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Personal income tax and VAT: the black day of taxes

Important deadline for over 5 million small entrepreneurs and VAT numbers: by today they have to pay 14,6 billion euros - Not only VAT (9,3 billion), but also personal income tax withholdings and contributory taxes (4,9 billion) of collaborators and employees – For joint-stock companies another 400 million in taxes for the endorsement of corporate books.

Personal income tax and VAT: the black day of taxes

Black day for the Italian entrepreneursat least on the tax side. The same fate also for all the exterminated army of VAT matches homegrown. These two categories – which together form an audience of over five million people – share a painful deadline: by today they must pay the Treasury a total of over 14,6 billion euros (the figure was calculated by the Cgia of Mestre).

A river of taxes: not only VAT (9,3 billion), but also personal income tax withholdings and contributions (4,9 billion) of collaborators and employees. It is not enough. For corporations there is also another duty to fulfill: the payment of the fee for the validation of corporate books (another 400 million).

“At a time when companies, especially very small ones, are short of liquidity and suffer from the credit crunch in progress – comments Giuseppe Bortolussi, secretary of the Cgia -, this deadline risks being a real stress test which will measure the financial stability of our production system”.

Today's deadline "assumes a very important importance, because the consequences of Berlusconi's summer maneuvers and Monti's Italy-saving scheme are beginning to make their effects felt for the first time". In particular, companies "that have a quarterly deadline - concludes Bortolussi - will pay VAT for the first time at the 21% rate introduced, starting from the last quarter of 2011, by the Berlusconi government".

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