The Guardia di Finanza is ready to start with new checks on certain current accounts, or rather, on certain operations. We must be well informed because new high fines arrive for current accounts if these rules are not respected.
During the pandemic, the controls of the tax authorities had thinned out, also because the shops were closed. For this reason, now we start with the usual checks that often start from suspicious transactions on the current account.
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These current accounts will certainly be checked
These are the accounts abroad that many Italians have. Control is practically safe, because there is one Circular of July 2021 which requires precisely to verify the accounts abroad. The purpose of the operation is to prevent illegal transfers of money abroad. Taxpayers will not immediately notice that they are under control. The operation, in fact, will start with the sending of a questionnaire to the banks which will have to report all transactions to and from abroad.
There are new hefty fines for current accounts if these rules are not respected
First rule: the value threshold. Transactions of interest to the Guardia di Finanza are those that exceed Euro 15 thousand in value. It could be a single operation or even several successive operations. Information about the transfer of money can be requested from banks, any credit institution, financial institutions and also from accountants, notaries and lawyers. No information must escape from the mesh of the network.
Here are the fines
The questionnaire must be answered quickly and completely. Fines start at € 250 and go up to € 2000 for individuals. The companies, on the other hand, risk penalties ranging from € 2000 to € 21,000.
To answer the questionnaire will be granted from 15 to 30 days depending on the consistency of requests and movements to justify. It promises to be a hot and busy summer for customers but also for operators in the sector. The only advice possible is to always keep the documentation in order. Looking for it quickly when you only have 15 days to make a statement increases the risk of a fine.
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