Starting from October 2024, trucking companies will be able to request the diesel trucking bonus on behalf of third parties, a tax credit intended to reduce fuel costs for vehicles used in freight transport. This incentive is reserved for companies that operate vehicles with a total mass equal to or greater than 7.5 tons and that use vehicles in the euro category 5 or higher. In this guide, we explain who is entitled to it, how it works and how to apply for the third-party diesel trucking bonus in 2024.
What is the Diesel Trucking Bonus for Third Parties
The third-party trucking diesel bonus is a tax credit, equal to 12% of the expense incurred for the purchase of diesel, intended for trucking goods companies that operate vehicles of at least 7.5 tons in total mass and in the category of euro 5 or higher. This incentive is managed by the Customs and Monopoly Agency (ADM) and applies to expenses incurred
in 2023.
Who is entitled to
The diesel trucking bonus for third parties is reserved for companies with registered office or permanent establishment in Italy, registered in the National Register of Truckers of Things on behalf of third parties. The tax credit is available for companies that use vehicles with a total mass equal to or greater than 7.5 tons, in the euro category 5 or higher.
How much does it amount to
Every company that meets the requirements can benefit from a tax credit of up to 12% of the expenses incurred in 2023 for the purchase of diesel, net of VAT. The total fund available for this bonus in 2024 is 20 million euros. Expenses must be substantiated by purchase invoices.
How Does the Diesel Trucking Bonus for Third Parties Work
The bonus works through an ‘on demand’ procedure. Starting from October 2024, businesses can apply for the tax credit. The Ministry of Infrastructure and Transport will carry out the necessary checks and will transmit the list of admitted companies to the Revenue Agency, which will credit the bonus. Eligible companies will be able to use the credit in compensation through the F24 model.
Cumulability
The tax credit can be combined with other benefits that cover the same costs, as long as the cumulation does not exceed the total amount of expenditure incurred. This aid is compatible with the internal market according to European Union regulations.
How to Apply
Applications for the third-party trucking diesel bonus will be open in October 2024. Companies can submit the request through the dedicated portal, using SPID, CIE or CNS. After filling out and submitting the application, the progress will be trackable online. The questions will be treated in chronological order
.
How to Use the Tax Credit
Once obtained, the tax credit can be used by submitting the F24 model through the electronic services of the Revenue Agency. The specific tax code for the bonus will be communicated by the Agency itself
.
From When Can You Use the Tax Credit
The tax credit will be available for use once the Revenue Agency has received the data from the Ministry of Infrastructure and Transport. Compensation related to 2023 expenses will be recognized as of October 2024
.
Application Deadline
Applications for the 2024 diesel bonus must be submitted by October 2024. We will update this guide with specific dates as soon as they become available.