Friendly tax authorities went on strike once again: the two-year preventive agreement was extended to cover the VAT figure of 4.1 million; meaning it has been extended to all ISA taxpayers, small businesses and the self-employed on a flat rate regime with a flat tax of 15 per cent. The OK came from the Council of Ministers, which gave the definitive green light to the decree law regarding the evaluation. Let’s try to better understand what the composition with creditors is, who will benefit from this and, above all, why the government has taken this decision, which seems to freeze taxes on small and medium-sized businesses for two years.
Preventive biennial agreement: What changes with the new decree?
The composition of creditors is already available, but only for virtuous taxpayers, i.e. VAT numbers with a rating equal to or higher than 8 on the basis of ISA ‘tax report cards’ (Synthetic Financial Reliability Indices): to date only 1.2 million businesses . These are entrepreneurs or professionals whom the State has judged to be safe for tax purposes. With the approval of the assessment decree received from the Council of Ministers, the two-year preventive agreement will also be extended to 1.7 million taxpayers with a VAT figure of 1.2 million below this threshold and a flat tax and flat rate regime. 15%, hundred. The total amount will thus be passed on to more than 4 million taxpayers.
Deputy Minister of Economy Maurizio Leo told a press conference that “an offer will be made to these subjects by the financial administration to ensure that they get rid of the world of false tax relations.” By October 15, taxpayers, join the offer.” The resources to be raised through the biennial composition with creditors “will also be used to complete the next stages of the reform,” he concludes. “Our aim is to be able to further influence the reduction of Irpef rates through the exposure of this taxable issue.” .
Discussions, CGIL: “Mass preemptive amnesty”
The measure in question allows taxpayers to freeze the tax base on which they will pay taxes for 2 years upon the proposal of the Revenue Administration. In short, it freezes taxes for two years, even if more must be paid. In the past, CGIL has repeatedly said that the two-year comp on creditors so vetted was, more than anything else, a “mass pre-emptive amnesty” also granted to unreliable taxpayers and known tax evaders. However, the Deputy Minister of Economy reiterated that this move will bring revenue of 1.8 billion euros in two years and that the decree completes the process of “cooperation and trust-based relationship” with businesses.
If the Revenue Administration determines that the taxpayer concealed more than 30 percent of the income, the concordat with creditors will lose its validity. However, the taxpayer can terminate the agreement if it records a decrease in turnover of at least 60 percent.
Senator Antonio Misiani, the Democratic Party’s economic director, writes about everyone who pays their taxes down to the last euro: “Extending the agreement to taxpayers with an ISA score below 8 is actually legitimizing tax evasion.” But Leo explained: “The 8 (in the Isa indices, ed) is to gradually move everyone higher in order to combat the phenomenon of tax evasion if it arises. The problem stems from the number of checks for those with a score below 8: since not many are done, we either put them all higher or risk not declaring them.”
Smart anti-AI and new calendar: other measures
Also important news about artificial intelligence (AI) that will unmask tax evaders. The decree strengthens the Internal Revenue Service’s risk analysis using artificial intelligence in accordance with privacy regulations through the interconnection of archival databases and public records for preventive anti-smart checks. The newly introduced new rules will see the deadline for submitting tax returns and responding to a tax calculation proposal be postponed to October 15.
Source: Today IT
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
