We need money and the tax agreement is moving towards reopening. The first estimates speak of collections of over 1.3 billion euros for the State and so the possibility of a new window (until December 10th) is being accelerated and made concrete to allow taxpayers who have not done so so far to join. .
You had until October 31st to join and the first numbers are in. Over 500 thousand VAT numbers said yes, including ISA subjects (synthetic reliability indicators) and flat rates, according to the first data from the Ministry of Economy and the Revenue Agency. The Deputy Minister of Economy Maurizio Leo in an interview with Il Sole 24 Ore spoke of 1.3 billion euros in proceeds. 15% of taxpayers subject to a tax report (around 405 thousand out of 2.7 million) took part, expressing their desire to improve their relationship with the tax authorities. Among these, 160 thousand taxpayers then improved their “tax reliability score”, going from the lowest levels (scores between 1 and 8) to the maximum (score 10).
The economic impact of the composition with creditors is significant: the tax base that has emerged so far amounts to 14.8 billion euros, of which 8.5 billion for the purposes of direct taxes (IRPEF and IRES) and 6.3 billion for IRAP. This generated a total revenue of over 1.3 billion euros, which will be divided between 425 million for 2024 and 865 million for 2025. Part of this revenue will be allocated to the reduction of Irpef rates, in particular the reduction of the second rate from 35% to 33%, the majority’s priority objective and which requires at least two billion euros.
And so from rumors the hypothesis of extending the opportunity for taxpayers becomes concrete. You should be given the opportunity to join until December 10th. The possible reopening, however, would require a double track for payments, distinguishing those who joined by 31 October from those who will join in the new window (to respect the deadline of 2 December for the payment of advances) and should be limited only to taxpayers who have submitted their tax return by October 31st without having joined the agreement. The measure should be formalized in a decree-law, on the table of the Council of Ministers, which will then be integrated as an amendment to the decree connected to the maneuver. The date of 10 December would allow the government to evaluate in good time the additional resources generated by the agreement, and to include any changes already at the time of approval of the Budget Bill in the Chamber.
