Tax bills, anti-crisis amnesty. In the Sostegno decree also compensation for 11 billion

Almost 11 billion euros are coming in for compensation, or support as the government has renamed them. But above all comes the cancellation of tax bills matured between 2000 and 2015. Yesterday the Minister of Economy, Daniele Franco, met with the deputy ministers and undersecretaries, to take stock of the decree a total of 32 billion which will be approved next week. To be “helped” will be all businesses and all VAT numbers (including professionals enrolled in professional associations such as accountants, lawyers and architects) who suffered a loss in turnover of at least 33% in 2020 compared to 2019.

Four bands for compensation

Yesterday a draft of the decree circulated that indicated three thresholds for obtaining compensation: one of 20% of the loss of turnover for companies and professionals with revenues up to 400 thousand euros; one of 15% if revenues reach up to 1 million; and one of 10% for companies and VAT numbers with revenues up to 5 million. But the scheme, bequeathed by the previous government, would have already been modified by Franco. There will be four bands: starting from a compensation of 30% for companies and professionals with revenues up to 100 thousand euros; 25% for those with revenues up to 400 thousand euros; 20% for professionals and businesses with a turnover of up to 1 million and 15% for those that reach 5 million.


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To obtain the compensation would be 2.7 million VAT numbers and companies. They will be able to choose whether to receive the help directly or in the form of a tax credit. Indemnities will have a minimum ceiling of one thousand euros and maximum of 150 thousand. As announced by the government, there will be specific interventions (with a funding of 600 million) for skiing and mountains. While there is specific help for those who work in the historic centers and around the sanctuaries.

Tax records and assessments

Important news are also coming on the front of the folders. Those up to 5,000 euros and dating back to the years from 2000 to 2015, will be canceled. These are 65 million deeds out of the total 137 million crammed into the “warehouse” of the Revenue Agency – Collection. The state would cancel taxpayers’ debts for about seventy billion and the cost to the Treasury would be 930 million. It is not the only measure. The freeze is confirmed for another 2 months, until April 30 of the notification and payment of the 56 million documents frozen for the pandemic.

The draft of the provision circulated yesterday actually provided that only the payments were frozen, while the notification of the bills would be resumed normally. An approach that, however, during yesterday’s summit it would have been decided not to follow, confirming the freezing of notifications as well. The Revenue Agency – Collection, from when it will be possible to resume delivery of the documents, will have 21 months to notify them. One way to lighten the impact. And there will also be a sort of “scrapping” of the files received from companies and VAT numbers that have suffered turnover losses of more than 33%.

Scrapping and balance and excerpt

They will be able to pay the amount due without paying penalties and interest and also using the installments allowed by the rules on scrapping. This “facilitated definition” will concern the tax debts that accrued in 2017, 2018 and 2019. There is also the postponement of the payment of the installments for the scrapping ter and for the balance and excerpt. The draft circulated yesterday provides that “the ineffectiveness of these definitions will not be determined if the payment” is made by 31 July 2021, as regards the installments due on February 28, March 31, May 31, July 31 and November 30, 2020. While the deadline of November 30, 2021 is set for the installments due on February 28, March 31, May 31 and July 31 2021.

A 7 billion euro package is foreseen for the labor chapter. The redundancy fund will be funded for the whole year and no longer for weeks as has been done up to now. More resources, pending its reform, will be allocated to Citizenship Income to cope with the increase in poverty recorded by Istat.

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