The IRS also carries out checks on PostePay top-ups for up to 5 years, involving all users: what to know to avoid problems.
It is absolutely wrong to think that PostePay top-ups are not included in the checks carried out by the Tax Office. For that reason it is It is important to know when checks and possible foreclosures are triggeredso as to avoid any type of problem.
PostePay is one of the cards most used by Italian citizens and is also part of the policy of checks carried out by the Revenue Agency. Tax assessments do not only affect bank current accounts, but also prepaid cards.
Which are often used to carry out suspicious operations and escape without being noticed. The IRS knows well that evasion also involves PostePay top-ups and for this reason it carries out checks on anonymous prepaid cards and those with Iban, up to 5 years back.
The Revenue Agency also controls PostePay top-ups: what to know
All amounts received on PostePay and expenses are trackedwith the Revenue Agency having been appealing for years to the Financial Reports Archive. Poste Italiane must also report to the institution all active relationships with its customers, including incoming and outgoing transactions, account number, balance and other services. The information is stored in an electronic database to which the Financial Police and the Revenue Agency.
Tax checks on PostePay can go back up to a maximum of 5 years those who have not reported their income in their return. If the verification reveals any illicit activities, the tax authorities can also seize the card.
The PostePay foreclosure occurs after the creditor has notified the payment of the sums within 10 days and can request authorization from the President of the Court to access the tax and current account registry. In this way you can find out who the PostePay holder is.
The amounts received on the card must always be declared if they form the taxable income. In terms of taxation, compensation must be declared which compensates for lost profits, donations made by friends and family members for sums starting from 100,000 euros (between brothers) and by 1 million euros (spouses and ascendants).
There is no obligation in the case of gifts from parents, siblings and spouses for smaller amounts, compensation for damages, sales of used objects at a lower price than the purchase price, gambling winnings, loans from private individuals, provided that the ‘amount of the loan is demonstrable.
