The bank account represents the most “widespread” form of financial instrument for the common population, especially for individuals. The bank account offers various possibilities in the field of savings: withdrawals, deposits, check disbursement are just some of the functions associated with this tool, which for several years has been much “easier” and more intuitive to manage, mainly due to the spread of smartphones. The account is also and above all used to deposit one’s savings through bank transfers or voluntary payments; even if today the costs are significantly lower than in the past, all banks are “forced” to submit to certain regulations and limits.
Bank account, here’s what happens if I exceed € 5000: “attention”
For several years now, the economic and political line has favored electronic payments, and bank transfers stand out among these. Each form of account has fixed costs, determined by the possibilities but what happens if it exceeds 5,000 euros? Even online accounts, almost always completely free in their use, are subject to the payment of a stamp duty if the aforementioned amount calculated with the average stock is exceeded. As specified by the portal ofRevenue Agency, The calculation of the average annual stock is determined by dividing the sum of the daily stocks by 365, regardless of the number of days in which the deposit / account is active. All forms of current accounts, postal books and prepaid cards are subject to the payment of the annual stamp duty, which amounts to 34.20 euros for individuals and 100 euro for business. This amount is automatically “deducted” once a year, in almost all cases in the last days of the calendar year or in the beginning of the following January.
To avoid the payment of this form of “tax” it is not sufficient to suddenly “shift” the amount present in the account from one day to the next, as the calculation, as mentioned, is carried out over the whole year.
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