Maneuver, discounts on POS to traders and fines for those who do not accept them

The government declares "war" on cash: discouraging the use of banknotes and promoting electronic payments instead. In fact, they are planned discounts for merchants on Pos. commissions and from 2020 for deductions in tax returns you will have to present the expenses incurred with bank transfers, cards or debit cards. The bulk of the package, as established by the majority agreement, will come into effect in July when the cash use limit will drop to 2,000 euros (to then arrive, in 2022, at 1000) and they will start fines for those who do not accept Pos.

Discounts on POS for traders: how they work. The government has always applied a tax credit since 1 July, based on the model of petrol stations. It is about a credit of 30% of fees for card and debit card transactions, which can be used exclusively in compensation, and which will be granted to those who have an activity with revenues and fees within 400 thousand euros a year.

A "first step in the right direction, a tangible sign of attention to companies", welcomes Confesercenti, promoting the choice of the executive but also immediately requesting the abolition of sanctions. While Confcommercio, which also speaks of a "useful" measure, recalls that commissions are worth around 1.5 billion a year and already asks for more resources. The discount on Pos is the last news of the fiscal decree, which still awaits the final stamping of the General Accounting Office to be sent to the Quirinale for the signature.

In the last drafts other adjustments also appear, from the Imu on the drills that becomes a real ad hoc tax (Impi, real estate tax on marine platforms) to advances for VAT which fall to 90% this year to move, when fully operational, to two payments of 50% a year. To cover the reduction of the 2019 advance (over 1.4 billion), the loan for Alitalia which rises to 400 million, the refinancing of the Guarantee Fund for SMEs (670 million) and other minor interventions (such as 14 million add-ons for anti-abandon seats) the government works with non-committed ministries. This is just over three billion financial allocations that are reduced (not real cuts), mostly borne by the Ministry of the Economy (for almost 2.9 billion). If the decree is almost at the finishing line (some filings could still be underway, in the form, due to the tightening on the prison for the great tax evaders), for the Budget law it will instead be necessary to wait again.

The maneuver "is strongly redistributive" and those who say there are only new taxes say "the fake", underlined the premier Giuseppe Conte, who participated in Umbria at the coalition event with M5S, Pd and Leu, absent Italy Viva. On the new "ethical" taxes, from sugar to plastic tax, "we are open to improvements", says the Deputy Minister for the Economy, Antonio Misiani, specifying, however, that in order to put them into discussion they must "find cover".

As for the impact on the citizens, reassures the exponent Dem, no risk stuck as feared by the leader of the League Matteo Salvini: the cost of the bottles, for example, could increase «by 2 cents for those from half a liter of mineral water and of 3 cents for those of one and a half liters ".

The covers already found are used to finance the cornerstones of the maneuver, from cutting the wedge to the family package. The squeeze on deductions will also contribute to the cause, which, in addition to the general obligation of traceable payments, as already happens for i bonus for building renovations, will see a reduction in discounts for incomes above 120 thousand euros to go "gradually" to zero over 240 thousand euros. A scissor cut, the latter, which, according to the first calculations, will cover about 300 thousand tax payers, "less than 1%"

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