NEW LETTERS FROM THE REVENUE AGENCY FOR NON-DECLARED INCOME

The Italian Revenue Agency (AE), with the measure n. 247672 of July 12th 2019, has planed the transmission of new communications of complicance to the taxpayers that have not declared (totally or in part) their financial activities owned abroad in 2016; namely, the eventual incomes resulting from the match of database and the exchange of information between Countries.

Is possible for the taxpayers to regulate the fiscal position by presentation of a supplementary declaration and the payment of the related taxes.

Morover, another relevant aspect that the taxpayer should consider is the possibility that the AE could deal and share the information with Fiscal Police (such as identification number, amount deposited financial institution, etc.) for the cases of evident or suspected tax fraud, with possible criminal implications.

Our staff remains available for additional information.