Italy: Cap for Tax Reductions Removed

The solar community can breathe a sigh of relief. The sun is shining again over the solar thermal market in Italy. The temporary law of the government from the 29th of November (Decreto Legge 185/08) was approved by the Italian Parliament only after major changes were made on January 27th (see article “Overall Cap for Tax Reductions in Italy”). The law is applicable for deductions granted after 1st of January 2009.

According to the solar industry association (Assolterm), article 29, regarding the 55% tax reduction, was modified as follows:

• the cap of €80 to 100 million in total annual grants was removed
• tax reduction could be deductable over a period of five years
• it is now only necessary to send a notification and not an application to the National Fiscal Agency.

This way, the role of the agency is to monitor and not to approve or deny applications “We welcome the new position of the government,” says Valeria Verga, Assolterm's general secretary. This political decision was reached just in time for the first Italian solar industry conference CIS-IT 2009, which takes place in the Hilton Rome Airport in Rome on 5/6th February 2009. “This event follows in the footsteps of the well established ‘Forum Solarpraxis’, which has been held annually in Berlin since 1998, and the successful CIS-ES in Spain, which was launched in 2007 and will take place again in Madrid this October,” the organiser, Solarpraxis AG from Berlin, Germany, announced on its website. The conference will be held in Italy for the first time and covers the full range of non-technical topics around solar energy: market developments, political environment, marketing, financing and public relations.

Further information:
http://www.assolterm.it/
www.solarpraxis.de

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