Why is model 730 made and who has to present it? This is the tax declaration usually used by employees and retirees, but the categories of taxpayers who must use the 730 do not end there.
Model 730 is used to make sure you can ask for the reimbursement of the expenses incurred during the previous tax period, therefore in 2021 the income obtained in 2020 is declared. The expenses for it is possible to obtain the deduction, and therefore the reimbursement, are many: from medical and pharmaceutical ones to those for education, for the rent and for the canteen, carried out not only by the person presenting the return, but also for the dependent family members.
Let’s see who and why should present the 730 model.
Why is 730 made?
The model 730 it’s a simplified version of the tax return: this is the document with which the taxpayer communicates the income received to the tax authorities during the previous year.
The tax base is calculated on the basis of the amount of income received (therefore economic income): the tax rates are applied to it, and once deductions and deductions have been removed, the result is the taxes to be paid and the refunds to be obtained.
Precisely because the mechanism is quite complex, the 730 model was created: a simplified declaration in which only income and deductions can be entered.
What happens if the 730 doesn’t show up?
The consequences are serious, up to triggering the penalty: with the sentence 19196/2017, the Court of Cassation confirmed that the omitted tax return is crime if it is not submitted within 90 days from the expiry date (30 September for 730, 30 November for the Income PF form, which is the declaration used by VAT number holders).
If, on the other hand, the 730 is presented late but within 90 days of the deadline, the declaration will be considered only late, not omitted, with less serious consequences.
The season of 730 was inaugurated on 10 May, when the Revenue Agency made available online the pre-filled template.
Model 730 features several advantages: the first and most immediate is that the taxpayer does not have to make calculations.
I refunds due are then paid directly to paycheck for employees or in the installment of pension for retirees. The same mechanism also applies if the taxpayer has to pay sums: the amount is deducted from the salary or pension.
As anticipated, for 2021, the deadline for sending form 730 to the Revenue Agency is 30 September. Starting from 19 May it is possible to modify the data in the pre-filled declaration and send it.
Is everyone obliged to do the 730?
Not all taxpayers are obliged to submit the 730. According to the instructions of the Revenue Agency, the 730 form (both ordinary and pre-filled) must be submitted by taxpayers who in 2021 are:
- pensioners or employees (including Italian workers who work abroad for which income is determined on the basis of the conventional salary defined annually with a specific ministerial decree);
- people who receive compensation in lieu of employment income (eg wage supplements, mobility allowance);
- members of production and labor cooperatives, of services, agricultural and of first transformation of agricultural products and of small peaches;
- priests of the Catholic Church;
- constitutional judges, national parliamentarians and other holders of elected public offices (regional, provincial, municipal councilors, etc.);
- people engaged in socially useful work;
- agricultural producers exempt from submitting the withholding tax return (form 770), IRAP and VAT;
- workers with a fixed-term employment contract for a period of less than one year.
Then there are some subjects who they are not obliged to present the 730, but they can in any case choose it. These are the taxpayers who in 2020 received:
- income from employment and income similar to those from employment (eg co.co.co. and project work contracts);
- income from land and buildings;
- capital gains;
- income from self-employment for which a VAT number is not required (eg self-employment services not normally exercised);
- other income (eg income from land and buildings located abroad);
- some of the income subject to separate taxation, indicated in section II of part D.
Who submits the declaration on behalf of persons incapable, including i minors, or for the deceased taxpayer you can use the 730 model if the conditions described above apply to them.