From the end of the month, the Revenue Agency will have new data available for the anti-evasion registry. A provision signed yesterday by the director of the Revenue Agency, Rossella Orlandi, establishes that by March 2 (February 28 falls on a Saturday) banks, post offices, SIMs and insurance companies will have to communicate to the tax authorities the data relating to 2013 on the movements of current accounts, credit cards, deposits, pension funds, derivatives, purchases of gold and precious metals, telephone top-ups and access to safety deposit boxes. The 2014 financial numbers will have to be forwarded instead by 29 May and then, from 15 February 2016, the annual obligation to communicate the data relating to the previous year will take effect. The Agency already has the information dating back to 2011 and 2012.
For each customer, operators are required to send the tax authorities the identification code of the relationship and the name of the owner, accompanied by the balances at the beginning and end of the year and the total amount of active and passive movements. These data are crossed with Irpef declarations and other databases by the Revenue Agency to draw up "selective lists” of taxpayers on which to start an investigation (but the investigation does not start automatically: it must be supported by previous suspects). The same numbers will also be used for the "evasion risk analysis".
To date, monthly communications are made through Entratel and Fisconline, while annual communications through Sid (the new data interchange system). From 21016, on the other hand, everything will happen through the Sid.
The provision passed yesterday also establishes the rules to be observed in the event of extraordinary operations, total demergers and transfers of the financial or company branch; cessation of activity without merging with another financial operator; bankruptcy or voluntary liquidation proceedings. Instead, the so-called “casse peota”, which the Bank of Italy has decided to cancel from the general list of financial intermediaries, will remain outside the reporting obligations.
