The Italian government is considering a major change to support struggling VAT numbers. A new decree law, currently being evaluated by the Council of Ministers, provides for the extension of the terms for joining the two-year preventive agreement. This measure represents a crucial opportunity for many taxpayers, offering an additional month to regularize their tax position.
According to government sources, the new deadline for membership will be set for December 12. This measure is intended to be incorporated as an amendment into the tax decree currently being examined by the Senate Budget Committee.
The first tranche of the agreement, which ended on October 31, registered approximately 500,000 applications, generating revenue of approximately 1.3 billion euros. These numbers highlight the interest and need for support from small and medium-sized enterprises in the current economic landscape.
The possibility of joining this “pact” with the Tax Office offers significant relief to many vulnerable economic activities, which are facing unprecedented challenges due to the economic crisis and the consequences of the pandemic. The extension of the deadlines not only facilitates the regularization of tax positions, but also represents a positive signal from the government towards businesses, underlining the importance of a constructive dialogue between the State and taxpayers.
Looking ahead, the reopening of the terms for preventive settlement agreements could prove to be a key measure to relaunch the Italian economy. The hope is that these initiatives will not only alleviate the immediate difficulties of self-employed workers, but also contribute to a sustainable recovery in the long term. As the number of signatories and interest in these measures grows, the government will need to continue to carefully monitor the impact of these fiscal policies on taxpayers and the economy as a whole.
Trump’s Tariff Plans: A Day-One Agenda Against Drug and Human Trafficking In a bold move to combat drug and human smuggling, President-elect Donald Trump has announced plans to impose significant tariffs on Mexico, Canada, and China immediately after his inauguration on January 20.
Government Unveils “Get Britain Working” Initiative to Combat Unemployment In a bid to rejuvenate the UK job market, the government has introduced its ambitious “Get Britain Working” initiative, promising extensive reforms aimed at reducing the benefits bill and increasing employment.