Everything is ready for the write-off of debts up to 5 thousand euros provided for by the “Sostegni decree”: in fact, a circular has been issued signed by the director of the Revenue Agency and issued in agreement with the Revenue-Collection Agency, which clarifies the debts that may be canceled, the taxpayers who can benefit from the measure and the timing. On October 31, 2021, all debts that, as of March 23, 2021, have a residual amount of up to 5 thousand euros, entrusted to the collection agent from 1 January 2000 to 31 December 2010. The limit of 5 thousand euros (including capital , interest for delayed registration in the role and penalties) must be calculated in relation to the amounts of the individual loads.
Individuals (form 730 and Income 2020) who have received a taxable income of up to 30 thousand euros in the tax year 2019 and entities (joint stock companies, partnerships and non-commercial entities) that have achieved , in the current tax period as of 31 December 2019, a taxable income of up to 30 thousand euros.
Which debts can be “written off”
The Sostegni decree has ordered the automatic cancellation of all debts with a residual amount as of March 23, 2021 up to 5 thousand euros, including capital, interest for delayed registration in the role and penalties, resulting from the individual charges entrusted to the collection agent from 1 January 2000 to 31 December 2010 by any creditor body (except for the debts expressly excluded, listed in the document of practice). Compliance with the ceiling must be calculated taking into account the capital, the interest for delayed registration in the role and the penalties, while the premiums and interest on arrears and any procedural costs are excluded from the calculation. If the taxpayer has several charges registered in the role, the amount of each counts: if the individual charges do not exceed 5 thousand euros, they can all benefit from the cancellation. The excerpt also applies to debts falling under the Scrapping-ter, the balance and excerpt and the reopening of the terms. On the website of the Revenue-Collection Agency it is possible to check whether the debts admitted to the aforementioned facilitated definitions can be canceled.
The taxpayers concerned
The payables that may be subject to an excerpt must refer to individuals and subjects other than individuals who have achieved, respectively in the tax year 2019 and in the tax period in progress as of 31 December 2019, a taxable income up to 30 thousand euros. For natural persons, the 2020 Single Certifications and the 730 and PF 2020 Income declarations present in the database of the Revenue Agency as of 14 July 2021 are taken into consideration. For subjects other than natural persons, instead, reference is made to the declaration models Income Joint-stock companies, partnerships, non-commercial entities, in the title page of which a tax period is indicated which includes the date of 31 December 2019.
How the excerpt takes place
The Revenue Agency carries out checks on the possession of the requisites by the taxpayers concerned, reporting the tax codes that remain out for exceeding the income requirement, and by 30 September will give the green light for the cancellation. The collection agent will automatically provide for the Excerpt; the taxpayer will be able to verify that the debts have been canceled by consulting his debt situation in the manner made available by the collection agent. The payables subject to the Extract are all automatically canceled on 31 October 2021.