controls on current accounts, credit cards and prepaid cards are started


Risparmiometro, depart i checks on current accounts and not only: in the viewfinder of the Inland Revenue there are also credit and prepaid cards.

The assessments will focus on i savings accumulated on the accounts of tax payers, in particular the alarm will go off when no withdrawals are ever made.

The basic principle is that, if a taxpayer never touches the savings deposited and no other income comes from the tax return, then surely he is receiving cash in the money resulting from black labor.

November 12thmeeting between the Ministry of the Economy and the Revenue Agency, in which the convention on the 2019-2021 objectives will be discussed and whether the experimentation phase of the savings indicator on natural persons will be decided.

This means that from 2020, all the tax payers and their current accounts could start the sweeps.

Risparmiometro, starting checks on current accounts

2020 will be the year of the fight against tax evasion, the Conte Government has made it very clear.

The Ministry of the Economy and the Revenue Agency are planning a meeting on 12 November 2019 to discuss the convention on 2019-2021 goals.

Among the highlights of the meeting, as the newspaper anticipated ItaliaOggi, we will also discuss the possibility of put an end to the experimentation of the profit meter on natural persons and to initiate actual checks on the current accounts of all tax payers.

This means that from 2020 all current accounts, credit cards and prepaid cards will be targeted by the Revenue Agency and the Guardia di Finanza.

The purpose, as can be read from the documents downloadable from the site of the National Union of State Executives, is:

"Improving the quality of controls to effectively combat tax evasion and avoidance in a perspective of gradual and structural reduction of the tax gap, starting from the most immediately attackable through an improvement in one's own performance".

The Inland Revenue intends to improve its controls and to do so will rely on tools such as the databases available to it, that is the superanagrafe.

We recall that the superanagrafe is a database made up of data from the Revenue Agency and the Guardia di Finanza, an enormous amount of information available to the tax authorities.

Risparmiometro, what triggers checks on current accounts?

In reality the process of the Risparmiometro had already begun with the Save-Italy decree of 2011, then dating back to the Monti Government (but it was the victim of the legendary slowness of the Italian bureaucracy).

The road to get two instruments approved as a savings and super-flyer has been a long one, given the enormous controversy that opens up from the point of view of protection of personal data.

In the end, however, the Privacy Guarantor has given the ok, first on the security of the means with which the data will be transmitted between banks and financial intermediaries, and then on the use of these same data.

At this point it was possible to proceed with the experimentation, which the Revenue Agency started in August 2018 on the companies, just a year later, in August 2019, the model is applied to natural persons.

The objective of the savings gauge is far emerge submerged cash, and to do so a simple assumption is based: if no withdrawals are ever made to the tax payer's account, and no other source of income emerges from his tax return, it is clear that he receives cash from black labor.

Checks by the Revenue Agency take place when one occurs over 20% difference between savings and current account expenses.

The savings gauge will greatly complicate the life of the tax evaders, since it will be able to cross its research with the data provided by the superanagrafe, then current account balance at the beginning and end of the year; entry and exit movements and average stock.

In this way the savings gauge will have access to a huge amount of tax payers' economic and tax data, far beyond the current account and credit or prepaid cards.

However, the eye of the tax authorities not only checks the current accounts, but also:

  • securities deposit;
  • deposit accounts;
  • postal savings bonds;
  • third parties;
  • investments in collective asset management companies;
  • insurance products;
  • credit cards.

What to do in case of checking the current account?

In case of checks on his current account, the tax payer will have to provide the necessary justifications to the authorities.

In fact, before accusing the tax payer, part II preventive contradictory. The tax payer will receive a summons from a tax officer, during which he will have to "defend himself" justifying the anomalies.

The tax payer must therefore be in possession of the whole necessary documentation to prove that no illegal activities took place.

The burden of proof, therefore, rests on the tax payer.

The evidence brought by the taxpayer will be evaluated by the official and in the event that these are not convincing, a tax assessment may follow, namely a specific check with which the taxpayer's situation will be highlighted.

There are basically two reasons that can be given to the Treasury: money comes from one tax-free source (like a parent's donation or a friend's loan) or that the money has already been taxed prior to its disbursement (for example, in the case of winning a bet).

The advice in any case is to keep track of all the documentation in writing, since the simple testimony of a parent will not be valid.

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