The debts of up to 5 thousand euros canceled for 2.5 million Italians, but there is an income limit

The debts of up to 5 thousand euros canceled for 2.5 million Italians, but there is an income limit
The debts of up to 5 thousand euros canceled for 2.5 million Italians, but there is an income limit

Saw Gor.
24 July 2021 05:41

Debts of up to 5 thousand euros will be canceled for about 2.5 million Italians, but beware: there is an income limit. The Ministry of Economy and Finance signed the implementing decree with rules and deadlines to be respected for the amnesty of tax bills under 5,000 euros. In essence, this is the excerpt of the folders provided for by the Sostegni decree which provides for the automatic cancellation of debts for taxpayers with certain requirements.

Debts written off, but there is an income limit

By October 31, 2021, debts under 5,000 euros will be canceled. The requirements to access the amnesty are tax bills between 2000 and 2010, worth up to 5 thousand euros, for those who declared an income of up to 30 thousand euros in 2019. Everything is managed by the Revenue and Collection Agency without the interested citizens having to do anything. The new fiscal peace should affect about 2.5 million Italians. The text of the decree of the Ministry of Economy and Finance has not yet been published, but here are some previews.

The list of tax codes of taxpayers with debts

By August 20, the Revenue and Collection Agency will have to transmit the list of tax codes of taxpayers with debts up to 5,000 euros. By 30 September, then, the Inland Revenues will communicate to the Collection the tax codes of taxpayers excluded because they exceed the pre-established threshold of 30,000 euros, on the basis of single certifications and tax returns. The number of beneficiaries of the tax amnesty will be confirmed from the intersection of the data and the assessments and by October 31st the debts will be automatically canceled.

By November 15, 2021, the concessionaire in charge of recovery must submit the request for reimbursement, expensed with “charges to be paid by the state budget!” in two installments: one by 31 December 2021, of at least 70% of the total; the other by 30 June 2022. By 30 November, the creditors will have the list of the shares canceled in order to proceed with the cancellation following the cancellation and elimination from the balance sheets. Excluded from the tax amnesty, in addition to those with tax bills over 5 thousand euros or income in 2019 over 30 thousand euros, are the cases of roles in the name of several debtors, if at least one is among the tax codes reported to the Collection.

Source

debts thousand euros canceled million Italians income limit

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