- The IVA advance payment for 2024 is one of the final tax obligations of the year with a deadline set for December 27
- Taxpayers can calculate the amount due using various methods tailored to their fiscal situation to ensure correct payment and avoid penalties
- The article discusses calculation methods and payment procedures for the IVA advance payment
- Another aspect covered is the penal regularization for IVA not paid in the previous year exceeding 250,000 euros
- Under Article 10-ter of Legislative Decree 74/2000, failing to pay this amount can lead to imprisonment from six months to two years
- December 27 also marks the deadline for the IVA resulting from the 2023 tax period declaration if it exceeds 250,000 euros to avoid criminal consequences
- It is crucial to check unpaid amounts against the penal relevance threshold of 250,000 euros
- The fiscal year for IVA is calendar-based, unlike direct taxes where some entities may have a fiscal year different from the calendar year
- IVA liquidations can be monthly or quarterly, the latter being an option for smaller entities with previous year’s turnover below certain thresholds
- The IVA advance payment for 2024 must be calculated using one of three methods provided by the financial administration historical, forecast, and analytical
- The advance payment is considered in the annual IVA liquidation calculation, which must be filed by April 30, 2025
- Entities that liquidate IVA monthly or quarterly are required to make the advance payment if the amounts are not insignificant
Source: commercialistatelematico.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
