Tax assessments, what changes after 31 December 2025 (www.okmugello.it)
Many assessments relating to income, VAT and IRAP expire after 31 December 2025. We refer in particular to the notification of assessment documents for the 2019 tax period (including declarations submitted in 2020).
In addition to the one we have just mentioned, what other assessments expire after December 31, 2025? In this article we will try to understand it and get to grips with it, also remembering that the regulation of the terms of the declaration has changed; it will be five years from the presence of the declaration, in the case of a duly submitted declaration.
If this is not the case, the years become seven starting from the year in which the declaration should have actually been submitted.
Tax assessments, which cannot be contested after 31 December 2025
As mentioned, the 2019 tax period expires after 31 December 2025which represents the ordinary deadline for all perfectly regular declarations. The same also applies for the 2020 tax period for all those taxpayers who have obtained an ISA score equal to or higher than 8, being able to benefit from a one-year reduction during the assessment phase.
The same goes for 2021 toogiven that taxpayers who have made tracked payments exceeding 500 euros can benefit from the two-year reduction from the assessment deadline. As usual also for the 2017 tax periodif an omitted declaration has occurred. If this has happened, the seven-year time limit occurs, considering the potential omission of the 2018 tax return.
We specify, however, that these possibilities can take hold in particular conditions. Perhaps through joining the Biennial Composition with Creditors or submitting supplementary declarations that release new terms only and exclusively for the modified elements. As we have noticed, however, the possibility of seeing certain tax assessments no longer contestable is certainly there.
