Today, Monday 1st July it’s thelast day to pay Irpef, Ires and Irap, whether you pay in a single solution or you opt for payment by installments. It should be emphasized that this date is the deadline for the payment of taxes even for those who present the model 730 without tax substitute from which a debt arises. The payment of the first 2024 advance and the 2023 balance, in fact, must be paid by June 30 of each year. Since this year’s deadline falls on Sunday, the final payment deadline for taxes has been postponed to July 1, 2024.
It should be noted that taxes can also be paid by July 31stor within the thirtieth day after the deadline without penalty, but applying a 0.4% increase for the interests.
Other July 1st Deadlines
Today is not only the deadline for paying the Irpef, but also the deadline for flat rate tax on rents for which the 2023 balance and the first 2024 advance payment must be paid.
Payments, both for taxes and for the flat-rate tax, must be made using the F24 form (for those who do not have a VAT number, payments using the F24 form can also be made at a bank or post office as long as tax credits are not used as compensation).
Payments are also due for ivie (taxpayers who reside in Italy, but have properties abroad) and theIvafe (taxpayers who reside in Italy, but have financial assets abroad).
What happens to those who don’t pay their taxes by today?
As we anticipated, it is possible to pay taxes with a 0.4% increase by July 31st. But what happens to those who pay after this date? Omissions and delays in payments can be remedied with the active repentance which allows you to pay a lower penalty than that expected if the Revenue Agency were to demand payment.
It is, therefore, a spontaneous payment, even if late, which allows you to avoid ordinary sanctions.
- with the voluntary disclosure the applied sanction varies based on the delay with which the payment is made and specifically:
- with the quick repentance, within 14 days of the deadline, there is an increase of 0.1% per day;
- with the short repentance, within 30 days of the deadline, there is an increase of 1.5%;
- with the intermediate repentance, within 90 days of the deadline, a penalty of 1.67% is paid;
- with the long repentance, within one year from the deadline, the amount must be increased by 3.75%;
- with the biennial repentance the increase for the sanctions is equal to 5%.
The amount of interest at the legal rate must always be added to the fine.
For those who do not pay the tax, the failure to pay is configured and if it is the Revenue Agency that notifies the obligation to pay (and one does not spontaneously repent) the sanctions are very heavy and are generally equal to 30% of the evaded tax.
