the work, regularly invoiced and reclaimed, and therefore the stipulation of a financial agreement between the taxpayer who transfers the deduction and the transferee body. Finally, the transferee, in exchange for the transferred tax benefit, will initiate a reimbursement plan to “return” to the taxpayer up to the amount corresponding to the tax deduction. Both solutions have advantages for the customer who can benefit from the deduction on expenses. It remains a free choice, but the prerogative is that the counterparty consents to the operation and that the choice is communicated electronically to the Revenue Agency.
 

Requirements

 

The rule is aimed at those who support – in the years 2020 and 2021 – the following types of jobs:

  • towing and trailed that benefit from the Superbonus
  • recovery of the building stock benefiting from the Restructuring Bonus (in particular the extraordinary maintenance, restoration and conservative rehabilitation and building renovation interventions carried out on the individual real estate units as well as the previous interventions and ordinary maintenance interventions carried out on the common parts of the buildings);
  • energy requalification included in the Ecobonus
  • adoption of anti-seismic measures included in the Sismabonus
  • recovery or restoration of the façade of existing buildings included in the Facades Bonus
  • installation of photovoltaic systems
  • installation of charging stations for electric vehicles.

Who can take advantage of the credit transfer and the discount on the invoice?

The choice of credit transfer or invoice discount instead of direct use of the bonus in the 730 Model or in the INCOME Model, is in practice always feasible for the taxpayer, who can therefore take it into consideration:

  • when there is the so-called fiscal incompetence, that is when his tax, due to the low income, could never allow him to fully enjoy the bonus for its entire multi-year duration
  • or simply by his will, where he preferred to adopt the sale or discount instead of the deduction.

 

 

Discount on invoice – Credit transfer – SUPERBONUS: how to get it?

 

The option of the sale or discount must necessarily be exercised through the electronic channels of the Revenue Agency. It is necessary to send to the Revenue Agency, by March 16 of the year following the one in which the expenses were incurred, a specific communication with which the waiver of the tax bonus will be notified in place of its transfer or the discount applied on the invoice. . To simplify the operation, PWS will help the customer / taxpayer to make the communication.
Superbonus and credit transfer or discount on the invoice
In the event that the waiver concerns the Superbonus, the transfer / discount option will also require the approval of compliance by the authorized intermediary.

PWS will assist the customer with the affixing of the compliance visa necessary for the sale.