Italy: Simplified Tax Return Process Unveiled for 2024
In a bid to streamline the tax return process, significant changes have been introduced, making it easier for taxpayers to fulfill their obligations. The Tax Compliance Decree, along with Circular 8/E, brings forth several innovations aimed at simplifying tax returns and deadlines.
Key Changes:
1. Streamlined Submission for 730 Form:
- Employees and pensioners will benefit from a simplified mode of submission for the 730 form.
- Declaration forms for income tax, VAT, and IRAP have undergone revisions, enhancing ease of completion.
2. Pre-filled 730 Forms:
- The Revenue Agency will provide pre-filled 730 forms to taxpayers, enabling them to verify or amend the provided information.
- This analytical approach aims to streamline the process and ensure accuracy in reporting.
3. Expanded Scope of Simplified Model 730:
- The simplified model 730 will gradually be accessible to all taxpayers without a VAT number.
- Inclusion of foreign income and direct refund requests from the agency are among the notable enhancements.
4. Simplifications for VAT Registrants:
- Streamlined declaration forms for income, VAT, and IRAP will eliminate extraneous information, facilitating tax settlement.
- Improved handling of tax credits will benefit economic operators.
5. New Declarative Calendar:
- Deadlines for income tax returns and IRAP submissions have been revised for 2024 and beyond.
- Circular 8/E provides an explanatory table illustrating the updated deadlines, ensuring clarity for taxpayers.
Source: agenziaentrate.gov.it
