active repentance on late UC

In case of unique certifications sent after the deadlines expiration ordinary it is possible to resort to active repentance.

This is one of the clarifications provided byRevenue Agency in the circular of May 31st, where he answers questions posed by CAF in relation to the model of 2024 tax return.

The practice document then contains several clarifications on the main ones novelty of this year. The Agency provides instructions on the use of simplified model 730 and on the compilation of the Framework Win relation to capital income from foreign sources.

Furthermore, clarifications are provided regarding the minimum payments of substitute taxes and on compliance visabut also on the usability of some specific cases of tax credit “first home under 36”.

2024 tax return: active repentance on late CU

L’Revenue Agency with the circular no. 12published on May 31, responds to requests formulated by the operators of tax assistance centers regarding the 2024 tax returnwith particular reference to filling out the form and affixing the conformity stamp.

In the practice document, among other things, the Agency provides instructions and clarifications on the use of the simplified model 730 and on the compilation of Table W in relation to capital income from foreign sources, but also on minimum payments of substitute taxes.

Furthermore, the clarifications also concern the documentation of super bonus expenses at 90 percentthe IRPEF deduction equal to 50 percent of VAT for purchases of energy class A or B home and the tax credit of first home bonus under 36.

Finally, the circular resolves doubts on the admissibility of the active repentance in case of unique certifications transmitted beyond the deadlines ordinarily expected.

Regarding this last aspect, the Agency clarifies that the use of the institution of active repentance in the event that the CU is sent after the deadlines expiration ordinary procedures is admissible, as the legislation allows the sending of the certification beyond the legal deadline, applying a specific sanction.

Therefore, explains the Agency, if the substitute transmits and issues to the recipient a Late or rectification CUThe taxpayer you can show it to the CAF or to the authorized professional so that the latter can take it into account for the preparation or possible correction of the tax declaration.

2024 tax return: the answers from the Revenue Agency to the questions from the CAF

There circular of the Revenue Agency, as anticipated, also provides clarifications regarding the extension of theuse of the simplified model 730 to taxpayers not holders of VAT number provided for by the Fulfillments decree.

In this regard, the Agency specifies that these subjects, exclusively owners of different incomes from those employed and similar, have the possibility to present the form 730/2024 without withholding tax.

“By way of example, a taxpayer, who must declare only land income for the 2023 tax year (indicated in Tables A and B), can use, in place of the PF Income 2024 form, form 730/2024 without substitute d ‘tax.”

The clarifications also concern the usability of some specific cases of “first home under 36” tax credit. In particular, if the taxpayer has benefited from this particular relief he cannot also obtain, for the same property, the IRPEF deduction, expected at 50 percent of VAT paid for the purchase of highly energy efficient homes (article 1, paragraph 76 of the 2023 Budget Law).

This is because the first home bonus under 36 already includes a integral refreshment equal to the VAT paid in relation to the purchase, in the form of a tax credit, under which thetax due becomes, in fact, equal to zero.

For everyone else details please refer to the full text of circular no. 12/2024 of the Revenue Agency.