Rewarding physical activity: what is it and how does it work?

What is the new modified physical activity reward and how does it work? As indicated by the Revenue Agency, the bonus is very rich and allows 100% deduction of expenses. It is about the expenses incurred during the year 2022. Let us see in the following article what they are and how they work.

sports club

The government introduced a tax credit almost 100%related Expenses incurred from January 1 to December 31, 2022 To do physical exercises in case Chronic conditions or disabilities. A very important help and that I will certainly have the opportunity to help many people who are in difficulty. But let’s see together how it works.

Modified physical activity reward: what is it worth?

Young-made-athlete-exercise-home

First of all, let’s see how much it is worth and how much thanks will be spent Rewarding conditioned physical activity. Thanks to referee N. 94779 It is specified that the bonus will be given a discount rate equal to 97.5838%. However, unfortunately, there is no longer time to submit applications as they are Expired March 15th.

Bonus Afa: What expenses does it cover?

Let’s see what expenses are included among those deductible with an Afa bonus. As explained by the Revenue Agency, physical exercise is being considered prescribed for specific casesSuch as chronic conditions or physical disabilities. Group exercises also included.

Bonus Afa: How does it work?

Now let’s see in detail How does the Afa bonus work? What are the benefits for the beneficiaries? After submitting the application, a receipt is left for the beneficiaries, which will confirm whether or not they were successful within 5 days. the Expenses are deductible Calculated by AdE: If it is less, then the discount percentage will be 100%.

When is the submission?

sports

From when it is possible to apply for an Afa bonus? Unfortunately, submissions have only been open for one month: from February 15 to March 15, and therefore the award can no longer be requested, at least for this year. The government is expected to reconfirm next year.

Phil Schwartz

"Food expert. Unapologetic bacon maven. Beer enthusiast. Pop cultureaholic. General travel scholar. Total internet buff."

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button