Confindustria Tn, ‘tax credit to be returned, damage for fashion’ – PMI

“Damage and insult” for fashion companies, with money to be returned following a retroactive interpretation of the rules on tax credit for research and development: this is the complaint from Confindustria Toscana Nord, which explains how in 2016 a circular from The Revenue Agency on the tax credit for research and development for the years 2015-19 clarified that the benefit also included research in the fashion sector. However, in 2022 these types of expenses were excluded.


Companies, the association writes in a note, would have the right by tomorrow 31 October to self-report the use, undue according to retroactive interpretations, of the tax credit and repay it in three installments in as many years; in exchange, they would receive compensation whose contours are still undefined and in any case of modest amount.


“We know for a fact that for some companies the sums at stake are six figures, enough to destabilize many budgets”, says Francesco Marini, president of the Fashion System section of Confindustria Toscana Nord, according to whom, however, “it is not possible to carry out a reconnaissance to understand how much this affair affects our territory. However, it is certainly a real blow, even more so in such a difficult moment for the sector. It is presumable that there are hundreds of companies involved.”