From 2017 January 30, businesses and self-employed workers who adopt traceable payment instruments for all transactions over €XNUMX will obtain a tax benefit from the Revenue Agency: the reduction of one year of the terms of assessment. This was established by a decree issued by the Treasury on 4 August and published in the Official Gazette on 6 September.
traceable tools we mean not only credit or debit cards, but also bank or postal transfers, as well as non-transferable bank, bank or postal cheques.
It is important to underline that, in order to benefit from the reduction of the assessment terms, precisely all transactions over 30 euros (incoming and outgoing) must be traceable. This means that making or receiving even a single cash payment of more than 30 euros prevents you from obtaining the benefit.
Obviously, taxpayers must demonstrate to the tax authorities that they have complied with the rule. The easiest way to do this is to use the electronic invoice, which however – between private individuals – remains optional.
To those who choose to use it, the tax authorities should make available the Interchange System, the same tool used for electronic invoices (in this case mandatory) towards the Public Administration. In doing so, the Agency will immediately receive all the data it needs.
Those who instead choose not to use the electronic invoice will be able to fulfill the obligation to notify by electronically transmitting all the data to the Revenue Agency relating to invoices issued and received.
