Treasury is ready to pass the decree

Government dismissals end the siege. Exclude the most crisis sectors, from textiles to fashion. Tax bills, postponed to August 31

counts

The cost of the operation is just over 666 million euros, but if the value of files already committed to scrapping, balancing and excerpts from the count is reversed, the bar drops to around 215 million euros. As the Internal Revenue Collection Agency also notes, “Debts subject to write-off also include those that may be in repayment plans for scrapping, balance and write-off.” So in the fire lit by Sostegni also ends the collected volumes. Invoices notified after December 31, 2010 will also be liquidated, provided the collection agency is authorized before that date. Initially, the amnesty was to be applied for a longer period, that is, on all debts up to 5 thousand euros entrusted from 2000 to 2015, in this case the files affected by the measure were more than 60 million and the cost of the scissors would have been up to 2 billion euros, To be distributed over the years 2021 and 2022. Then step back with a narrowing of the time frame covered by the intervention: in this way the amount of roles assigned to amnesty has been reduced significantly, ie by about 75 percent. Moreover, the concentration of bad debts is now more acute between 2000 and 2010 and this also makes the new financial peace lighter. On the other hand, amounts paid before the date of cancellation remain definitively earned.

Cashback program closes June 30: Stop prizes expected in the second half and in 2022

Finally, cancellation does not apply to some types of loads. Debts relating to the EU’s traditional private resources and value-added tax levied on imports, those arising from the recovery of state aid considered illegitimate, as well as those relating to fines, fines and pecuniary penalties are outside the amnesty due as a result of criminal convictions and penalties. The 30 days given by the government to the Ministry of Finance to reform the standards to be adopted in the extract began with a decree with the entry into force of the law on the transformation of the Sostegni decree on May 21 last. Once the Mef decree arrives with the methods and dates for debt cancellation of up to 5 thousand euros, it will be up to the revenue collection agency to determine which folders fall within the audience of those to be deleted. He will have to check with the Revenue Agency the taxable income in 2019 for people who have debts of up to 5 thousand euros for the roles assigned to them before 2010. Then it will be canceled automatically (there are no obligations on the part of the taxpayer to cancel the volumes). The cancellation of old tax invoices, as explained at the time by the Prime Minister, is the result of a malfunction in the collection mechanisms. And in any case, it should interest a small audience, because of the risks identified by Sostegni. In short, if it is true on the one hand that it is an actual pardon, on the other hand it is expected to have a limited effect.