New year, new tax? Not really, but there's a lot of news. The most awaited by Italian taxpayers was probably the local tax, which however will not exist: the single levy on the house that was supposed to merge Imu and Tasi had been promised by the Government for 2015, but was then postponed. However, the list of tax innovations to take into account is already long enough: from the pre-compiled 730 to the contribution on new hires, from the baby bonus to the new Isee, passing through the flat rate of VAT numbers, the voluntary disclosure and more.
730 PREFILLED
Starting from 2015, thirty million Italians, including employees and pensioners, will receive their online tax return by 15 April directly from the Revenue Agency. It will be up to the tax authorities to collect and process the data: the taxpayer will still have the obligation to verify its accuracy and completeness, and obviously to pay. If he does it late, he will be fined 100 euros. The deadline for submitting any amendments is July 7. The checks will change depending on whether the pre-filled declaration has been accepted without changes or not. In order to use the service, you need the Single National Pin (Spid), which from February will allow you to access the web services of all public administrations (INPS, Revenue Agency, Municipalities, Schools, Asl).
DECONTRIBUTION FOR PERMANENT-TERM CONTRACTS
For three years, employers will not pay contributions on permanent hiring, up to €8.060 per year, provided that the contracts are signed between 31 January and 2015 December XNUMX and the workers hired have not had a permanent contract in the previous six months. Apprenticeship and domestic work contracts are excluded from tax deduction.
BABY BONUS
This is a three-year contribution of 80 euros per month for each child born or adopted between 2015 January 31 and 2017 December 25. All families with an Isee income not exceeding 160 thousand euros per year are entitled to the bonus. The amount of the check will be doubled to 7 euros for those who have an Isee value under XNUMX thousand euros a year.
NEW ISEE
Since 2015, the ISEE has changed in two respects: the number of social benefits for which the indicator is taken into account increases (for example, the new baby bonus is added), but at the same time the aim is to narrow the number of beneficiaries, excluding who enjoys concessions without being entitled to them. To achieve this goal, the calculation of the ISEE will become more complicated: account will no longer be taken only of income and savings, but also of deposits and bank accounts, bots, bonds, shares and managed assets. Real estate will help raise your income, while you can deduct your spousal allowance. It will also be necessary to indicate the income exempt from Irpef, such as the invalidity pension or the social allowance, as well as those subject to substitute taxes, such as the coupon on rents. Everything, as always, will be related to the size of the family unit.
VAT FORFAIT
The flat rate, which includes Irap, VAT, personal income tax and additional, rises from 5 to 15%, but the number of those who can benefit from the subsidized regime is expanding, in which it will be possible to remain beyond the limit set up to now of five years, which is cancelled. Depending on the activity, different revenue thresholds are envisaged, therefore, in some cases, even those who invoice up to 40 thousand euros a year may be included in the subsidized regime. Furthermore, if you start a business and opt for the new regime, the tax base will be reduced by a third for the first three years.
HEAVY CONTRIBUTIONS FOR SELF-EMPLOYED AND PENSIONERS
Since 2015, the contribution rate of self-employed workers with a VAT position has risen to 30%, provided they are enrolled in the separate INPS management but not in other compulsory social security management, nor pensioners. For those who instead receive a social security check and are enrolled in another management, the rate rises to 23,5%.
TFR IN PAYROLL
For the pay periods between March 2015, 30 and June 2018, 15, private sector employees with an ongoing employment relationship for at least six months, excluding domestic and agricultural workers, may request to collect the accruing portion of the Severance indemnities, including those possibly intended for a supplementary pension scheme, through direct monthly payment. The severance pay in the pay slip is subject to ordinary taxation and will not be taxable for social security purposes. The tax levy will therefore be calculated with the marginal Irpef rate and no longer with the facilitated rate currently envisaged for the severance indemnity. However, nothing will change for workers with an annual gross income of up to 80 thousand euros (the same ones who are entitled to the 23 euro bonus), because in their case the Irpef and severance pay rates coincide (15%). Once the threshold of XNUMX thousand euros has been exceeded, however, anticipating the severance indemnity involves increases, even if for the second income tax bracket the burden is minimal. Here is the scheme:
– From 15 to 28.650 euros of income (IRPEF rate at 27%) taxes increase by around 50 euros.
– From 28.650 to 55 thousand euros of income (IRPEF rate at 38%) the increase is around 300 euros.
– From 55 to 75 euros of income (IRPEF rate at 41%) the expected increase is around 500 euros.
– Over 75 thousand euros of income (IRPEF rate at 43%) anticipating the severance pay will result in a tax burden of just under 600 euros.
Not only. The addition of the severance pay to the paycheck can raise income by triggering the higher Irpef rate, but it can also increase the ISEE, translating into lower benefits - in terms that vary according to the Municipalities - for nursery schools, canteens tuition fees, university fees and Tasi deductions.
PENSION FUNDS AND TFR REVALUATION
The tax rate rises from 11 to 20% for pension funds and from 11 to 17% for the revaluation of the Tfr. However, the increase will be partially repaid with a tax credit to those who support medium-long term investments in the real economy.
HOME BONUS
The tax bonuses of 2015% for renovations and 50% for energy requalification interventions (which also includes anti-seismic interventions), as well as those of 65% for the purchase of new furniture and large appliances, have been extended to 50 . To get the discount on furniture, you must have carried out renovation work and the overall spending ceiling remains at 96 euros, within which the discount for furniture and large appliances is worth up to 10 euros. Payments for renovations must be made by bank transfer, while ATMs are fine for furniture and large appliances. Fridge, washing machine and dishwasher must have at least energy class A+, for ovens A is sufficient.
VOLUNTARY DISCLOSURE AND SELF-LAUNDERING
Anyone who has committed tax violations and hidden money or assets abroad or in Italy can bring out the sums with a self-report through the so-called voluntary disclosure. The evader will have to pay all the taxes evaded but will have discounts on penalties and interest, will not incur the penalties envisaged for tax crimes committed and above all will not be prosecuted for the new crime of self-laundering, which was introduced in the provision precisely with the aim to give a boost to emergence. Payment by the author of the violations must be made "in a single solution" or in "three monthly installments". The procedure can be activated by 30 September 2015 for violations committed up to 30 September last. Self-laundering, which has been included in the Italian penal code, provides for a double track: the sentences will be more or less severe depending on whether the money is the result of a crime punishable with sentences of more or less than five years.
VAT ON E-COMMERCE, WHERE THE BUYER IS COUNTS
Italian consumers who shop online will pay the Italian VAT (at 22%), while suppliers based in Italy will have to apply the VAT of the buyer's country of residence.
VAT ON E-BOOKS REDUCED TO 4%
The tax on e-books is reduced from 22 to 4%, like that on paper books. The EU had warned Italy asking not to enact this measure, which however has been in force since 2015 January XNUMX.
CIGARETTES, EXCISE DUTIES GO UP
From 2015 January 4, the excise taxes on cigarettes will go up. The increase will be between twenty and forty cents and will mainly concern packages costing up to 40 euros and 4 cents. The brands with the lowest prices will be the most affected, while for the more expensive cigarettes the variations will be minimal. The 4-euro packs, for example, should go up to 15 euros and XNUMX cents, but it is not said that the producers decide to pass all the increase on the final price of the product.
