January 1, 2022 will be a real “turning point” compared to the past for operations in Bank account; In fact, in just over a month, any payment over €999.99 on a Cc copy may be subject to checks byrevenue agency After the limit imposed on contacts was reduced to the so-called “trackingLet’s start in order and see what it is and how we move to avoid sanctions.
What is the limit of one thousand euros for cash and what are the consequences for it?
From January, as written in a previous article for IlGiornale, new rules for payments and some cash transactions will arrive. In fact, for tracking, the threshold for using contacts will drop from the current 2,000 and 1,000.
Thus, in practice, it is prohibited to make cash payments of any kind and nature, in amounts equal to or more than 999.99 euros; All payments will be included among public, private or entrepreneurship topics of any kind or type (eg dentist, plumber, architect, accountant, etc.).
We must also pay close attention to the fact that the ban will also apply to partial payments whose total, in any case, is higher than the new set limit.
Thus, the revenue agency will be able to activate its own investigations; The principle is found in Article 32 of the Uniform Law on Income Taxes under which every cash payment or transfer to an individual’s current account is considered taxable income and, accordingly, reported on the tax return in order to avoid making assessments for which the taxpayer bears the so-called burden of proof.
How to move with your checking account
First of all, it should be noted that the limit applies only to payments and not withdrawals. Therefore, in the event that you receive a donation of more than one thousand euros only on your account, then investigations will begin; The only way not to risk Penalties By the Revenue Agency to provide written proof of the origin of the amount paid in the checking account, to prove that it is not taxable or that it has already been taxed. The document must be a certificate and have a “specified” date and to have any value, it must have been issued by a notary or by the revenue agency itself, or the date must appear on the postage (sending a business to itself) or it must be mailed Certified email.
Thus, as indicated by InvestireOggiThe ways to defend yourself are:
- Proof that the amount paid is not taxable because, for example, it relates to donations from parents or relatives, compensation for immaterial damages or reimbursement of expenses.
- Proof that the amount paid has already been taxed as in the case of home payroll that helps those who do not have to add credit to the checking account.
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