Taxes, Refreshments Quater: government confirms the postponement to the end of the year

With a note, the Ministry of Economy confirmed – while waiting for the executive to change the new decree – that the extension for the payment of the second advance on personal income tax, IRES and IRAP and for the presentation of the tax return and the IRAP. The deadline for the payment of the second or single advance payment of income taxes and IRAP due by economic operators will be extended from 30 November to 10 December 2020 with a provision in the so-called “Refreshments Quater” decree, currently being adopted. .

In addition, a broader extension will be envisaged for companies not affected by the ISAs, wherever located, which have achieved in the tax period prior to the current one, revenues or remuneration not exceeding 50 million euros and which, in the first half of 2020, have suffered a decrease in turnover or fees of at least 33% compared to the first half of 2019. For these companies, the deadline for the payment of the second or single advance payment of income taxes and IRAP will be extended to 30 April 2021.

A similar extension to 30 April 2021 will be envisaged, regardless of the requirements relating to revenues or fees and the decrease in turnover or fees, for subjects not affected by the ISAs operating in the economic sectors identified in the two annexes to the “Refreshments bis “And who have their fiscal domicile or operational headquarters in the red areas, as well as for those who manage restaurants in the orange areas.

Suspended payments must be made in a lump sum by 30 April 2021.

For subjects who apply the ISAs and who find themselves in the required conditions, the extension to 30 April 2021 already provided for by article 98 of the decree-law of 14 August 2020, n. 104, and by article 6 of the “Ristori bis” decree-law.

The upcoming decree law will also extend the deadline for submitting the tax return and the IRAP return, which will be set for 10 December, thus ensuring ten more days for taxpayers and intermediaries.

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