Revolution of the VAT payment system. What changes are planned for 2024 and how will they help workers?
Thanks to the approval of Biennial Estimate Agreementaround 5 million self-employed workers will have the opportunity to divide the payment of taxes into several deadlines. In particular, VAT numbers will be able to pay the taxes due each month, in 12 total installments.
What are the benefits of the tax reform for VAT numbers? (Giustiziagiusta.info)
The Government’s hypothesis is also to allow installments over seven months, instead of six, for the payment of the balance and the first advance of the taxes calculated on the previous year.
For the second deposit (due in November), however, there is the option to defer the sum over five months, moving the deadline to January, without suffering penalties.
With this Reform, the Government aims to offer greater protection to self-employed workers and, at the same time, ad ensure regular revenue for the tax authorities. Furthermore, the measure will not affect state finances because it will have no costs. But let’s analyze in detail what the most important innovations of the tax reform are and what changes for VAT holders.
VAT benefits: how should payments be made?
The Meloni Government strongly wanted to reform the Italian tax system, to introduce greater protection tools for workers in difficulty. The main objective is to allow taxpayers with a VAT number (of which there are more than 5 million) to request payment of the November advance in installments.
VAT numbers will be able to defer the taxes to be paid (giustiziagiusta.info)
If the rule were to be definitively approved, self-employed workers will be able to benefit from the measure as early as this year. They will therefore not necessarily have to pay half of the taxes in advance, but in the final balance, i.e. at the end of the tax year and in relation to the declared income.
Alberto Gusmeroli, President of the Productive Activities Commission of the Chamber and responsible for fiscal matters of the League, declared that the intention of the majority is to make the measure structural and extend it to all workers (even employees) and pensioners. At the same time, we will try to eliminate withholding tax for around one million professionals.
The maneuver was necessary because, in recent years, a notable reduction in VAT numbers was noted and, in particular, “classic” self-employed workers (i.e. artisans, traders and farmers) and professionals registered in professional registers or associations. On the contrary, workers employed in new sectors have increased, such as web designers, social media managers and business and IT consultants.
In the future INPS social security contributions may also be paid in installments relating to the second advance payment. They must be paid by November in a single payment, but an extension is likely to be added.
2024-02-21 05:30:56
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