On Oct. 21, ITA Tax said LD on urgent fiscal measures was published.
ITA Tax announced official publication of Decree Law 155 of Oct. 19, 2024 on urgent measures in economic and fiscal matters and in favor of territorial entities.
Overview
The decree intervenes on the substitute tax of the subjects who adhere to the biennial preventive agreement and adjusts the legislation on repentance for the same subjects.
Who have, also, declared the presence of a cause for exclusion from the application of the ISA in relation to the spread of the Covid-19 pandemic; rules on Ape and ZES.
Cpb and Special Repentance
Isa taxpayers who join the two-year preventive agreement by Oct. 31, can access the repentance regime of art 2-quater of the Omnibus for the years between 2018-2022.
Art 7 DL 155/2024 affects para 6 of the aforementioned art 2-quater and allows payment of a reduced substitute tax to those that declared exclusion due to Covid-19.
Or declared the existence of a condition of non-normal performance of the activity.
They must not be flat-rate taxpayers with revenue/compensation under €5,164,569.
Re the substitute tax to be paid with repentance, this is determined by applying the rate of 12.5% to the difference between the business income or self-employment.
Already declared for the year in question at the time of the conversion into law of the DL 155, and the value of the same income increased by 25%.
Same calculation must be done for substitute tax of IRAP but in this case value of net production and rate to be applied to increase will be 3.9%.
The substitute taxes, thus determined, must be reduced by 30% and paid.
ZES Bonus
Provisions on the contribution to the Special Economic Zones (Zes) have been revised.
Art 8 includes in the supplementary communication investments of Jan.-Nov. 15, 2024.
Therefore, companies operating in Special Economic Zones 5ZES° can benefit from the tax credit for investments subsequent to those indicated in the first communication.
Effectiveness
The Decree-Law entered into force on Oct. 20, 2024.
In Nov. 2024, ITA Tax issued Single Zes Bonus communication model update#215399.
Nov. 2024 Income Tax Payments
On Nov. 27, 2024, ITA GVT announced changes in context of DL 155/2024 conversion.
As part of conversion work ITA PRL approved amendment re VAT holders that in previous year declared revenues or compensation of amount not exceeding €170 000.
I.e. extends to Jan. 16, 2025 income taxes 2nd instalment payment date (due Dec 2).
Extension does not affect payment of social security, welfare contributions, insurance premiums due to ITA INAIL; taxpayers will be able to pay second advance at once.
Or choose 5 monthly installments of the same amount, from Jan. to May 2025.
