La summer break is over and the Revenue authorities resumes its activities at full speed. Today, Tuesday August 20, millions of taxpayers face a busy day with well 119 tax deadlines. But that's not all: there are further obligations expected by the end of the month. It's time to catch up on deferred payments and catch up on obligations that accrued over the summer.
The tax deadlines of Tuesday 20 August
During the pause, which suspended the deadlines for declarations and payments from August 1st to 19th, August 20th marks an intense recovery. Taxpayers will have to pay the annual income taxes: those who have opted for payment in installments and have made the first payment by 1 July will have to pay the third instalment, with interest of 0,50%, while those who have chosen to pay by 31 July must pay the second instalment, increased of 0,18%, with an increase of 0,40% previously applied.
Likewise, clients who have paid over 5.000 euros per month to occasional collaborators, door-to-door sellers, coordinated and continuous collaborators, and other workers with contributory obligations, must pay the social security contributions for the previous month. For coordinated and continuous collaborations, the contribution is divided between the client and the collaborator, respectively in proportions of 2/3 and 1/3.
Furthermore, the entities that manage short leases must pay the 21% withholding tax on the fees collected in the previous month via form F24 electronically. Monthly VAT taxpayers are also required to pay the tax due for July using tax code 6007.
August 20th is also the deadline for payment of the entertainment tax relating to the month of July. The parties involved must use the F24 form electronically, and if the form has a zero balance, it must be sent via "F24 web" or "F24 online". Otherwise, you can use internet banking services offered by banks and other payment service providers.
The deadlines are from 26 to 31 August
August 26th is the deadline for electronically sending the summary lists of intra-community operations. Taxpayers who have made sales or purchases of goods between European Union countries, or who have supplied or received services from EU entities in the month of July, must complete and send the Intra 1-bis and Intra 2-bis forms for goods , and the Intra 1-quater and Intra 2-quater models for services. This communication is essential to ensure correct traceability of transactions between EU Member States.
Il August 30th represents a crucial deadline for several categories of taxpayers:
- Isa taxpayers: Those who use the Synthetic Indices of Fiscal Reliability (ISA) must pay the income taxes and IRAP relating to 2023, as well as the first advance payment for 2024. If the payment has not been made by 31 July, there is a increase of 0,40%. This deadline also concerns those who adopt the flat rate scheme and other schemes similar to ISAs. It is important to note that the surcharge only applies if payment is made after the July 31st deadline.
- VAT balance 2023: Taxpayers who have not paid VAT for 2023 by 18 March 2024 must make the payment by 30 August, with an increase of 0,40% for each month of delay. However, if the debts and credits declared in the 2024 Income Form are offset and the credits exceed the debts, the increase is not applicable. If, however, the debts exceed the credits, the 0,40% increase applies only to the difference.
Finally, the August 31th is the deadline for two significant fulfillments:
- IOSS VAT return: taxpayers registered in the IOSS system must send the VAT declaration for remote sales of imported goods with a value not exceeding 150 euros. The submission must be made electronically through the Ioss Portal.
- VAT payment for imported goods: must be carried out using the F24 form for distance sales of goods imported from non-EU countries, relating to the previous month. This payment concerns transactions for which tax became due in the previous month.
