Home » Business » Non-collectible credits for the Revenue Agency

Non-collectible credits for the Revenue Agency

The Undersecretary for the Economy announced that there are non-recoverable credits for the Revenue Agency and consequently for the State. More precisely, in 96.6% of cases, the tax bills would now be irrecoverable. These would be bankrupt or deceased subjects, discontinued companies, property owners. In a nutshell, it is a mountain of 744 billion euros of credits that the state has against taxpayers. Of these, as reported by the Ministry of Economy and Finance, only 25 billion, or 3.4% of the residual, could still be collected. This, through the coercive recovery actions, already undertaken by the tax authorities.

As the data on inability was found

It was the Revenue Agency itself that estimated the non-collectability of tax credits, reporting the results to the Mef. This, in turn, communicated them to Parliament. The Undersecretary for the Economy specified that the percentage was calculated on the basis of a specific methodology. It would take into account the following elements of assessment: a) impact of positions relating to bankrupt parties; b) impact of positions relating to deceased subjects or discontinued companies; c) incidence of positions relating to persons with no property from the tax registry and with negative outcome of executive actions.

Investigations into the causes of the inadequacy of tax bills

Furthermore, with regard to this situation, we wondered, what measures the Government will adopt. In this regard, it was noted that the trend in collections is strongly influenced by the current regulatory framework on the subject of discharge for bad debt of the shares registered in the role. The procedure requires the Agency to send the creditors a statement of its work and documents the non-recoverability of the credits assigned. On an annual basis, in fact, theRevenue Agency communicates the percentage of bills that it deems no longer due. In the last communication of last April, the director of the Revenue Agency had estimated that 40% of the roles were unrecoverable. So, the non-collectible credits for the Revenue Agency, are they actually the bad ones? The matter is being examined by the relevant bodies. On this point, it is considered appropriate to identify objective criteria to declare some credits uncollectible.

Deepening

Consequences of access to current accounts by local authorities

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.