📅 Start: 2024
🎯 Objective: “Simplify” the tax process and provide advantages to VAT taxpayers
📑Legislative scheme:
Part of the tax reform for assessments and controls.
Discussed in the Council of Ministers on 3 November 2023.
🎯Function:
Establish taxes in advance for two years.
Addressed to VAT numbers that apply ISA and flat rates.
💡Expected Benefits:
Reduction of the fiscal and administrative burden.
Possible renewal beyond two years.
🗓️Procedure:
Proposal based on data from the Revenue Agency.
Financial planning made easy for taxpayers.
🔢 Data and Financial Projections:
Estimated 760.5 million euros in tax collections from the settlement.
🛠 Tools and Methodologies:
Use of Revenue Agency databases, including ISAs.
Development of personalized proposals for each economic activity.
📅Timing:
Proposal available from March 15th of each year.
Membership deadline: 31 July 2024.
✅Membership Requirements:
ISA score at least 8.
Absence of significant tax debts (equal to or greater than 5,000 euros)
❌Causes for Exclusion:
Lack of tax return.
Convictions for specific tax crimes.
🚦Implications of Acceptance:
Declaration of the agreed amounts without modifications due to changes in income.
No taxation on additional income received beyond what has been agreed.
🔄Termination of the Concordat:
In the presence of lower revenues exceeding 60% compared to expected.
Exceptional situations to be defined by decree.
💼 Exceptional Case Studies:
Immediate termination if specific conditions arise, such as changes in business.
📉 Lapse of the Concordat
Tolerance Threshold Exceeded: Forfeiture if undeclared assets or non-existent/non-deductible liabilities exceed 30% of declared revenues.
Changes to the Income Tax Return: Changes in income or net production compared to those agreed upon may invalidate the agreement.
Payment Default: Failure to pay taxes will result in cancellation of the prepayment plan.
📊 Flat-rate regime and composition with creditors
Exclusion of New Activities: Flat-rate workers who started the activity in the previous fiscal year are excluded from the agreement.
Tax Stability: Revenue Agency acceptance means fixed taxes for 2024 and 2025, regardless of actual income.
📝 Obligations and Irrelevances
Fiscal Compromises:
- Accounting and declaration obligations remain mandatory.
- VAT applied according to ordinary regulations.
Suspended Taxation: During the agreement, suspension of the ordinary assessment activities of the Revenue Agency.
🗝️ Implications on income and ISEE
Income for Benefits: For bonuses and tax benefits, the actual income is considered rather than the agreed one, also influencing the calculation of the ISEE.
🗓️ Biennial preventive agreement deadlines
Year | Expiration |
2024 | By July 31st for membership for the two-year period 2024-2025 |
👥 Subjects admitted
Category | Notes |
VAT holders with ISA | ISA score ≥8 in the previous year |
Flat-rate VAT holders | Excluding those who started business in the previous year |
📉 Cases of forfeiture
Reason | Threshold |
Undeclared assets or liabilities | > 30% of declared revenues |
Tax return errors | Adjustments to income or net production value |