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Italy to deploy collected data to simplify individual tax filing
Zone(s): Italy ¦ Sector(s): Taxation
[23 June 2014, Tax-News.com] By Ulrika Lomas, Tax-News.com, Brussels: After the Cabinet meeting on June 20, in which a draft tax simplification law decree was approved, Italy’s Minister of Constitutional Reforms and Relations Maria, Elena Boschi, disclosed that, from 2015, tax returns will be pre-compiled for 30 million Italian taxpayers.
Under the pilot, 2015 tax forms pre-compiled by the Revenue Agency will be available for all employees and pensioners. The Agency will utilize the information that is already available to it from its tax database (for example, previous year declarations and payments made), information provided by third parties (such as banks, insurance companies, and pension funds), and the forms completed by employers containing the details of employees’ wages and salaries.