Against the expensive fuelat least for them companies of transportcomes the diesel bonuswhich offers the possibility of deducting in the form of tax credit the costs for the purchase of diesel fuel. From the April 1, 2024 you can apply for the diesel bonusan incentive that allows you to recover the cost of diesel consumed in the first three months of 2024. The contribution is 214.18 euros for every thousand liters of diesel consumed and can be requested either in cash or in the form of compensation.
What is diesel tax credit?
The diesel bonus, in the form of a tax credit, is a measure that aims to mitigate the higher costs of a company resulting from expensive fuel and can be requested by Italian companies that operate in the transport sector and use category vehicles Euro 5 or more with a total mass of at least 7.5 tonnes.
This credit can cover up to 28% of expenses incurred in the first quarter of 2024 for the purchase of diesel used for vehicle traction, excluding value added tax. The request must be submitted starting from 3.00 pm on April 1st to 11.59 pm on April 30th 2024.
Tax credit for diesel passenger transport
For companies that carry out road passenger transport services with buses of Euro V category or higher, there is a tax credit that can cover up to 12% of expenses incurred in the first half of 2022 for the purchase of diesel used for bus traction, net of value added tax.
Diesel tax credit for third party companies
Italian companies engaged in the transport of goods for third parties (according to legislative decree 504/1995 with Euro 5 or higher vehicles, weighing over 7.5 tonnes), they can obtain a maximum tax credit of 12% of expenses incurred in the first quarter of 2024 for the purchase of diesel for their vehicles. This credit is validated via purchase invoices and falls within the provisions of law 197/2022. Requests to obtain this contribution can be submitted from April 1, 2024 at 3:00 pm until April 30, 2024 at 11:59 pm.
Diesel tax credit: how it works and who is entitled to it
The application for the diesel bonus can be submitted online through Revenue Agency website following a specific path (following the path Excise duties; Energy products; Benefits for automotive diesel; 1st quarter 2024 diesel fuel benefits). If it is not possible to submit the application digitally, it is also possible to do so in format paper using media such as USB pen drives, CD-ROMs or DVDs.
For national companies, declarations must be sent toCustoms Office competent based on the company's operational headquarters. In the case of multiple operating locations, the criterion of registered office or of the main operating headquarters. The European companies required to submit the tax return in Italy must send the declarations to the Customs Office competent for their place of representation in Italy. The competent office can be identified by consulting thelist published on the customs website.
For businesses outside the European Union, you need to check whether they are obliged to submit the tax declaration in Italy. If so, they will be subject to the decisions of each Union merchant.
In the application for the diesel bonus, you must specify whether you wish to receive the monetary contributionindicating the Bic and Iban, or if you prefer to receive it via compensation using the tax code 6740 in F24 model. To obtain a refund, it is mandatory to indicate the vehicle license plate who refueled at the fuel distribution plants, as established by the Customs Agency note no. 64837 of 7.6.2018. Subsequently, the declarations must be transmitted via the Customs Telematic Service – EDI by authorized parties.
Read also:
→ National average fuel price
→ How to save on fuel
→ Fuel prices on Google Maps
→ Fuel excise duties, real petrol and diesel prices
→ Petrol and diesel at 1 euro, discounted price
→ How to refuel at the self-service yourself?
→ How to pay at the fuel self-service
→ What do you think? Drop by discussions on the FORUM!
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