Sunday, September 22, 2024

Settlement with creditors, VAT numbers that are not blacklisted: what does it mean?

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to’membership the agreed budget for the biennium For them VAT numbers It’s not mandatory, but failure to join will actually be penalized by being included in some sort of black listIt was the Deputy Minister of Economy, Maurizio Leo, who explained the mechanism: to encourage the largest number of independents to adopt the agreement, Tax controls Of those who say no. “We expect broad participation,” Liu explained.

black list

Those who do not guarantee their membership will automatically end up on the lists of taxpayers selected by the Finance Department to be monitored. Each profile will be associated with a value based on certain criteria and Tax risk indicators.

Vice Minister Liu speaks at Private televisco Organized by Sun 24 hoursHe reiterated the importance of the biennial safeguard agreement to simplify the relationship between tax authorities and taxpayers. “There will be no negative impact when income and VAT are declared correctly, but if they are not declared correctly, there will be a possibility of assessment,” Liu stressed.

This possibility is provided for in the second paragraph ofArticle 34 The follower Decree Law No. 13/2024“The Revenue Agency and the Financial Police plan to use greater operational capacity to intensify surveillance activities against persons who do not comply with or waive the biennial safeguard agreement,” the cunning is warned.

New IT Tools

No increases in staff numbers are envisaged because, according to the legislation, “the relevant departments ensure the relevant commitments within the limits of the human, instrumental and financial resources available under current legislation.” However, the structural budget plan provides for increased financial controls thanks to Advanced Technologies Thanks for Database Interoperability.

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Sanatorium hypothesis

To encourage the self-employed to join the biennial preventive agreement, some voices in the government majority called for an amnesty for the past, for the five-year period from 2018 to 2023. The proposal was then formalized in an amendment that ended up in the omnibus decree. Vice Minister Liu did not comment on the hypothesis of combining membership and amnesty. The ball now goes to the relevant offices, which will evaluate the technical aspects, and then parliament will choose whether to approve or reject the proposal.

Who can join and what is the benefit?

VAT numbers have just over a month to go, which an end It has been fixed for October 31The door is open for owners. VAT number applied by international auditing standards For those who have joined the flat rate system. In the next few days, participants will receive a notification directly in the tax drawer on the Revenue Agency’s website. The invitation to join has already been sent, but the rules may change in the process.

The advantage for those who join is that Knowing how much your taxes are in advanceThe Revenue Agency will prepare a proposal for the taxes due for the year 2024 for those who joined the flat rate system and for the biennium 2024-2025 for Isa taxpayers. Those directly concerned will not be subject to the tax assessment provided for in Article 39 of Presidential Decree No. 100.600/73.

If Isa taxpayers join this tool, they will be able to benefit from a series of rewards. However, there will be no impact in terms of VAT.

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