Confirmation on installments and payments beyond the deadlines, with or without an increase, also for the incremental flat tax: the rules on the 2024 tax deadline also apply to the flat tax. The Revenue Agency confirms this
It is approaching 2024 tax payment deadline, scheduled for July 1st (June 30th falls on a Saturday). And from the Revenue Agency come the operational instructions on the incremental flat taxthe 15 percent flat tax foreseen only for the 2023 tax period for VAT numbers that do not apply the flat rate regime.
With the FAQ, an answer to frequently asked questions, published on 14 June, it is clarified that also for the flat fee they are worth it standard rules on installments and overdue payments.
Tax deadline 2024: clarifications on the rules for paying the incremental flat tax
We go towards 2024 tax deadline and it also makes its debut from a practical point of view incremental flat tax that non-flat-rate VAT numbers can choose to pay in the event of changes in income in 2023 compared to the previous three years.
The measure introduced by last year’s budget provides for the application of a substitute tax for IRPEF and related additional taxes equal to 15 percent applicable to difference between incomes achieved in 2023 compared to highest value produced in the three-year period 2020-2022deducting an amount equal to 5 percent and up to a maximum of 40,000 euros.
The rules for the calculation have also been illustrated in the instructions for completing the Income model 2024 but on the eve of the 2024 tax deadline, the need to clarify the rules for paying the flat tax emerges.
In particular, by the Revenue Agency with the FAQ of June 14th comes a triple confirmation:
- it’s possible pay in installments also in this case the sums due;
- green light to payment beyond the established deadlines but within the limit of 30 days by applying the increase of 0.40 percent;
- no obstacles also for the deferral of payment to 31 July 2024 (without any increase) for subjects who carry out economic activities for which ISAs have been approved and who declare revenues or compensation of an amount not exceeding the limit established, for each index, by the relevant approval decree.
| Rules also valid for the incremental flat tax | Normative requirements |
|---|---|
| Installments | Article 20 of the legislative decree 9 July 1997, n. 241 |
| Deferral of payment by the thirtieth day following the established deadlines (applying the 0.40 percent increase) | Article 17, paragraph 2, of the decree of the President of the Republic of 7 December 2001, n. 435 |
| Deferral of payment to 31 July 2024 (without any increase) | Article 37, paragraph 1, of the legislative decree 12 February 2024, n. 13 |
“Although the law establishing the same does not make an express reference to the methods and terms of payment of income taxes, this reference is to be considered implicit, given both the intrinsic nature of the incremental flat tax as an income tax and the lack of a discipline that regulates specific payment terms”with these words theRevenue Agency clarifies the reasons behind the green light on the application of the rules established for tax payments standard.
