Biennial preventive agreementapproved on corrective decree with numerous novelty.
During Council of Ministers of 20 June 2024 the expected green light has arrived for the provision which intervenes on several aspects of the pact between the tax authorities and VAT numbers, redefining the membership deadlines and for i payments.
The membership procedures started from 15 June for VAT holders who apply ISAs. For flat rates the start is postponed by a month and in fact it will be possible to send the data for the processing of the proposal by the Tax Office only from July 15th.
It also moves forward membership deadline: the agreement, with the tax return, passes to October 31st.
Also confirmed postponement of tax paymentswith an increase of 0.40 percent, by 30 August.
To receive free Tax Information updates via email regarding the latest news and tax and employment benefits, interested readers can sign up for our newsletter for freeone tax update per day via email from Monday to Sunday at 1pm
Biennial preventive agreement, the news in the corrective decree: the new deadlines are official
The calendar of appointments and deadlines that will characterize the biennial preventive agreement changes.
With the corrective decree approved by the Council of Ministers on 20 June 2024, some of the novelty already anticipated in recent days:
New causes for exclusion from the biennial preventive agreement
There is also news on the VAT numbers front which will be able to join the biennial preventive agreement.
The corrective decree intervenes on causes of exclusion and, as anticipated by the newspaper ItaliaOggithe VAT numbers obtained in the previous tax period will remain outside the agreement with the tax authorities exempt, excluded or non-competing income to the tax base exceeding 40 percent of the income deriving from the exercise of business, arts and professions.
Also stop the new flat rates: the corrective decree puts in black and white the exclusion for VAT numbers that joined the facilitated tax regime in 2024.
Also excluded companies and entities affected by mergers, demergers and contributions in 2024 and partnerships and associations affected by changes to the corporate structure.
Biennial preventive agreement, flat tax on the increase in income for the second down payment, but only in the case of calculation with the historical method
News also on the front of calculation of the second deposit due on November 30th.
According to the previews, e waiting for the official text of the corrective decreethose who choose the historical method will be able to pay the tax due by applying the flat tax of 15 percent to the difference between the agreed income for 2024 and the income for 2023, which drops to 12 percent for flat rates and 4 percent for new activities.
On the IRAP front, the substitute tax to be applied will be 3 percent.
A move to make joining the biennial preventive agreement more convenient consequently avoid the flop of an instrument on which the Government expects to collect a significant amount of resources to be allocated to the next Budget Law.
To receive free Tax Information updates via email regarding the latest news and tax and employment benefits, interested readers can sign up for our newsletter for freeone tax update per day via email from Monday to Sunday at 1pm
