The Italian Revenue Agency, and INPS, the Italian National Social Security Institute, have renewed the bilateral cooperation agreement covering their joint measures against the evasion of taxes and social security contributions.
The agreement, which was initialled by Attilio Befera, the general manager of the Revenue Agency, and INPS chairman Antonio Mastrapasqua, renews the collaboration between the two institutions for a further five years.
Due to the new possibilities to transmit information online, the agreement’s provisions on data cross-referencing, the sharing of information and operational coordination will mean, it was said, even more rapid and efficient procedures against evasion.
In particular, the Revenue Agency will be able to utilize the information provided by INPS to compare with the actual tax declarations by companies, and then with the results of the Agency’s sectoral studies.
On its side, INPS will use the data provided by the Agency to verify the income of contributors – individuals, companies and employers – compared against, for example, their rights to enjoy social security benefits.
Befera said that the agreement will reinforce the joint strategy of the two institutions, and make it more selective. However, he also underlined that they still want to encourage taxpayers to take their own decision to make proper declarations, both to the Agency and to INPS.
.Tags: tax | law | individuals | social security | tax compliance | Italy | tax avoidance | compliance | regulation | Italy
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment