Analytical quarterly Register of income and expenses 2017-Active repentance

Analytical quarterly Register of income and expenses 2017

The Register of income and expenses entered into force in a specific measure by the Inland Revenue as a result of changes made by the Tax Decree (Decree Law no. 16/2012). From 1 January 2017, as a result of the decree law 22 October 2016, n. 193 published in the Official Gazette no. 249 of 24 October last year, will enter into force the new register of income and expenses 2017 quarterly VAT communication rather than annual. With new analytical register of income and expenses, taxable persons obliged to quarterly disclosure VAT 2017, are to ensure the sending, every 3 months, of all invoices issued and received, and data regarding the input VAT and the debt.

Active repentance

The voluntary disclosure has been profoundly reshaped by law Stability for 2015. The revision of the institute has gone through a substantial expansion of the structure and terms for its implementation, with a view to greater simplification of the relationship between tax authorities and taxpayers. According to Law of Stability 2015 are recognized, as of 1st  January 2015, the following new hypothesis of active repentance:

- Reduction of sanctions to 1/9 of the minimum if the regularization of the errors and omissions, although affect the calculation or payment of the tax shall be effected within the ninetieth day following the deadline for submission of the declaration, that is, when it is not expected periodic declaration, within ninety days from error or omission

- Reduction to 1/7 the minimum if the regularization of the errors and omissions, although affect the calculation or payment of the duty, is done by the deadline for submission of the return for the following year to the year in which it was the violation occurred or, if it is not scheduled periodic declaration, within two years from error or omission

- Reduction to a minimum of 1/6 if the regularization of the errors and omissions, also affect the calculation or payment of the tax, is made after the deadline for submission of the return for the following year to the year in which it was the violation occurred or, if it is not scheduled periodic declaration, more than two years from error or omission

- A 1/5 of the minimum if the regularization of the errors and omissions, although affect the calculation or payment of the tax, is made after the finding of breach by the minutes (Art. 24, Law no. 4/1929), unless the violation is not among those mentioned in Article 6, paragraph 3 (violations that consist of the failure / reduced tax receipts issued, receipts or transport documents), or 11, paragraph 5 (omitted installation of the devices for the emission tax receipt), Legislative Decree. n. 471/1997.

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