The season of 2024 tax return important door news for Italian taxpayers. Now, the presentation of the 730 model is made simpler, allowing employees and pensioners to access their data in advanceInland Revenue and to modify or confirm them via a new guided path. The forms relating to income taxes, VAT and IRAP have also been streamlined and made easier to fill in, reducing the bureaucratic burden. The deadlines were standardized, with the September 30th as the deadline for submitting the declaration. Among the new features, the exemptions: a relief for those employees who, during the year, have changed companies and find themselves with several unique certifications to manage. But let's see them in detail new rules for the 2024 tax return.
2024 tax return, who has to do it?
Generally speaking, those who are fiscally residents in Italy must submit the declaration for all income accrued anywhere in the world. Likewise, residents abroad must declare i income received in Italy.
In 2024, those who, during the 2023 tax period, received income and do not fall into the exempt categories must submit a tax return. This obligation also applies to persons required to keep accounting records and to VAT holders, who must submit the annual return even if they have no income to declare. Possession of a VAT number constitutes in itself a requirement fordeclaration obligation.
Who is not obliged to submit a tax return?
However, cases of exemption from the presentation of the declaration ed exemptions for certain categories of taxpayers:
- The employees who have changed employer over the course of the year and own more unique certifications are exempt, provided that the tax corresponding to the total income does not exceed 10,33 euros.
- Those whose income comes frommain house, appurtenances and unrented buildings are exempt from the declaration, unless the unrented building is located in the same municipality as the main residence. Even those who receive income from employment or pensions are exempt, provided that such income is paid by a single tax withholding agent required to make the withholdings, or by multiple tax withholding agents provided they are certified by the last one who made the withholding. adjustment.
- Anyone who receives income from coordinated and continuous collaborative relationships, including project work, excluding non-professional collaborations with amateur sports clubs and associations. Even those whose income is subject to withholding tax such as interest on bank or postal current accounts, income deriving from socially useful work or income subject to substitute tax (other than that subject to flat tax) are exempt from the obligation.
- Those who fall into specific income limits. For example, when the income from property, land or buildings is less than 500 euros, or when the income from employment or other types of work is less than 8.176,00 euros with a period of work or pension of no less than 365 days. These exemptions also apply in the case of pensions and other types of income less than 8.500 euros, with specific combinations for different types of income.
2024 tax return: here's all the news
Le new measures of rationalization and simplification of tax returns have been divided into four distinct paragraphs. The first concerns simplifications for natural persons who do not have a VAT number; the second concerns the income, VAT and IRAP models; the third paragraph deals with the declaration of withholding agents and the fourth the new deadlines.
Simplified presentation of the 730 form and pre-compiled income form
The circular from the Revenue Agency n. 8/E of 11 April 2024 outlined the innovations introduced by legislative decree no. 1/2024 regarding the simplification of tax obligations. Among the most relevant measures is the new one mode simplified for la presentation of the 730 model.
Employees and pensioners can now access Revenue Agency data in advance, via a guided path, to confirm or modify information. This data will then be automatically entered into the 730 form.
At the same time, the pre-filled income form for natural persons with a VAT number. This method aims to further simplify the compilation of the declaration, providing useful data such as that relating to family members, deductible expenses and certifications issued by tax withholding agents.
The extension of the simplified declaration and income from foreign sources
La simplified declaration will be extended gradually to all taxpayers without a VAT number. This means that even those who receive capital income, such as from investments, will be able to use this simplified method. The goal is to make the tax filing process more accessible, reducing the bureaucratic burden for a wide range of people.
Among the new features, there is the inclusion of capital income from foreign sources subject to substitute taxation in the 730 declaration. This innovation offers greater transparency to taxpayers with investments or income coming from abroad. Furthermore, it is now possible to request a tax refund directly from the Revenue Agency or make the payment due, even if you have a tax withholding agent.
Streamlined income, VAT and IRAP models: here are the new features
The new rules simplify templates for declaring Income, VAT and Irap. Now, you no longer need to enter non-critical information to calculate your taxes. This information can be obtained from the Revenue Agency or other administrations. In particular, tax credits for aid to economic operators can be used to pay off debts without having to indicate them in the declaration. If you do not indicate them, you will not lose the benefit, as long as the credits are valid. This rule does not apply to tax credits such as state aid or de minimis aid. Furthermore, the pre-filled tax return is also tested for self-employed workers and entrepreneurs.
Starting this year, the pre-compiled declaration also for the owners of VAT number, although in the initial phase this option is only granted on an experimental basis.
Declarations from tax withholding agents: here's what changes
From 2024, theelectronic invoice requirement it also extends to individuals on a flat-rate or advantageous regime, with the exception of those who must send information via the health card system.
This means that i tax substitutes are exempt from the obligation to issue the Single Certification for compensation paid to taxpayers in the subsidized regime as clients, but this rule only applies to compensation paid from 2024 onwards.
Furthermore, for 2025, the introduction of a new channel for the communication of withholding taxes on compensation that constitutes income from employment or self-employment is being studied, following the issuing of a specific provision by the Revenue Agency.
The Compliance Decree also establishes new rules for tax credits. For credits that can only be used in horizontal compensation, it is no longer necessary to indicate them in the tax return if the relevant information (such as the offsettable amount) is available from other information sources.
For tax periods after 31 December 2022, failure to indicate the credits does not result in the loss of the benefit, provided that the credits are valid and do not constitute state aid or de minimis aid.
When is the tax return deadline? Here is the new calendar
The legislative decree has standardized the deadlines for tax returns, setting the deadline for all taxpayers at 30 September. However, there are variations depending on the tax period:
- For tax period 2023, the deadlines vary between 15 October 2024 and the fifteenth day of the tenth month following the end of the tax period, depending on the type of taxpayer.
- For tax period 2024, the deadlines are rescheduled between 15 April and 30 June 2025 for some taxpayers, while for others they range from 15 April to 30 September 2025.
- Starting from tax period 2025, there will be further changes to the deadlines, with dates ranging between April 1st and June 30th of the following year for some categories of taxpayers, and between April 1st and September 30th for others.
