The 2024 publishing bonus represents a significant opportunity for companies that publish newspapers and periodicals, offering a 30% tax credit on the expenses incurred for the purchase of the paper necessary to print newspapers. This guide explains how the bonus works, who can benefit from it and how to apply
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Table of Contents:
What is the Publishing Bonus
The publishing bonus is a tax incentive, introduced by the 2022 Budget Law and confirmed for 2024, which allows companies that publish newspapers and periodicals to obtain a tax credit equal to 30% of the expenses incurred for the purchase of the paper used in the printing of newspapers.
This incentive aims to support the publishing sector in a challenging economic environment
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Who is entitled to the Publishing Bonus
The bonus is reserved for companies that publish newspapers and periodicals that meet the following requirements:
- Registered office in a State of the European Union or in the European Economic Area.
- Tax residence in Italy or a permanent establishment on the national territory.
- ATECO code corresponding to the edition of newspapers (58.13) or magazines and periodicals (58.14) registered in the Business Register.
- Registration in the ROC (Register of Communication Operators) established at the Authority for Communications Guarantees.
How much is the Tax Credit
The tax credit is calculated as 30% of the actual expenses incurred for the purchase of paper intended for the printing of newspapers and periodicals. The expenses must relate to the year 2023 and must not include the paper used for the publication of advertisements
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Eligible Expenses
Eligible expenses for the publishing bonus include:
- Costs incurred in 2023 for the purchase of paper intended for the printing of newspapers and periodicals.
- Exclusions: Editorial products expressly excluded from the law and paper used for advertisements.
In case of insufficient available resources, the tax credit will be distributed proportionately among the beneficiaries.
How the Publishing Bonus Works
The publishing bonus is provided in the form of a tax credit. Here’s how the process works:
- Submission of the application: Businesses must submit an application to the Department for Information and Publishing.
- Approval: The lists of beneficiaries and the amounts due are approved and published by the Department.
- Use of the credit: The tax credit can only be used as compensation in the tax return.
How to Apply for the Publishing Bonus
The application for the 2024 publishing bonus must be submitted online by September 30, 2024. To access the platform, authentication through SPID, National Service Card (CNS) or Electronic Identity Card (CIE) is necessary
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How to Use the 2024 Publishing Bonus
The tax credit obtained can be used in compensation through the F24 model, presented exclusively through the electronic services of the Revenue Agency, starting from the fifth business day following the publication of the list of beneficiaries.
Deadline for Submission of the Application
The deadline for submitting an application for access to the publishing bonus is September 30, 2024. Applications must be completed by this date to avoid the forfeiture of the right to the benefit
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Demand Support
For help filling out the application, a user manual and a telephone support service are available from Monday to Friday. For clarifications on the tax credit, it is possible to send requests by e-mail
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Bonus not cumulability
The publishing bonus cannot be combined with other benefits provided for by state, regional or European regulations, nor with the direct contributions established by Legislative Decree no. 70 of 15 May 2017.
Regulatory References
- Budget Law 2022: Established the publishing bonus.
- Circular No. 1 of December 6, 2022: Provides details on methods and recognition of the tax credit.
Conclusions
The 2024 publishing bonus represents an important support tool for companies that publish newspapers and periodicals, helping to bear the costs of paper used for printing. Interested companies must ensure that they submit their application within the due deadline and that they comply with all the requirements to be eligible for the tax credit
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