Against the high cost of fuel, at least for transport companies, comes the diesel bonus, which offers the possibility of deducting the costs for the purchase of diesel fuel in the form of a tax credit. From 1 April 2024 it is possible to submit an application for the diesel bonus, an incentive that allows you to recover the cost of diesel consumed in the first three months of 2024. The contribution is 214.18 euros for every thousand liters of diesel consumed and can be requested both in money and in the form of compensation.
What is diesel tax credit?
The diesel bonus, in the form of a tax credit, is a measure that aims to mitigate the higher costs of a company resulting from high fuel prices and can be requested by Italian companies that operate in the transport sector and use Euro 5 category vehicles or greater with a total mass of at least 7.5 tonnes.
Transport companies can request a tax credit for fuel costs
This credit can cover up to 28% of expenses incurred in the first quarter of 2024 for the purchase of diesel fuel used for vehicle traction, excluding value added tax. The request must be submitted from 3.00 pm on April 1st to 11.59 pm on April 30th 2024.
Tax credit for diesel passenger transport
For companies that carry out road passenger transport services with buses of Euro V category or higher, there is a tax credit that can cover up to 12% of the expenses incurred in the first half of 2022 for the purchase of diesel used for bus traction, net of value added tax.
Diesel tax credit for third party companies
Italian companies engaged in the transport of goods on behalf of third parties (according to Legislative Decree 504/1995 with Euro 5 or higher vehicles, weighing over 7.5 tonnes), can obtain a maximum tax credit of 12% of the expenses incurred in the first quarter of 2024 for the purchase of diesel for their vehicles. This credit is validated through purchase invoices and falls within the provisions of law 197/2022. Requests to obtain this contribution can be submitted from April 1, 2024 at 3:00 pm until April 30, 2024 at 11:59 pm.
Diesel tax credit: how it works and who is entitled to it
The application for the diesel bonus can be submitted online via the Revenue Agency website following a specific path (following the path Excise duties; Energy products; Benefits for automotive diesel; 1st quarter 2024 diesel fuel benefits). If it is not possible to submit the application digitally, it is also possible to do so in paper format using media such as USB pen drives, CD-ROMs or DVDs.
For national companies, declarations must be sent to the Customs Office responsible for the company's operational headquarters. In the case of multiple operating locations, the criterion of the registered office or the main operating location applies. European companies required to submit a tax return in Italy must send the declarations to the Customs Office competent for their place of representation in Italy. The competent office can be identified by consulting the list published on the customs website.
For businesses outside the European Union, you need to check whether they are obliged to file a tax return in Italy. If so, they will be subject to the decisions of each Union merchant.
From 1 April 2024 it is possible to apply for the diesel bonus
In the application for the diesel bonus, it is necessary to specify whether you wish to receive the cash contribution, indicating the Bic and Iban, or if you prefer to receive it through compensation using the tax code 6740 in the F24 form. To obtain a refund, it is mandatory to indicate on the electronic invoice the license plate of the vehicle that refueled at the fuel distribution facilities, as established by the Customs Agency note no. 64837 of 7.6.2018. Subsequently, the declarations must be transmitted via the Customs Telematic Service – EDI by the authorized parties.
Read also:
→ National average fuel price
→ How to save on fuel
→ Fuel prices on Google Maps
→ Fuel excise duties, real petrol and diesel prices
→ Petrol and diesel at 1 euro, discounted price
→ How to refuel at the self-service yourself?
→ How to pay at the fuel self-service
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