The new Fiscal decree opens a critical front between the government and the production system, with direct effects on investments related to Transition 5.0. The rules introduced, particularly on tax credits, are causing great concern among businesses, both because of the economic impact and the implications for regulatory certainty.

Among the main critical elements reported by Confindustria, two stand out. On the one hand the tax credit cut for companies that had already booked incentives, on the other hand the absence of resources for so-called “exodus”of the 5.0 plan.

Orsini: “Open a table now, trust at risk”

Making a strong plea for immediate action on the issue of 5.0 redundancies is President Emanuele Orsini. “We learn with great concern about the lack of resources allocated to the exodus workers linked to the Transition 5.0 plan. This is a crucial issue that cannot be postponed or downgraded,” emphasises the president whose request is clear: reopen the institutional confrontation to re-establish what has been shared in recent months.

“This is why we urgently call for the opening of a discussion table with the Minister of the Economy as early as next week. Giancarlo Giorgetti, the Minister of Enterprise and Made in Italy, Adolfo Urso and the Minister for European Affairs, Tommaso Foti“Orsini further adds.

Central to Viale dell'Astronomia's position is the issue of the credibility of public commitments. “It is imperative that what was agreed last 27 November be confirmed: the resources for the exodus 5.0 must be fully maintained. The credibility of the commitments made is a fundamental element,” Orsini goes on to explain, concluding: “The trust between institutions and the production system cannot be broken. On this point we need a clear, rapid and consistent response to the commitments made”.

5.0 tax credit: 65% cut and retroactive effects

Besides the resource issue, the Tax Decree introduces changes that directly affect the incentives for planned investments as the Vice-President for Industrial Policy and Made in Italy explains, Marco Nocivelli, in a note highlighting the scope of the measures.

“The tax decree published yesterday in the Official Gazette introduces very penalising provisions for companies that booked the 5.0 tax credit between 7 and 27 November 2025.”.

In detail, explains the vice-president, “the text provides for a 65% cut in the tax credit claimed. The measure also excludes investments in renewable energy sources, in particular the most efficient photovoltaic plants registered in the register of ENEA, which companies were induced to buy”.

An intervention that, according to Confindustria, also introduces highly critical elements at a legal level. “Such a decision - which, let us remember, has retroactive effects and infringes on the principle of legitimate expectations - heavily penalises companies that have completed substantial investments in 2025 and that will face further liquidity problems at an already particularly complex time”.

Unfulfilled commitments and investment risk

The position of Confindustria explicitly recalls the reassurances received in previous months, highlighting a discontinuity between what was announced and what was provided for in the decree.

“In November, we received assurances from Ministers Giorgetti, Foti, and Urso that the so-called ‘exodus’ companies of the 5.0 with congruous projects would have access to the subsidy according to the conditions of the Plan, which was set to end on 31 December 2025.

The issue, in essence, shifts from the individual measure to a broader problem of reliability of the regulatory framework. “The fact of not being able to rely on the government's regulations and declarations deeply undermines the confidence of businesses in institutions and incentive measures and discourages those who would like to continue to do business in Italy.

The demands to the government: restore resources and correct the Fiscal Decree

In the framework outlined, Confindustria therefore calls for swift intervention already in the parliamentary passage of the decree, in order to realign the measures to the commitments made. “We finally learn from Mimit's statements this morning that more resources would be found for the hyper-amortisationOur answer is first to pay off the debt to the exodus-ridden companies of the 5.0″, adds Nocivelli, who then concludes: “We therefore call on the government to restore the commitments made to the Italian productive and industrial fabric as soon as possible, and in any case, not beyond the parliamentary passage that must take place very quickly.