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Italy Approves Pre-Compiled Tax Returns

by Ulrika Lomas,, Brussels

04 November 2014

At its meeting on October 30, Italy's Cabinet definitively approved a decree to pre-compile individual income tax returns for some 30 million employees and pensioners.

The scheme will cover 2015 tax forms, for income from 2014, and future years. The Agency will use information from its tax database from previous filing years, information provided by third parties (such as banks, insurance companies, and pension funds), and the forms completed by employers containing the details of employees' wages and salaries.

Beginning with tax forms produced in 2016, pre-compiled tax returns will also include information on purchases of medicine and other health services, which will be provided by the public health billing system.

By April 15 each year, a pre-compiled form will be made available to the taxpayer or their representative over the internet. The taxpayer will then be able to accept the information automatically included in the return or make modifications.

If taxpayers accept the pre-compiled data, their tax declarations will become final and will not be selected for audit by the Agency. Tax refunds that have been assessed automatically will also be paid without further examination.

Those who contest the pre-compiled information will need to submit an amended return to the Agency by July 7 each year.

The tax simplification decree is being issued within the framework of the Legge Delega, which was approved in March this year and sets out general reform principles that need to be implemented within one year through a series of decrees from the Government.

TAGS: compliance | tax | tax compliance | public health | law | employees | tax authority | legislation | Italy | individual income tax | services | Tax

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