Taxes, extension of second deposit and single tax return. Announcements


The tax day of 30 November for the payment of second or single advance of income taxes and Irap for the year 2020. The long-awaited economic recovery at the end of the year vanished with the second wave of infections, creating new liquidity problems for businesses and families.

In light of the new lockdown, the opposition and the accountants are asking for a further one extension of the deadline for the payment of taxes throughout the national territory, while the leader of Forza Italia, Silvio Berlusconi, calls for a white fiscal year.

Tax deadlines November 30, 2020: second advance on personal income tax, IRES and IRAP

November 30, 2020 will be a bitter day for many Italian owners of VAT number, struggling with the expiry of the second or single advance of income taxes and Irap for the year 2020. In particular, these are payments Personal income tax, substitute taxes payable by flat-rate and minimum taxpayers, flat rate coupon on leases, Ires of corporations e IRAP.

Thanks to the August decree, some categories of taxpayers have had the opportunity to postpone the payment deadline directly to April 2021 in light of the economic difficulties resulting from the Covid pandemic. We are talking mainly about subjects that carry out economic activities for which the ISA – Synthetic indices of fiscal reliability (with turnover of less than approximately 5 million) that have suffered a decrease in turnover or fees by at least 33% in the first half of 2020 compared to the first six months of 2019.

Subsequently, the Ristori bis decree expanded this audience of beneficiaries, eliminating the constraint of the decline in turnover but only for certain activities that operate in certain regions of Italy, depending on the severity of the spread of the virus. The categories are those identified by the Ateco codes listed in Annex 1 of the Ristori decree then integrated by Annex 2 of the Ristori bis decree. These are, for example, bars, restaurants, swimming pools, gyms and cinemas, but only for those who have tax domicile in the red areas or restaurants in the orange areas. For them, the deadline will no longer be November 30 but April 30, 2021.

Extension of the single tax return 2020:

Clamored by the accountants even a further one extension of the tax return through the 2020 Single Form for natural persons, whose deadline is set for November 30 in conjunction with the other tax deadlines.

To consider the need to align the deadline for submitting the Single Model with that of 770 declaration extended to 10 December 2020.

Hopefully at least a Unico 2020 extension, that is, of the tax return at least as of December 31, 2020, to be included in the next Ristori ter decree.

Second advance Irpef 2020 with forecast method

Those who remain outside these categories will be forced to pay the Irap, Ires and Irpef advances by 30 November 2020. Little consolation: they will be able to benefit from a novelty introduced with the Liquidity decree, or make the payment of the advances with the forecasting method in place of the historical method.

The taxpayer will be able to calculate the tax advances with a tolerance margin of 20% in case of error. It will be enough pay at least 80% of the deposit in order not to incur penalties and interest.

The forecasting method can be applied both for the calculation of the advance on income taxes, therefore IRES and Irpef, and for the dry coupon.

Refreshments decree quater extension of tax deadlines:

A real jungle of tax deadlines this year due to the numerous postponements. Furthermore, everything becomes complicated considering the color changes of the various regions of Italy depending on the severity of the spread of the pandemic, creating a disparity of treatment that stimulates the opposition to ask for an extension of the payment terms for all, because the Coronavirus it is affecting everyone without distinction.

The Ministry of Economy and Finance, after consulting the Revenue Agency, is discussing the issue of tax deferrals in the Ristori quater tax moratorium but nothing has yet been defined, today’s vote on the budget variance is expected.

L’opposition press the majority while the leader of Forza Italia, Silvio Berlusconi, believes that a “fiscal white year, with the stop to any payment of taxes and duties”.

The idea of ​​extending the extension of tax deadlines to the whole national territory also like pentastellati while divergent positions are observed within the Pd.

Refreshments decree bis: stop to VAT and IMU payments

Instead, the expiry of the November 16, 2020 thanks to the provisions introduced by the Ristori bis decree, but only for the activities damaged by the lockdown in the red and orange areas.

VAT payments and withholdings postponed to March 16, 2021 on income from employment and on income similar to that of dependent employment and the deductions relating to the regional and municipal surcharge which will be paid in March in a single solution or in four monthly installments of the same amount.

Save also those who had to pay the second Imu 2020 installment due next December 16, due for the properties in which they carry out the activities affected by the restrictions of the Dpcm 3 November.

According to some calculations, the postponement of fiscal deadlines, taxes and contributions, decided with the two Ristori decrees amount to € 2.5 billion.

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