deadline August 20th with surcharge

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Tax extension, the decree issued on the proposal of the MEF and published in the Official Journal of 29 June 2020 sets the new deadline for 20 July. You can pay by August 20 with a 0.40% increase.

Tax extension 2020, the MEF decree which postpones the deadlines of June 30th.

The DPCM prepared on the proposal of the Ministry of Economy and Finance it was published in Official Journal of 29 June 2020.

There extension of payments resulting from tax returns bring the deadline to pay IRPEF, IRES and substitute taxes from 30 June to 20 July, but only for VAT holders who carry out activities for which ISAs have been approved.

The extension of payments to 20 July also postpones the deadline for i payments with an increase of 0.40%: income tax can be paid by August 20, 2020.

2020 tax extension, MEF decree published in the Official Journal of 29 June 2020

The Prime Ministerial Decree issued on a proposal from the MEF for the extension from 30 June to 20 July payments resulting from tax returns.

A reference that, we read in the text published in Official Journal of 29 June 2020, was arranged considering:

“The general needs represented by intermediaries and taxpayers in relation to the tax obligations to be performed and the persistence of the national epidemiological state of emergency for the spread of the Covid-19 virus”.

The postponement of the deadline for paying income tax 2020 applies to subjects who carry out activities for which they have been approved by the ISAs, and who declare revenues or fees of an amount not exceeding the limit established for each index.

Extension leading to July 20 deadline for paying Irpef, IRES, substitute taxes, as well as VAT related to the additional income declared to improve its tax reliability score.

The postponement of the deadline also applies to the subjects for which they apply causes of exclusion or inapplicability from ISAs, including i lump and individuals who participate in companies, associations and businesses, pursuant to articles 5, 115 and 116 of the TUIR.

If the conditions for benefiting from the cancellation of the 2020 balance and advance are not met, the extension also applies to Irap payments.

Prime Ministerial Decree of 27 June 2020 – extension of payments to 20 July
Deferral of terms regarding taxpayers’ obligations relating to taxes and contributions, pursuant to Article 1, paragraph 5, of Legislative Decree 9 July 1997, no. 24

2020 tax extension, deadline postponement to 20 August with a 0.40% increase

The deadline for ISA subjects, including flat rates, also involves postponing the deadline for i payments with an increase of 0.40%.

In general, income taxes can be paid by June 30 or by the deadline of the following 30 days, by paying a fee as consideration.

As reported in the text of the Prime Ministerial Decree of 27 June 2020, published in the Official Journal of 29 June, income tax payments can be made:

  • by July 20, 2020 without surcharge;
  • from July 21 to August 20, 2020, by increasing the sums to be paid by 0.40 per cent as consideration.

Those in economic difficulty or those who intend to wait to find out if there will be a long extension to September 30 with the conversion of the relaunch decree, can “stall” and wait until after mid-August.

The end of the week suspension marks the last date, to date, for paying the 2020 income taxes benefiting from the longer term granted by the MEF decree.

It should be noted, however, that in the event of installments, the payment on 20 August with an increase of 0.40% creates an overlap with the expiry of the second installment:

  • Contributors VAT holders
INSTALLMENT PAYMENT INTEREST%PAYMENT (*)INTEREST%
1st30 June (20 July for ISA and flat rate subjects)30 July (20 August for ISA and flat rate subjects)
2ndJuly 160.18August 200.18
3rdAugust 200.51September 160.51
4thSeptember 160.84October 160.84
5thOctober 161.17November 161.17
6thNovember 161.50

(*) In this case the amount to be paid in installments must be previously increased by 0.40 percent.



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