The operations that trigger tax checks on prepaid cards: they happen often and no one realizes it

In which cases can a tax assessment be triggered on prepaid cards? What does the law provide and when can the tax authorities take action?

Often they are carried out without realizing it and without knowing that by doing so they are exposing themselves to the risk of be subject to tax controls. These are operations that involve a tool widely used by Italians, namely prepaid cards. Unlike debit cards and credit cards, prepaid cards can also be used as a deposit tool, making flow certain amounts of money.

In some cases they can even be used for depositing the salary which, through periodic bank transfers, could be moved to a current account. What many are wondering is what the risks are and when you may be subject to tax checks on prepaid cards. We find out in this article.

Tax checks on prepaid cards: when they can occur

There is not only PostePay: today there are many cards prepaid, with or without Iban, which you can activate in a few simple and quick steps and then receive them comfortably at home and immediately start using them actively or to save money such as your monthly salary. What we ask ourselves, however, is whether operating in this way runs risks, especially with regards to the possibility of being subject to checks by the Revenue Agency. There are many doubts in this regard and it is best to clarify them to avoid incur possible sanctions.

The taxman is not interested in knowing the details linked to the opening of a credit card which, therefore, it will not be declared. Instead, he wants to know what income will be deposited on it, in order to avoid the risk of tax evasion. There is therefore no crime in consistently paying money into one or more prepaid cards and even if the money has previously already been taxed (as happens for example with your salary) you will not run any risks. The presumption of income it is not generated if transfers are made between an account and prepaid cards but be careful: it could instead happen when you deposit money into it in cash by going to the counter.

This could, in specific cases, trigger tax checks and the taxpayer will have to demonstrate to the Revenue Agency that these are sums already taxed previously or exempt from taxation. Another operation that could involve checks by Hades is the receipt on the prepaid card with Iban of a bank transfer.

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