The new 2026 hyper-depreciation is generating significant interest among businesses. Just two months after the GSE platform opened on June 12, 2026, nearly 15,000 requests have been submitted, representing a total investment value of approximately 4.75 billion euros.
These figures highlight the significant attention the production system is paying to tools designed to support investments in innovation, digitalization, and technological transformation. However, the data must be interpreted correctly, especially regarding the relationship between the value of reported investments and the resources actually absorbed by the measure.
The new Transition 5.0 Plan actually provides for a different monitoring system than the one that characterized the previous tax credit. Law no. 199/2025 entrusts the Ministry of Economy and Finance with monitoring the financial effects of the measure, based on information transmitted by the GSE and MIMIT. Therefore, there is no public counter for residual resources from which to simply subtract the value of investments already reported.
To understand the actual financial impact of the incentive, it will be necessary to consider the evolution of projects, the investments actually completed, the recognized increases, and the distribution of interventions across different investment brackets. These elements must then be associated with the tax effects produced by the benefit.
The figure of 4.75 billion euros in reported investments therefore primarily represents an indicator of the demand expressed by businesses. Within the first ten days of the platform's opening, 3,355 reservations had already been registered, totaling over 1.25 billion euros. In the following period, the value grew rapidly, reaching the levels recorded as of August 13.
The indicative average cost per request is around 317,000 euros, although this is a purely indicative value, since the same company can submit multiple notices and the amounts may change during the process provided for by the measure. The number of investments that have already reached the confirmation stage is also particularly significant. Approximately 2.27 billion euros, equal to just under 48% of the total reported, have already reached this second step, while approximately 2.96 billion euros still refer to preliminary notices. Confirmation represents an important moment in the project's progress, as it implies that the company has made more concrete economic commitments. The regulations require, for ordinary purchases, the indication of orders accepted by the seller and the payment of a down payment at least equal to 20% of the acquisition cost of the asset. Applying this percentage to the 2.27 billion euros already at the confirmation stage results in a theoretical value of approximately 454 million euros in minimum down payments. In this case, too, it is a useful estimate for understanding the level of investment progress rather than the amount of public resources used. The available data also show a clear prevalence of investments in digital tangible assets, which represent approximately 98% of the total value reported to the GSE. Out of 4.75 billion euros, this is approximately 4.65 billion euros. Business demand therefore appears heavily concentrated on machinery, plants, and other capital goods characterized by high technological and digital content, while software and investments related to the energy component represent a residual share, at least in this initial phase. This composition is also particularly relevant in evaluating the tax impact of the measure, as the benefit depends on the type of assets, the amount of the investment, and the period in which the investment is completed. It is precisely on the tax level that it becomes essential to distinguish the value of investments from the overall financial dimension of the Plan. The 4.75 billion euros reported to the GSE represent the cost of investments planned by businesses, while the 9.8 billion euros associated with the new Transition 5.0 Plan do not constitute a fund from which to directly subtract this amount. The new hyper-depreciation operates through an increase in the tax-recognized cost of the asset. The company therefore benefits from a higher tax deduction that is reflected over time through depreciation quotas or, in the case of financial leasing, through the relative lease payments. To understand the mechanism concretely, one can assume an investment of 1 million euros entirely included in the first bracket, to which a 180% increase is applied. In this case, the increase results in an additional deduction of 1.8 million euros. For a company subject to IRES (Corporate Income Tax), assuming a rate of 24% and the presence of sufficient taxable income, the nominal IRES savings linked to the higher deduction could reach 432,000 euros. The benefit, however, does not translate into immediate savings but is distributed over time according to the asset's depreciation schedule. The actual tax advantage will also depend on the company's income and tax situation. The strong growth in requests thus confirms the interest of businesses in the new 2026 hyper-depreciation and in the tools intended to encourage investment in innovation and digitalization. However, to understand how much of the measure's overall financial capacity has actually been absorbed, it will be necessary to wait for the evolution of investments and the data resulting from the monitoring of costs provided for by the regulations.
For businesses planning new investments, the measure therefore represents an opportunity to be evaluated carefully, verifying in advance the existence of the requirements, the correct classification of assets, and the documentation necessary to benefit from the incentive.