More time to bring capital back to Italy. The Revenue Agency, taking into account "of the difficulties that taxpayers could encounter in finding the documentation and information relating to years for which the deadline for the assessment has expired", granted an additional 30 days to send the documentation for voluntary disclosure to the over 14 thousand subjects who, a few days before the expiry of the deadline for joining, scheduled for next 30 September, they agreed to the operation.
Those who need more time to find and send the documentation will therefore be granted an extra 30 days, which will be counted at the latest from 30 September, the last day to register for the procedure. The taxable income, taxes and withholdings related to the activities declared in the context of the voluntary collaboration procedure for which the deadline for the assessment has expired, must be highlighted in the report and in the documentation, in order to be considered the object of the procedure for the purposes of the cause of non-punishment.
The massive adhesion and the further extension should yield to the state coffers, according to estimates, at least 5 billion euros (at the moment, according to current enrollments, they are already around 3,2 billion): a good portion should come from this sum of those 27 billion that Prime Minister Matteo Renzi set yesterday as a target for the stability bill that the government will present to Parliament by mid-October. An extra revenue that will have the effect, according to Palazzo Chigi's plans, of limiting this year's deficit and lightening the scope of the spending review.
