From the abolition of Equitalia (with the attached scrapping of tax bills) to the new voluntary disclosure, passing through sector studies, the spesometer and various simplifications. There are many measures contained in the tax decree linked to the budget law which the Senate today transformed into law, approving the text passed by the Chamber without modifications.
Here are the new arrivals.
GOODBYE TO EQUITALIA
The collection company will be dissolved from July XNUMX next year and will be replaced by the Revenue and Collection Agency. The transition of employees will be automatic. The new company will go towards overcoming the premium and it will be through the Articles of Association that a solution will have to be identified to guarantee the economic-financial equilibrium of the activity and therefore to cover the collection costs. Equitalia Justice, however, will remain alive.
SCRAPPING OF TAX TAX FILES ALSO FROM 2016
Taxpayers who have Equitalia files dated from 2000 to 2016 will be able to extinguish the debt with the tax authorities without penalties and interest, in a maximum of five installments, of which three in 2017 and two in 2018. The deadline for submitting the requests is set for 31 March 2017 and Equitalia's response must arrive by the end of May. The expected revenue is 2,3 billion euros in 2017 and 1,5 billion euros in 2018.
Even local entities that do not rely on Equitalia, by resorting directly to tax injunctions rather than real folders, will be able to resort to scrapping. On the other hand, folders deriving from sanctions imposed by the market regulatory authorities cannot join the scrapping process.
THE VOLUNTARY DISCLOSURE RETURNS AND EXTENDS TO CASH
Voluntary disclosure is back, ie the procedure that allows illegally exported capital to emerge with a discount on penalties and avoiding incurring criminal proceedings. This time, however, the operation can also be used to declare the capital (in cash) hidden in Italy.
The new voluntary disclosure will be valid for violations committed up to 30 September 2016, which can be regularized by 31 July 2017. Even those who had already adhered to the previous disclosure on capital abroad will be able to adhere to the voluntary bis on cash.
EXPENSOMETER
VAT communications can be made every six months, but only for the first year. Then the quarterly communication will start. For the first year of application, the communication relating to the first semester must be made by 25 July. In subsequent years, however, the communication relating to the second quarter must be made by 16 September and that relating to the last quarter by the month of February.
The communication of the data of the periodic VAT payments is also arriving instead of the communication of the customer-supplier list.
THE TAX CREDIT IS WIDENING
The 100 euro bonus in favor of companies that invest in the "technological adaptation" necessary for VAT telematic communications will be extended to those who choose electronic invoicing between private individuals. Taxpayers who opt for the spesometer are granted an additional credit of 50 euros "for once".
GOODBYE TO INDUSTRY STUDIES: RELIABILITY INDEXES ARE HERE
Instead of sector studies, fiscal reliability indices will be introduced, which will activate reward mechanisms by limiting controls. The measure provides that, starting from the tax period ending on 31 December 2017, the Mef identifies "summary indices of tax reliability to which levels of rewards for the most reliable taxpayers are connected, also in terms of exclusion or reduction of the terms for the assessments, for this purpose to stimulate the fulfillment of tax obligations and the strengthening of the collaboration between financial administration and tax payers”.
STOP AT TAX DAY, EXPIRY IN TWO TRANCHES
The June tax deadlines will be divided into two tranches: the payment of Irpef, Irap and Ires must be made by 30 June while the deadline for the payment of Imu and Tasi remains on the 16th of the month.
TAX SIMPLIFICATIONS
The tax simplification package includes various innovations, from the automatic renewal of the dry coupon in the event of an extension of the rent to the cancellation of taxes on travel and transport expenses for small entrepreneurs, up to the stop to folders and requests for tax documentation in the month in August. The obligation to make an annual declaration for the purposes of the tax on properties held abroad (Ivi) also disappears, which must be made only in the event of changes.
FINES REDUCED ON ELECTRONIC INVOICES
Errors in electronic VAT communication will be punished with a fine ranging from 500 to 2.000 euros, much less than the provisions of current regulations (from 5 to 50 euros). In the event of incorrect data transmission, the fine will be 2 euros per invoice (against the original 25 euros), for a maximum of one thousand euros per quarter, instead of 25.000 euros. In addition, it will be possible to halve the fines by reporting the correction of errors within 15 days.
SUMMER BREAK WITH REVENUE AGENCY
A "summer break" arrives from 1 August to 4 September during which the deadlines for the transmission of the documents required of taxpayers by the Revenue Agency and those for the payment of the sums due following the automatic checks are suspended.
TAX NOTICE NOTIFICATION WITH PEC
The notification of tax notices will take place by means of certified mail to businesses and professionals as well as to taxpayers who request it. The Pec will also be used for the notification of the deeds on cadastral operations and the related sanctions.
ENHANCEMENT OF THE EMPLOYMENT FUND
The measure provides for an increase of 592 million, for the year 2016, of the Social Fund for employment and training also for the financing of social safety nets in derogation.
FACILITIES FOR MUNICIPALITIES WHICH ACCOMMODATE REFUGEES
An additional 600 million euros arrive, through the Regions, for the Municipalities that welcome asylum seekers.
PAPER F24 RETURNS ABOVE 1.000 EUROS
The paper F24 model is back for paying taxes over 1.000 euros. The law aims to simplify compliance for taxpayers who do not have an online bank account.
CLOSURE OF INACTIVE VAT ITEMS
The official closure has been established for VAT numbers that have been inactive for at least three years.
SMALL WITHDRAWALS OUT OF ASSESSMENTS
Small bank withdrawals made by companies for daily business up to €1.000 per day and in any case no more than €5.000 per month are excluded from the assessment.
VIRTUAL STAMP ON CIRCULAR CHECKS AND PROFESSIONAL EXPENSES
Green light to the virtual stamp on cashier's checks. The expenses of professionals for food and beverages and for travel or transport services become deductible.
CUD DELIVERY POSTPONED TO MARCH 31st
The deadline for the delivery by the employer of the single certification (the old CUD) is postponed from 28 February to 31 March.
TAX REFUNDS LIMIT RISES TO 30.000 EUROS
The limit for requesting tax refunds without bank guarantees rises from 15.000 to 30.000 euros.
EXTENSION OF REVENUE AGENCY EXECUTIVE OFFICERS
The managerial positions of the Revenue Agency are extended until the end of September 2017. The measure was adopted pending the start of the bankruptcy procedures for the temporary organizational positions established after the sentence of the Council which rejected the managerial positions assigned to Agency officials .
TAX CREDIT CINEMA: FUNDS DOUBLE
The additional appropriations for tax breaks for the cinema and audiovisual sector go from 30 to 60 million. The resources are subtracted from the budget of the Ministry of Cultural Heritage.
FUNDS TV RIGHTS ONLY TO YOUTH FOOTBALL
10% of Serie A football TV rights will be allocated only to the youth sector and no longer to other sports.
FUNDS FOR RHO-MONZA MOTORWAY
Also arriving is 16 million euros for the transformation of the provincial road that connects Rho to Monza into a motorway, in particular for the crossing tunnel of the Milan-Saronno railway line.
