close

Newsroom

Italy-based member firm Studio Pragma publishes paper detailing government moves to allow taxpayers to settle outstanding debts

7th March 2019

MGI World Screenshot 2019-03-07 at 15.24.23.png

A new paper, produced by MGI Worldwide accountancy network member firm Studio Pragma, outlines the new opportunities granted by the Italian government for taxpayers to regularize old tax debt - rules which also apply to foreign clients with investments in Italy.

As Francesco Bartolucci of Studio Pragma, MGI Europeexplains, If you have clients who have investments in Italy, the Italian government has granted a new possibility for taxpayers to regularize old tax debts.

In recent years, the Italian government introduced a number of tax collection bills allowing taxpayers with old tax debt assigned to the Tax Collection Agent (Agenzia delle Entrate-Riscossione) in FYs from 2000 onward to settle their tax position.

Under such procedures, taxpayers can settle their position with the Tax Collection Agent by paying the higher taxes due and the related interest accrued up to the date in which the Tax Collection Agent has been put in charge of the recovery (together with minor collection expenses), while penalties and further interest afterward accrued are no longer due. The payment of the residual debts is often due in several instalments in order to allow the taxpayer to face the related obligation.

For further details, please DOWNLOAD THIS PAPER HERE

For more information contact Francesco Barloucci at bartolucci@studiopragma.it or visit Studio Pragma’s online profile HERE or their website www.studiopragma.it

MGI Europe is part of MGI Worldwide, a top 20 ranked global accounting network with some 5,200 independent auditors, accountants and tax experts in over 260 locations around the world.

Read more on Industry news and Europe

MGI World MGI Delta prefix logo

Bulgaria-based MGI Worldwide accountancy network member firm take on the MGI prefix to become MGI Delta

19th September 2019

Bulgarian based member firm Delta Assurance Ltd has rebranded and taken on the MGI prefix, to...

MGI World Asia map with MGI Asia logo

The latest IAB report features commentary from MGI Worldwide members as the network maintains its strong position among the top 20 global accounting networks in Asia

10th September 2019

Following the publication of the August 2019 edition of the International Accounting Bulletin...

MGI World Group image of MGI Europe's member firm Revideco

Congratulations to our MGI Worldwide accountancy network friends in Sweden!

3rd September 2019

MGI Worldwide congratulates our accounting association colleagues Revideco AB as they are nominated...