Italy seizes over €560 million in fake Superbonus tax credits

The Guardia di Finanza in Siracusa, acting on a prosecutor’s order, seized more than €560 million worth of tax credits linked to the Superbonus 110% renovation scheme that were never tied to actual work. Investigators identified a network of over 60 companies, many of them shell entities, that filed falsified documents for 22 condominium projects across provinces including Bergamo, Como, Milan, Rome and others.

The scheme relied on two professionals in the province of Chieti who accessed the Agency’s credit‑transfer platform, generating thousands of fictitious credits that were later sold or used to offset real tax debts. Twelve individuals have been charged with organized crime association, aggravated fraud against the state, money‑laundering and issuing false invoices.

The operation was coordinated with Rome’s Special Unit for Revenue Protection and the Agency of the Revenue’s Illicit Transactions Unit. Prompt seizure orders and a telematic block by the tax agency prevented the funds from disappearing into the financial system, averting a potentially much larger loss to the Treasury.