Founded by Prof. Francesco Buonocore in 1971, now in its second generation with the entry of his sons Nicola and Rosalia Buonocore and daughter-in-law Dr. Angela Buoninconti, Studio Buonocore is a historical firm in Campania highly specialised in corporate, financial and tax consultancy, with a particular focus on Tax & Legal, Financial and Advisory Services areas. In this lengthy interview, Dr. Rosalia Buonocore explains the important novelties introduced by Law Decree no. 124/2023 of 19.09.23, which provided for the creation of the single Mezzogiorno SEZ.
by Roberta Imbimbo
Dr Buonocore, with what mission was the Studio founded by your father over fifty years ago born?
Present on the market since 1971, Studio Buonocore is a historic Campania-based firm highly specialised in corporate, financial, and tax consultancy, with a particular focus on the areas of Tax & Legal, Financial, and Advisory Services. 18 professionals endowed with passion and solid transversal skills specialised in management and corporate consultancy, national and international taxation, technical expertise in corporate and asset protection operations, sustainability reports, transfer pricing.The mission is obviously to provide all-round, highly qualified and reliable consultancy, targeted and tailored to the specific needs of each individual client, aimed not only at SMEs but also and above all at groups of companies, with the aim of assisting management in solving strategic, managerial and organisational problems and consequently supporting the company’s growth and development in the reference market. On the strength of consolidated experience acquired in over 50 years of history, the firm boasts specific and multidisciplinary knowledge of the highest level, which over the years has earned it important awards and recognition.
He has recently become a Sole 24 Ore Business Partner in the field of M&A (extraordinary transactions) and Tax Credits – which represent the Firm’s core business – with a particular focus on pre-acquisition due diligence and evaluation of construction credits; pre- and post-litigation analysis ; evaluation of the requirements, quantification and procedures for the use of Tax Credits for the Mezzogiorno (South Italy), Special Economic Zones (SEZs) Tax Credit, tax credit from ecological transition; matters in which the firm boasts highly specialised know-how that makes it a professional reality of excellence throughout the country.
What new features were introduced by Law Decree no. 124 of 19.09.23?
Legislative Decree No. 124/23, in order to boost the economy of the southern Italian regions, established a single Special Economic Zone (SEZ) in the Mezzogiorno, which, as of 1 January 2024, will replace the current eight Special Economic Zones fragmented into eight different administrative structures.This is a delimited area of state territory – which includes the territories of the regions of Abruzzo, Basilicata, Calabria, Campania, Molise, Apulia, Sicily, and Sardinia – within which companies that are already operating and those that will set up will be able to benefit from various types of advantages, in relation to investments and business development activities. In this regard, the Legislative Decree under review provides that, for companies making the acquisition of new capital goods (machinery, plant and various equipment) intended for production facilities located in the assisted areas of southern Italy, as well as land or buildings instrumental to the investments a contribution in the form of a tax credit is granted to the maximum extent allowed by the 2022-2027 regional aid map up to a maximum rate of 60% of the investments made, from 1 January 2024 to 15 November 2024, up to a maximum, for each investment project, of EUR 100 million. However, the value of the land and buildings may not exceed 50 per cent of the total value of the subsidised investment; investment projects of less than EUR 200,000 are not eligible.
How do you rate this Reform?
This is a very important Reform to maximise the competitive impact of the entire Mezzogiorno, through the adoption of a simplified authorisation procedure, with recognition of equal development opportunities for all the territories of southern Italy; the last chance for companies in the south to make radical changes to their production structures. However, since this is an articulated and constantly evolving subject, it is extremely necessary to turn to professionals with qualified experience. Studio Buonocore is highly specialised in the feasibility study for the ZES tax credit, especially with regard to the modalities for accessing the benefit and use of the facilitation.
For further information (https://www.studiobuonocore.net)
