2017 Stability law

The 4.0 Industry Plan of Stability Law 2017 defines super and hyper depreciation measures for different categories of assets.

Edited by Marketing Department

For the three-year period 2017 - 2020, the Italian Government has launched the 4.0 Industry plan, a 13 billion € project to support Italian companies in the process of digitization and robotization of production systems. The plan, contained in the Stability Law 2017, aims to activation of investment in innovation and competitiveness by companies, supported in turn by organic measures, including tax incentives. In particular, it is possible to make facilitated investments in new material assets, new high tech material assets, intangible assets. Here are the three categories of assets intended in 4.0 industry -key and the facilities provided for each case.

With regard to new material assets, the 140% super-depreciation is extended throughout 2017, enabling businesses and professionals to increase the purchase cost of 40% for the tax deduction.

Those belonging to the second category are defined by the Stability Law as assets aimed at encouraging technological and / or digital transformation processes. For them it is granted a 250% hyper depreciation, which increase to 150% the purchase cost for the tax deduction; note that, if the material asset is purchased along with the embedded software required for its operation, the software also benefits from depreciation.

The Stability Law defines intangible assets, functional to the technological and / or digital transformation, the software, systems and system integration, platforms and applications: for their purchase it is granted a 140% super depreciation, thus taking advantage of a 40% surcharge for tax deduction. This, provided that the company uses the 250% depreciation, but regardless of whether the software is or is not related to the facilitated asset.

In order to benefit from amortization, the asset must be interconnected, ie it must exchange information with internal or external systems by means of a proven method-based connection (eg TCPIP, HTTP, MQTT) and must be uniquely identified (eg via IP address). The facilities also require a declaration by the legal representative or (if the value of the asset exceeds 500,000 EUR;) a sworn technical report issued by a professional or accredited institution, attesting that requirements are met.Tax incentives are allowed for investments made by December 31, 2017 or by June 30, 2018, provided that at 31 December 2017 the order is accepted and at least 20% of the acquisition cost has been paid.

With a press release and 4 / E document, the Revenue Agency provides some indications to answer technical and tax doubts about super and hyper -depreciation: it is possible, for example, to verify, with the technical opinion of the Ministry of Economic Development, the facilitation eligibility, to ask the Tax Agency for tax-related doubts, or to acquire the technical opinion of the Ministry about the issue of 140% immaterial assets.

Companies operating in the industrial and manufacturing sectors will find significant opportunities to improve business processes through the purchase of specified goods, that include many Zucchetti solutions. Among those covered by the 140% super depreciation for intangible assets, we find business intelligence and analytics solutions, plant and equipment maintenance management, monitoring and analysis of energy consumption, IOT applications, software and systems for the protection of networks and information and, of course, production and logistics management and Enterprise Resource Planning software, such as Mago4.

And that's not all. In Zucchetti world we find hardware and systems devices for security, access control, attendance detection, production data collection, intended as new material instrumental assets, which are also subject to 140% super-depreciation; 250% amortization includes the 3D systems and printers provided by the Group as well as goods, machines and systems to which Zucchetti can integrate its safety, security, energy and environmental projects, maintenance technical control, production management, and so on.

4.0 Industry Plan also includes other significant measures, including the so-called New Sabatini, that aims to support - through a subsidized contribution from 2.75% to 3.57% in the case of investments in 4.0 industry technology - micro, small and medium-sized enterprises of any product sector that require bank financing for investments in new material goods, machinery, plant, factory production equipment and digital technologies (both hardware and software). This benefit can be cumulated with hyper and super depreciation. Again, Mago4, the specialized ERP for SMEs, can represent an investment included in the measure.

For more details on 4.0 Industry Plan, you can consult the Guidelines of the Ministry of Economic Development. You can also have a look at Zucchetti's industry offer at www.software-industria.it.

case history serigraphy

Cutting edge technology and optimized business management with Mago4 ERP: the case study of SAC Serigrafia.

Edited by Marketing Department

SAC Serigrafia has been working for more than 50 years on a crucial aspect of products customization: it realizes high-end logos, resin labels, 3D labels and prints on materials using the latest technology in silk-screen printing. In its vast experience, it has developed projects for heterogeneous sectors, from industry to advertising, from automotive to furniture, not just to meet production needs but anticipating them with a research and development lab, and satisfying requests even afterwards, with a careful after sales service.

The company has relied on Mago ERP, first to achieve rigorous rationalization in the administrative sector, and then adopting the solution also for a more effective management of the commercial and manufacturing area.

The primary requirement of SAC Serigrafia was to optimize the management of orders and warehouse, while at the same time providing the most appropriate tools to analyze the company's sales and financial performance. In the commercial area, then, the need for SAC was to create a kind of common thread facilitating the traceability of all documents, from quote to offer, up to order. The productive sector also needed to monitor the processes in real time and at the same time to adopt logics related to Lean philosophy, which allows you to more quickly produce and contain waste.

With Mago, the company has found the optimal management of commercial, administrative and production phases, now integrated and homogeneous, and has been able to simplify the entire process: from the client's request (processed and translated into offer) to order billing, passing through the formulation of the budget and the management of the various production stages. I-Tech, the Microarea Platinum Partner which has supported SAC Serigrafia in the implementation of the ERP solution, has provided continuous and qualified assistance to make the company sufficiently autonomous in managing the entire process. I-Tech role has been crucial for smooth and sequential processing, from installation to data transfer to customization, in order to meet specific needs, providing complete training and assistance.

The main advantages that exist as a result of the full use of Mago are mainly identified when sending e-mail automatic, useful for supply modules (offer to the customer and confirmation of the order), which allows you to bypass the manual saving operation and the sending of the attached document, , sintetizzando il tutto in un’unica operazione automatica: synthesizing all in a single automatic operation: a considerable advantage in terms of time and reduction of possible errors. Another point of strength is the customization of reports: with its tools, Mago allows you to adjust all modules (bill, offer, quote, order, shipping document) to the needs of the organizational system of SAC Serigrafia.

SAC Serigrafia is just one of the many excellence cases supported by Mago, an ERP that is so flexible it can be used in a wide spectrum of business sectors. One of the best ways to know Mago, and understand how it can provide you with a specific solution to your needs, is to learn how the ERP software is used by other companies. The Success Stories you can read on Microarea portal are just a few examples ... if you do not find a suitable case for your company, contact us: our specialists will guide you to the best.

Close Up

Mago4 Manufacturing area offers various opportunities to work with punctual valuation criteria, meeting different companies' different needs and ways of working.

Edited by Marketing Department

In Mago4 you can always attribute a value to your warehouse goods, thanks to the choice of a wide range of possible valuation methods.

All of Mago4 warehouse functionality in fact allow an extremely complete investigation of the considered item that, depending on the needs - just to make some examples - can take a value on the basis of the last purchase cost, the average one, the standard attributed cost, the LIFO-FIFO cost of the year, or can even be inferred with punctual methodology. This value is also the basis for the integrated determination of production costs.

To speed up the management of the fiscal inventory and the computation of production costs, Mago4 proposes since its debut a global improvement of the entire management of punctual valuation methods, in particular the single-step LIFO-FIFO methodology. The logic of this operational streamlining emerges as a simplification of values and costs derived during the production cycles at the level of finished products, semi-finished products and raw materials. From the rationalization implemented by Mago4, it descends a considerable advantage in terms of monitoring the correct production costs, even in presence of productions which require hierarchies with multiple levels of bill and designs of great complexity. This is entirely compatible with possible consolidations over the period that allow for the constant reorganization and redefinition of loading and unloading of the materials from the warehouse, thus causing continuous and necessary cost updates.

What are the most obvious benefits accruing from the management of production costs proposed by Mago4? Surely you will get significant benefits in terms of monitoring and management, but you will also benefit from high performance and algorithmic speed that, in daily practice, will result in a usable and firm work process. You will also find that the constraints are limited and that it is possible to have an automatic calculation flexibility, together with a subsequent recalculation that may be necessary.

Not only that: as you know, while in Italy it is allowed a simplified inventory accounting - which for example admits the use of average or standard value for valuation of end-of-year inventories - many countries (just think of Poland and Romania, for example) are obliged by law to use punctual valuation methods to ensure the management and maintenance of a real tax warehouse over the fiscal year. It is therefore evident that those who are operating on the global scenario will certainly benefit from the ERP Mago4's punctual valuation criteria, fully responding to the need to comply with current regulations.

You can find out more about Mago4's Manufacturing ability to streamline production costs, by consulting the dedicated page on Mago4 website, or contacting your reseller for more details. If you want, you can also fill in the information request form: you will be contacted as soon as possible!


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