Tax return, lump-sum refunds for those who have debts with the state – Corriere.it

Reduce tax deductions for those who have debts with the state, INPS, or other public bodies as much as the debt itself. The rule contained in the technical staff. 28 Third, the provisions on the collection of income taxes (House of Representatives September 29, 1973, No. 602), which reached the conclusion of the technical investigation and can enter into the budget law. This is an automatic compensation mechanism that will occur before the tax credits are recognized by the tax authorities.

How it works

But how is this supposed to work? In the first two paragraphs of the device, it is clarified that when a tax refund is paid, the revenue agency checks whether the beneficiary is registered and, if so, electronically sends a specific report to the collection agent. Make the amounts to be paid available to him. Upon receipt of the report, the collection agent shall notify the interested party of a proposal to offset between the tax credit and debt recorded in the turn, suspending the recovery procedure and inviting the debtor to communicate within sixty days if it intends to accept such an offer. . In short, if the taxpayer has a tax credit of 500 euros (possibly due to the deduction recognized in the tax return) and at the same time a debt of 150 euros because he did not pay a fine, then the refund will be cut directly to 350 euros (debts recognized by the taxpayer are excluded). Revenue collection agency suspends or grants payment from the Mechanism). At this point, as mentioned, the taxpayer has 60 days to accept or reject the compensation. But he’d be 30 if he decided to start an internal feud, and submit his notes to the Revenue-Collection Agency.

Objectives

The law aims again to combat the widespread phenomenon of tax evasion, in this case through levying. Especially with regard to taxes owed to local entities, those that have reported difficulties in debt recovery, with known budgetary and consequential problems. According to the technical report accompanying the regulation, the mechanism will take care of about 750,000 taxpayers each year, which is equivalent to 460 million euros in tax credits minus recognition because they are offset by debts. On the other hand, taxpayers can also benefit from the new mechanism, because they will avoid foreclosure and the usual costs of the procedure. Now you pass the ball to the parties who will have to find an agreement, not at all obvious, on an always politically sensitive topic like fighting tax evasion.