The fiscal cashback will be applied with priority to social-health expenses. The coordinated text of the fiscal delegation provides for this, with amendments and reformulations to be approved, the result of the majority-government agreement, distributed to the groups in view of the vote in the Finance Committee in the Chamber which should restart from June 14th. In the intricate negotiation on the delegation to reform the tax authorities, the government therefore accepted the implantation of the flag measure of the M5s. In the reorganization of deductions and deductions, the text provides that it will no longer be necessary to wait for the moment of the tax return to discharge 19% of the expenditure incurred in relation to traceable purchases of specific goods and services.
Medical expenses immediately reimbursed
Basically, instead of entering medical or health expenses in the tax return, and then waiting for the reimbursement to be credited by the Revenue Agency, it is possible to obtain a more immediate reimbursement on the current account via telematic platforms in the case of expenses incurred with tracked payment instruments.
The option to communicate to the pharmacist
It will therefore be a question of saying to the seller (for example the pharmacist): “I want the cashback and not the deduction”, communicating a code that will be reported both in the means of payment and in the electronic receipt / electronic invoice / payment slip; it will be the seller, when notifying the tax registry of the expense incurred by the taxpayer, to indicate the latter’s willingness to benefit from the cashback.
The technological infrastructure
Although the proposal has been baptized “fiscal cashback”, it is unlikely that this measure will be able to reuse the technological infrastructure from the 2020/2021 cashback for electronic payments (for example through the Io App) with the possible exception of the communication of the account’s Iban coordinates on to obtain the refund. In fact, the legislation relating to the tax deduction of some types of subsidized expenses (expenses that are considered worthy of a sort of tax bonus) require a timely identification of them.
Cashback workhorse of the M5s
Launched on an experimental basis during the Christmas holidays of 2020 and fully operational at the beginning of 2021, strongly supported by the then Prime Minister Giuseppe Conte and supported by the Five Stars, the cashback program rewarded electronic payments (guaranteeing a refund of 10% on the amount of purchases with cards, for a maximum of 150 euros per month) and targeted the use of cash in daily transactions. With the declared aim of bringing out many black operations.