Superbonus: news on credit transfer

by Paolo Tanfoglio, CEO of Lokky

Requests for the 110% Superbonus have already exceeded 33.7 billion euros, compared to an allocation of 33.3 billion expected by the Government until 2036. This is the main current criticality: a block on the transfer of tax credits by banks.

In fact, the funds made available by the government for the Superbonus foreseen for the next few years of credit compensation have already been covered by the current certifications presented for the Ecobonus to ENEA, from which all those certifications of the works still in progress, any Sal, the Sismabonus works, and all those interventions that have not yet been certified are excluded. The Undersecretary for the Economy Maria Cecilia Guerra herself revealed that on the Revenue Agency’s transfer platform there were «approximately 5.4 billion euros of credits not yet accepted, of which approximately 3.7 billion relating to the 110% Superbonus and approximately 1.5 to other construction bonuses».

Tale paralysis of the system is putting the survival of businesses and professionals operating in the building and construction sector at serious risk. In fact, in order to respect contractual commitments already made with clients, they continue to accumulate tax credits which remain waiting to be sold with a consequent serious liquidity problem.

In this regard, the business and professional associations in the sector have asked for targeted interventions to avoid the bankruptcy of operators and cause economic and social damage to condominiums and families. Through a press release, they expressed the urgency of a meeting with political leaders to discuss some shared proposals to urgently identify suitable solutions to resolve this extremely critical situation.

In the meantime, however, the Revenue Agency has drawn up a new updated guide with the innovations and clarifications of the latest provisions: it introduces increasingly rigorous controls to accept a proposal for transfer to tax credit. Banks, in fact, may be called directly to respond to tax fraud if they have not carried out all the necessary measures to verify the lawfulness of credit purchase operations. They will also have to «diligently» verify the reliability of the parties assigning the credit and the related documents they provide to support the assignment request.

Two years after its introduction, the 110% Superbonus regulation continues to undergo additions. The uninterrupted trail of regulatory revisions includes 16 changes, including decree laws, extensions, conversion laws and budget laws. Although the credit transfer mechanism has been modified several times to prevent the numerous cases of tax fraud reported under the Superbonus from continuing to occur, the additions, corrections and interpretations have certainly put professionals and businesses in difficulty and generated chaos among the players in the supply chain.