- The Ministry of Economy and Finance has submitted a reformulation of the Romeo amendment to DL 155/2024, related to the 2025 budget law.
- The amendment proposes a payment installment plan for VAT holders, allowing them to spread the second or single installment of tax payments from January to May 2025.
- This deferral is expected to apply only to individuals with revenues up to €170,000.
- Current rules remain in place for those expecting a reduction in income or taxable IRAP base in 2024, allowing them to reduce or eliminate advance payments based on a “forecast method” rather than the previous year’s tax due (“historical method”).
- Any reduction must consider that the 2024 income may be affected by changes in tax regulations, which could offset benefits with negative modifications.
- When using the forecast method, certain legal provisions must be disregarded, such as the super deduction for new hires, as specified in article 7, paragraph 4 of DLgs. 216/2023.
Source: eutekne.info
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