November advance, no changes to the Income 2019 model


No changes to the model Income in view of the recalculation of the advance tax due in November 2019. The clarification in an Assosoftware note on the novelties of the 2020 Tax Decree.

November deposit reduced, but without modification to what already indicated in Revenue 2019 model. IS Assosoftware to provide clarifications, in the light of the Announcements introduced by Fiscal Decree 2020 (DL n. 124/2019).

If in substance it will be necessary to carry out a new one advance payment calculation due by 30 November (which slides to December 2, falling on Saturday), the Association provides its clarifications, waiting for the Inland Revenue to dissolve all doubts.

The Fiscal Law Decree n. 124/2019 has modified the down payment percentage of the income taxes of November 2019 from 60% to 50%, but the times for software changes and for the release of updates are very tight.

2019 will be remembered as theannus horribilis of tax returns for holders of VAT numbers, dealing not only with the introduction of ISAs, but also with the consequent continuous announcement of extensions, subsequent backward steps, and regulatory changes in progress.

November advance, no changes to the Income 2019 model

The Assosoftware press release published on 7 November provides the first clarifications on the news relating to theNovember deposit.

Those who have already paid the due amount will not have to recalculate the first installment, as well as those who, by adhering to the extension, have postponed the payments (all maintain the calculation of the first installment at 40%).

Who has already sent the model income statement PF it should not then make changes to what is indicated on Line RN62, as the values ​​of the advances calculated at 40% and 60% will be maintained.

The explanations of Assosoftware, which without turning out words difficulty who are meeting the software manufacturers in the necessary update to recalculation of advances, precede the expected clarification intervention of the Revenue Agency.

The subject of the doubts of professionals and companies is the provisions of article 58 of the Decree Law n. 124/2019, which modifies the measure of payments of the first and second installment of the Irpef, Ires and Irap advance for ISA subjects, as well as for the shareholders of companies with incomes produced in associated form or in a system of fiscal transparency, foreseeing two installments of the same amount to be paid in ordinary terms (in June and November)

Payments in advance on taxes expiring in November 2019 must be carried out in two installments, each equal to 50 percent.

Of course, this is without prejudice to what has already been paid for the current year with the first installment of the advance, with a corresponding redetermination of the amount of the advance due in the event of a single payment.

It is the explanatory report to the Tax Decree n. 124/2019 to clarify that, for the tax period in progress at 31 December 2019, the possible payment of the first installment of the deposit is subject to, and therefore, the second instalment, however, to the extent of 50 percent, or the only 90% installment.

Advance taxes, recalculation also for flat rates? Yes for Assosoftware

If Assosoftware publishes the first clarifications on the new rules on the calculation of the advances, it is actually from the Revenue Agency that new developments are expected. Among the doubts for which a swift response is needed there is the application or not of the novelties even to the flat-rate, as well as the inclusion in the new calculation rules also for taxes that follow the income tax criteria, such as the flat rate tax.

An explanatory circular was announced as imminent, but in the meantime the first clarifications arrived from the sector experts. Always referring to the Assosoftware note, it is specified that thedown payment calculated at 50% also applies to flat rates.

Similarly, the Association of management software manufacturers specifies that the recalculation will affect also the November advance payment of taxes following the Irpef payment criteria, like the dry cedola, the IVAFE and the IVIE.

Pending further developments, it is worth emphasizing that the reduction in November 2019 advances represents a dubious benefit for VAT numbers. It is more than anything else one new complication in a year already complex in itself.

Instead, the Treasury will take advantage of the new rules: with the "three card game" which also includes compensation for income taxes, it will be able to count on new "fictitious" resources for 2020, amounting to 1.46 billion euros.

The objective of the rule, presented as an advantage for ISA subjects, is actually that of move part of the revenue from 2019 to 2020, due to the increase in the balance due in June next year. The same reason for the extension of the deadline of November 18, announced with great fanfare by the MEF, only to be withdrawn.

A year to remember, exemplary to explain the real reasons behind the failure of the compliance operation between Fisco and VAT numbers.

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