Minimum payments, are they still declared to the tax authorities? What do we risk if we don’t do it thinking of not getting caught. Let’s find out what the law tells us in these cases.
Many people often wonder if they should do it tax declaration even in the presence of minimum payments. This is a doubt that is worth clarifying by explaining what the law tells us in this very common case so as not to make any errors, even those that may be sanctioned. Let’s see how. First of all we must start by saying that the tax return is always mandatory for anyone who receives a payment, even if minimal.
So we immediately cleared up the first doubt, adding that it must always be done, even when earning on an occasional basis. But your accountant knows this well. What we can add is that making the declaration does not necessarily mean having to pay taxes, because if you fall within the so-called no taxes area can be avoided. In any case, we are talking about the no tax area of that threshold below which, due to deductions, Irpef is not paid (here we have explained what happens when we receive or make a loan).
Why it is important to always file your tax return
Make the declaration in this case it will ensure that we do not suffer tax assessments and to sleep peacefully. Furthermore, just by filing your tax return you will be able to do a very important job. Or give to charity donating 5 per thousand of taxes to non-profit organisationst. It won’t cost us anything. One of these bodies, for example, is the Telethon Foundation: by choosing to donate our 5 per thousand to this foundation we will give the possibility of keeping the threshold high on research into rare genetic diseases to allow us to guarantee a cure for many children who are affected by them.
And also open new therapeutic avenues for everyone’s future. To make this donation it is very simple, all you need is a signature on our tax return in the funding for scientific research and university section and the insertion of the tax code, in this case Telethon foundation which is 04879781005.
Let’s think about it carefully because it is a gesture that really costs us nothing but which instead can be worth a lot for all researchers and doctors committed to the front line to eradicate one of the most serious problems affecting children.
What do you risk if you don’t file your tax return?
Let’s now return to our main question, and specifically, what risks those who do not submit their tax return even in the presence of minimum payments. The answer is simple: it commits a crime only if the evaded amount exceeds 50 thousand euros, otherwise it only suffers tax penalties. And we remember that the checks have an expiry date, with the Revenue Agency being able to make an assessment within 7 years starting from the following January 1st in which the return was to be submitted.
