Voluntary Disclosure bis: tight control of the Treasury for taxpayers who moved abroad

The Italian controls Revenue are increasingly stringent to taxpayers who moved their residence abroad. Thanks to some 130.000 instances of adhesion to the VD "1.0", the databases of the Italian tax authorities have been increased by names, details and directions, allowing tax officials to understand what are the improper behaviors of taxpayers for holding their capital abroad and never declare anything to the tax authorities. Each tax officials was, in fact, called to insert all informations related to individual practices examined in a software called COVER (Voluntary Control of and emergence from the report) in order to identify taxpayers habits and behaviors holders current accounts abroad drafting, thus, a case study of "conducted evasive" more widespread. At the same time, the Revenue is using the "data requests" foreign States in order to get the names and particulars of Italian taxpayers who hold current accounts at their banks.

Our professionals are available to provide assistance to who wish to regularize their tax position adhering to the facilities provided by D.L. 193/2016 in voluntary disclousure bis matter.