«The measure adopted today by the Council of Ministers on the proposal of the Minister Raffaele Fittowhich has doubled the resources available for the tax credit for investments made in the single Zes of Southern Italy from 1 January to 15 November 2024, bringing it from 1.6 billion euros to over 3.2 billion, demonstrates the Meloni government’s concrete commitment to the development of the southern regions and puts an end to the instrumental controversies that arose after the Revenue Agency autonomously set the amount of the credit on the basis of mere investment intentions and without any evaluation of the actual feasibility of the investment requests”. This is what is stated Wanda Ferro (FdI)Undersecretary of the Interior.
“As Minister Fitto had predicted, from the verification of the over 16 thousand preventive declarations sent – adds Ferro – it emerged that less than 2 percent of the over 9.4 billion euros of tax credits exposed, for a value equal to approximately 167 million euros, refers to investments already made. With a new provision from the director of the Revenue Agency, the amount of the tax credit that can actually be used by economic operators will be determined by next December 12, calculated on the basis of the investments actually made. It is important to underline that the allocation of 3.2 billion is far greater than those envisaged by previous governments: five times greater than that envisaged for the years from 2016 to 2020 and three times greater than that envisaged for the years 2021 and 2022 and 2023”.
“In addition to these immediately available resources – adds Ferro – it will also be possible to use the resources of national and regional programs, financed through cohesion policies relating to the competitiveness of SMEs, which have a total financial endowment of approximately 4.2 billion euros and which can also be used to support investments facilitated by tax credit. The initiative wanted by Minister Fitto is an initiative that has an extraordinary value for companies investing in the South, which have responded with great interest, and with respect to which the Meloni government has rightly adopted a serious safeguard mechanism to avoid uncontrolled effects on public accounts, as happened with measures adopted by previous governments”.