Adapted physical activity bonus, let’s see how the measure works and who are the recipients of the tax credit to be deducted.
The Ministry of Economy and Finance has published a decree in the Official Gazette which establishes the criteria for access and disbursement of the adapted physical activity bonus.
A publication in the Official Gazette that provides welcome news for citizens who annually spend even expensive amounts to dedicate themselves adapted physical activity. The Ministry of Economy and Finance has decided to support these expenses with a named Bonus adapted physical activity which provides a tax credit and bring in deduction the year following the reference date of the payment invoices. The Decree in the Official Gazette establishes the access directives and delivery of the measure, let’s see what they are to understand if it is possible to take advantage of them.
Adapted physical activity bonus, how it works
The Bonus is aimed at individuals who have incurred expenses for adapted physical activities between January 1st and December 31st 2022. The resources allocated for the contribution are 1.5 million euros for the current year and the request must be made telematically using the portal of the Revenue Agency. The deadline for submitting applications will be established by the institution and must be communicated within 90 days from the entry into force of the Decree.
In the application that taxpayers submit, it will be necessary to indicate the amount of the expense subject to facilitation carried out in 2022 for adapted physical activity. It will be the Revenue Agency to determine, then, the percentage of expenditure incurred by each applicant who will be recognized as a tax credit. The calculation will take into account the ratio between the amount of allocated resources and the total amount of eligible expenses indicated in the application.
Other details of the measure
The tax credit, as mentioned, can be used in the tax declaration with reference to the tax period in which the expenses were made as a reduction of the taxes that the taxpayer must pay. If part of the credit amount should not be used, the applicant can use it in subsequent periods tax. Finally, we point out that the credit cannot be combined with other services of a fiscal nature regarding expenses of the same nature.
What is meant by “adapted physical activity”
To understand who the real recipients of the Bonus are, it is necessary to understand what the definition “adapted physical activity” means. The reference is to exercise programs – non-health – carried out in groups and linked to the existence of certain chronic conditions which are therefore aimed at people with chronic pain syndrome or with neuromotor disorders. Arthrosis, osteoporosis, Parkinson’s, stroke are some of the diseases that may require an adapted physical activity whose costs could be amortized thanks to the reference bonus.
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