The voluntary disclosure avoids yet another increase in petrol prices, at least for the moment. With the Milleproroghe decree published yesterday in the Official Gazette, the Government confirms the abolition of the safeguard clause which would have triggered the increase in excise duties on petrol for 671 million euros from today, to cover the abolition of the IMU.
The Executive has established that those resources will be guaranteed by voluntary disclosure, the discipline that from XNUMX January allows those who have committed tax violations and hidden money or assets abroad or in Italy to bring out the sums with a self-report, thus avoiding to engage in the crime of self-laundering.
However, if the new procedure fails to achieve the revenue target (around one and a half billion euros), all excise duties (on alcohol, tobacco and petrol) will be put back into action and Ires and Irap tax advances will increase (today in the two appointments of November and June the IRES and IRAP subjects - not financial intermediaries - pay respectively 40 and 60% of the 102,5% of the IRES and 101,5% of the IRAP).
At stake are 600 million which must come from the closure of the disputes regarding tax damages and 925 million necessary for the functioning of the fund to ensure liquidity for the payments of certain liquid and collectible debts of the Public Administrations.
In detail, the voluntary disclosure establishes that the evader will have to pay all the taxes evaded but will have discounts on penalties and interest, will not incur the penalties envisaged for tax crimes committed and above all will not be prosecuted for the new crime of self-laundering, which was introduced in the provision precisely with the aim of giving a boost to emergence. The procedure can be activated by 30 September 2015 for violations committed up to 30 September last.
