From the new Imu to the eternal return of the supplier-customer list, passing through another anti-evasion squeeze and various measures to facilitate the bureaucratic life of companies. These are the fundamental pillars of the decree on tax simplifications approved yesterday by the Council of Ministers. After days of endless discussions about labor reform and liberalizations, Mario Monti's team concluded a long meeting of over 5 hours and launched a new text of about forty pages.
In reality, the most awaited measure was the one that foresaw new relief for the lowest incomes thanks to the resources arriving from the fight against tax evasion. But it is a move that is more political than accounting in nature and there are several obstacles in its way. There are of course the strict budgetary objectives to be respected, but it is also necessary to preserve the credibility that the Professor has been able to build in the eyes of Europe. In Brussels they must not have the impression that the Italians, who survived the storm, are being tempted again to widen the purse strings.
Not to mention that 2012 will be a year of recession for our country, and with a mountain of government bonds to repay - at higher interest than in the past -, the goal of putting together a reserve to lighten taxes already seems unattainable . The Executive therefore intends to follow a different path: for the discounts we will have to wait a few more years, but in the meantime a fund will be set up into which to channel the proceeds of the fight against tax evasion in 2012 and 2013. Money which, compatibly with compliance with the budgetary objectives, will be redistributed among the weaker groups, but only later. Every year the Minister of the Economy will have to report to Parliament on the extent of these resources.
Here are the other main provisions contained in the decree:
THE CUSTOMER-SUPPLIER LIST IS BACK, GOODBYE TO THE EXPENSE METER OVER 3.000 EUROS
No more spending meters for purchases and services for VAT purposes over 3 euros, for which the customer-supplier list returns, which requires reporting to the tax authorities once a year on all transactions requiring an invoice.
VERIFICATION OF VAT NUMBER
The taxman will check the existing VAT numbers and close those that have been inactive for at least three years. A service will be created on the Revenue Agency's website which will make it possible to verify the existence and correspondence of each individual VAT number, in order to unmask fraud.
BLACK LISTS AND TARGETED CHECKS FOR THOSE WHO DO NOT ISSUE THE RECEIPT
Businesses surprised several times not to issue a receipt will be included in a series of black lists. The Revenue Agency will have the power to periodically submit them to in-depth checks. Furthermore, taxpayers subject to sector studies, therefore mostly traders, will be required to be particularly accurate and honest in completing the questionnaires on income forecasts. In fact, anyone who falsifies or does not respond to the questionnaires, in addition to suffering the pecuniary sanction already provided for by law, will automatically be included in the selective list.
THE NEW IMU
Incoming deductions of 200 euros per year on a single property for each family, regardless of the number of houses owned. Another 50 euro deduction for each dependent child under the age of 26.
FLEXIBLE INSTALLMENTS FOR EQUITALIA DEBTS
The installment of tax debts, by choice of the taxpayer, may become flexible. An installment plan may be requested which provides, instead of constant payments over time (the constant installment plans already issued will not be affected), increasing payments for each year, so as to allow families in difficulty to postpone a large part of the 'I commit.
SOFT FORECASTS
In the case of foreclosures of company capital goods, the owner will be appointed as a judicial custodian, in order to allow the company to continue its business. As far as private individuals are concerned, the decree establishes a new maximum attachment limit up to the tenth of the salary, and no longer the fifth.
GOODBYE TO THE TAX DOMICILE
The obligation to indicate the tax domicile in the deeds presented to the financial administration is skipped. The specification of the address must be indicated "only where expressly requested".
Attachments: Tax simplification decree law scheme.pdf
