It might therefore seem simple to intervene to remedy the situation, but unfortunately this is not the case in practice: the costs of remediation interventions carried out according to the required requirements are sometimes high and this economic factor has often blocked (or at least significantly slowed down) the operations of reclamation.
What are the news planned for 2019?
The most important novelty is certainly represented by the introduction of the “Asbestos disposal bonus” which provides for a tax credit of 50% in favor of corporate income holders who decide to carry out operations to remove asbestos parts and remediation of components made of asbestos.
This facility is not established in a fixed manner, but increases proportionally to the size of the structures containing asbestos which are disposed of, rewarding the subjects who invest in this activity and thus underlining the great social importance of the removal of asbestos for the protection of public health. and as a common goal.
Going into the specific we see the limits established by the legislation to be entitled to the bonus, the amount spent for remediation activities must be between a minimum of € 20,000 and a maximum of € 400,000, thus allowing a tax saving of between 10,000 Euros and 200,000 Euros.
These are very important figures and for this reason the bonus is divided into a maximum of 3 annual installments of the same amount, which do not affect the determination of IRAP and IRES. The maximum expenditure ceiling foreseen for the year 2019 also stands at significant values and is currently set at 5.667 million euros. The contributions will then be disbursed until the aforementioned funds made available for the asbestos bonus are exhausted. Choosing the services of local asbestos collection happens to be the most important now.
How to take advantage of the benefits?
To take advantage of the facility, you must be in possession of a series of mandatory requirements, which we are going to briefly summarize. First of all, it is required to be a holder of business income, regardless of the legal form of the business itself.
Furthermore, according to the decree law of 16 June 2016 which introduced these measures, it is necessary that the disposal works have been carried out during the three-year period between 2017 and 2019. Last but not least: the disposal works must fall within those specifically listed and authorized by the Ministry to be entitled to the payment of the tax credit.
The permitted expenses are those incurred for the removal of asbestos-eternit and the costs associated with the related disposal of materials in landfills. More in detail, the 50% deduction is provided for companies that undertake the following activities:
- removal and disposal of asbestos roofing
- corrugated or smooth asbestos sheets
- asbestos pipes
- asbestos ducts
Asbestos tanks and containers intended to contain water (or to store other liquids) intended for industrial or civil use. They are also allowed to deduct the costs of disposing of the covers of production structures and systems for industrial insulation.