Anyone who receives a communication of any kind from the Revenue Agency between August 30st and XNUMXth - including good-natured notices - will have a 30-day extension to respond. All postponed to September, in short. There summer moratorium on compliance, insistently requested by the National Council of Accountants, should flow into the new legislative decree being studied by the government. The provision, which contains a package of simplifications corrective of the fiscal delegation, will soon receive the go-ahead from the Government.
In the meantime, however, the Executive's attention is focused on the competitiveness decree, at the center today of a meeting between technicians from Palazzo Chigi, the Treasury and Economic Development. If there are no impediments, the text will be approved tomorrow by the Council of Ministers together with the new measures against the abuse of vouchers announced several times by Minister Poletti.
According to rumors, the most important innovation introduced with the competitiveness decree should be total exemption from capital gains tax for those who invest in bonds issued by SMEs.
There might even be one tax discount for those who will invest their savings in the medium-long term in companies with a maximum turnover of 300 million euros. The aim is to encourage households to support small and medium-sized enterprises, including those listed on the stock exchange.
Another incentive may concern relief on losses for investments and shareholdings in startups.
In addition, to attract foreign capital, the government plans to grant the visa for non-EU citizens who invest in government bonds for at least two years (minimum 2 million euros) or join philanthropic companies or ventures (minimum one million).
An income tax exemption is also possible for i alternative investment funds (Fia) and the listed real estate investment companies (Siiq) investing in public real estate and insurance.
Finally, the tax credit for investment in research it should also be extended to initiatives promoted by multinationals through their Italian subsidiaries.
As for the vouchers – that according to INPS they have increased by 147% in the last two years -, the government will make them traceable with new measures included in the first corrective decree of the Jobs Act.
In particular, it will be foreseen that within 60 minutes from the start of work, employers must send a text message or email to communicate a series of information, including the name and tax code of the worker, place and date of the service. The penalties for those who violate the rules should vary between 400 and 2.400 euros, but there are still some uncertainties on this point.
