VAT payments, advances reduced by 50% also for flat-rate and minimum payments

2 'of reading

The reduction of advances to 50% for the December 2 deadline set by the fiscal decree linked to the maneuver also applies to flat-rate and minimum tax payers. But not only that, the ISA subjects affected by the reduction in payments on account, the flat-rate payments and the minimum amounts can also pay the advances relating to the flat rate tax, the Ivie (the property on properties abroad) and l 'Ivafe (the asset on foreign financial assets). This is what emerges from Resolution 93 / E / 2019 of the Revenue Agency.

The application area
The amendment, as specified in a note released by the Revenue, «applies to subjects who carry out economic activities for which the Isas have been approved and which declare revenues or fees of an amount not exceeding the limit established for each index by the relative ministerial approval decree as well as to taxpayers who, being in the conditions described above, apply the tax advantage or flat rate regime, determine the income with other types of flat-rate criteria or fall into the other causes of exclusion from the Isas ».

For these subjects, underlines the Agency, «the tax Dl has reformulated the measure of the payments of the first and second installment of the advances due for the following taxes: personal income tax, Ires, Irap, substitute taxes of income taxes and IRAP due by flat-rate taxpayers, flat rates for lease payments, Ivie (tax due on the value of properties located abroad) and Ivafe (tax on the value of financial assets held abroad) ".

The calculation of advances
Since for the tax period in progress at 31 December 2019 the tax decree except the payment of the first installment, the tax payers who have paid the first 40% installment must pay the second installment by 30 November to the extent of 50%. On the other hand, within the deadline of 30 November, those who were not required to pay the first installment, on the other hand, will make a single 90% payment.