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Imu: chaos over the final installment, but Grilli says no to the postponement

Municipalities late with the rates – Caf alarmed by the wave of requests for help arriving in December – Grilli however denies the extension: “It's not possible. We need revenue this year otherwise deficit targets are at risk. The deadlines are those, the State has made its decisions”.

Imu: chaos over the final installment, but Grilli says no to the postponement

How much does the IMU cost us? After months of controversy and postponements, still no one is able to answer this question precisely. But now time is running out: we will have to pay the balance by December 17th of the new and much hated property tax. A blow that is expected to be much heavier than the one that arrived with the June down payment, because it will include the adjustment. Basically, we will also have to pay the difference between what we paid with the down payment and what we would have had to pay based on the new rates established by the Municipalities. 

I calculations as always they will not be easy and this time they will also have to be done in a hurry. Municipal administrations have until next Wednesday to finalize their decisions. At that point, another four weeks will be needed for the official publication and transmission to the Ministry of the Economy, which will take care of making all the indispensable documents known via the web by 30 November. Then it's time to dig into your wallet. 

The risk is that millions of requests for help will engulf the tax assistance centres. Because of this the National Council of Caf has chosen to launch a preventive SOS: the president Valentino Canepari requested a postponement of the deadline to 31 December, pointing out that so far only 1.500 Municipalities have communicated all the data useful for calculating the IMU.   

"It is not possible – replied today the Minister of the Treasury, Victor Grilli – we need revenue this year otherwise deficit targets are at risk. The deadlines are those, the State has made its decisions”. With all due respect to those who work in Cafs and above all taxpayers, who in many cases will need to wait for the thirteenth to be able to pay the tax and therefore will most likely be reduced to the last second. 

We remember that the rates standards are set at 0,4% for first homes and 0,76% for other properties (second homes - including those abroad -, rented houses, building areas, agricultural land). The fluctuations at the discretion of the statutory auditors are respectively 0,2% and 0,3%. On the second home, however, 0,38% will still go to the state. It is therefore widely foreseeable that local administrations will raise the rate instead of lowering it, in order to obtain a substantial revenue to keep in cash.

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