Here are the taxpayers who risk record fines

Not only tax evaders should fear the actions of tax authorities. Even simple forgetfulness can result in heavy fines. And for many reasons.

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The magnifying glass on money movements is getting wider. The IRS aims to limit certain transactions as much as possible, to intervene if the travel numbers raise suspicions of alleged tax evasion. For this reason, when using criticism, it is always good to consider the implications that may arise. Yes, Because tax evaders are not the only ones who are afraid of the actions of the tax authorities. Even an honest citizen, if he errs, may find himself in rather unpleasant situations. This is why it would be better not to distract taxpayers, especially in the year-end period (which is known to be more intensive in terms of fiscal controls).

So be careful. Not reporting your income is not the only way to get into trouble. Delete, perhaps due to distraction, To provide specific information or documents It can cost equally. Mostly we are talking about fines. However, in an objectively difficult period like this it is still difficult to bear. In order to avoid unpleasant consequences, the data provided and what is declared must be in perfect accordance, in order to maintain a state of regularity with the tax authorities and any bonuses received.

Taxes, assessments on financial shock absorbers: who risks fines

Therefore, avoiding fines becomes a necessary condition to stay within legal limits. In fact, financial shock absorbers, if conceived, are more susceptible to tax inspections. Any violations can cost fines of up to €5,164 on essie ads. Most of the time, everything focuses on the level of misinformation. Which, as soon as it is ascertained, leads to the suspension of the benefit and the resulting fines. The high amount is intended to discourage both tax evasion and tax fraud practices. But be careful, because the offense is not limited to non-refund of income or negligence.

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Inland Revenue issues fines of up to 1,000 euros to taxpayers who do not comply with the restrictions on the use of cash. From January 1, 2022, the limit will be further reduced, From the current 1999.99 euros to 999.99 euros. Basically, it will not be possible to exceed 1,000 euros for cash payments. Pressure aimed, in addition to combating tax evasion by incentivizing traceable payments, to contain the crime of money laundering. The threshold that, according to Legislative Decree 157/2019, is valid for both natural and legal persons. So be careful. Getting wrong is easy, and getting into high fines is easy: just think that professionals or taxpayers who don’t report violations could find themselves paying €3,000-15,000 fines.

Thelma Binder

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