(Finance) – These are the last hours to join the agreed biennial budget. There expirationafter the extension decided by the government and contained in the tax decree, is in fact set at December 12th for all Isa taxpayers who, despite meeting the requirements, had not signed up by the deadline of 31 October. The agreement allows the payments to be made for two years taxes on the basis of a proposal formulated byRevenue Agencyconsistent with the information contained in the financial administration databases and the income declared by the taxpayer.
The Ministry of Economy reported to Parliament that they had joined the scheme at the end of October 522 thousand out of a total of over 4.4 million taxpayers required to apply Isas or lump sums (around 400 thousand and 120 thousand respectively). The estimates circulated in the media in recent days indicated a collection at the first deadline of 1.3 billionnot enough to cover a new cut in personal income tax for the middle class. The government decided to grant a further chance but, even without the membership data for the new window, the tax reduction objective was still postponed by the majority to a phase following “the consolidation of public accounts”.
THE’Revenue Agency provided some clarifications on how to join after the extension decided in the tax decree. To access the agreement it is necessary not to have tax debts or contributory. However, as specified by the Agency, it is sufficient that this requirement is met at the time of acceptance of the agreement. In fact, anyone who has submitted their tax return within the deadline of 31 October 2024 without joining the Cpb has until 12 December to accept the composition proposal by submitting a supplementary declaration.
They also don’t pay any sanction Isa taxpayers who submit an Isa by tomorrow declaration integrative with the sole purpose of adhering to the agreement and, therefore, identical to the declaration presented within the terms. The supplement presented to recover the membership can also be a corrective to the previous one, as long as it highlights a higher taxable amount or a higher tax or, even, a lower credit. In this case, however, the relevant sanctions are due.