The Budget Law 2023, Art. 1, paragraphs 685-690, L. no. 197/2022, re-proposed the tax credit for the purchase of biodegradable and compostable packaging in compliance with UNI EN 13432. The tax break is reserved for businesses that purchase recycled products or products made from biodegradable and compostable materials in 2023 and 2024. The credit is 36 percent of the expenses incurred and can go up to a maximum amount of 20,000 euros per year.
What does the standard say?
The rule grants all businesses a tax credit equal to 36 percent of expenses incurred and documented, in 2023 and 2024, for the purchase of:
- Products made from materials from the separate collection of plastic packaging.
- biodegradable and compostable packaging according to UNI EN 13432 or derived from the separate collection of paper, aluminum and glass.
The tax credit will be granted up to a maximum annual amount of 20,000 euros for each beneficiary, with an overall limit of 5 million euros annually for the years 2024 and 2025.
One of the basic requirements for receiving the subsidy is to obtain a certificate on the expenses incurred, which is intended to verify and certify the technical requirements of the products purchased. This attestation can be issued by different professionals:
- chairman of the board of auditors
- registered statutory auditor
- accountant
- labor consultant
- responsible for the tax service center.
How to apply for the facility?
The criteria and procedures for the application and use of the facility will be defined by decree of the Ministry of Environment and Energy Security. To get all the information and updates, please monitor the official portal and seek advice from your accountant.
Try FinTak: our certified compostable line
FinTak is the new green line developed by Eurocell for food packaging. The line offers environmentally friendly hamburger bags, pouches and discs that can be thrown directly into the organic waste stream.
FinTak packaging is certified compostable, in accordance with European standard EN 13432. This standard establishes the characteristics a material must have to be considered compostable. These include:
- A biodegradability of at least 90 percent within six months in the presence of a carbon dioxide-rich environment.
- Residues of the decomposed material less than 2 mm
- no negative effect on the composting process
- Low concentration of heavy metals added to the material
- pH values, salt content, concentrations of volatile solids, nitrogen, phosphorus, magnesium and potassium below established limits.
In addition to being sustainable and convenient to dispose of, the packaging is safe, durable, and customizable. The tax credit for the purchase of compostable products could be a good opportunity to try packaging from the new FinTak line.
