The fight against tax evasion by the Inland Revenue does not stop the control of current accounts, credit cards and bank movements of taxpayers, in order to highlight any discrepancies with your income tax return. In recent years various measures put in place to track down tax evaders. Let’s see some.
Monitoring of bank movements and abolition of banking secrecy
We start from the last measure in time. From 31 March 2016 all the data relating to current accounts, credit cards, investments, deposits, etc. must be submitted by banks, postal and financial intermediaries Anagrafe of financial reports. It is no longer, as happened to date, only the annual balance, but the average amounts and movements made during the year.
Talking about banks, in fact, remember that banks and financial operators must already report annually the balances of current accounts and other financial instruments.
Moreover, in recent months Italy has obtained the abolition of banking secrecy by certain foreign states considered hitherto of tax havens; we cite for example the Principality of Monaco, Switzerland and Liechtenstein.
Field studies and monitoring of receipts and tax receipts
Businesses, the self-employed, freelancers are subject to the development of sector studies. This is statistical tools with which the IRS verifies the correctness of the profits declared by individual taxpayers by comparing them with the relevant sector and the business environment more generally. The sector studies are then used to carry inductive assessments in four economic areas: trade, services, manufacturing, professional.
Checks are also carried out directly on the ground thanks to the work by the Guardia di Finanza. Yellow Flames dealing, among other things, the issuance of verification receipts and receipts, the proper movement of goods and compliance with legal obligations.
Redditometro and spesometro
The yardsticks and analysis as we have seen are different. Add to these also redditometro, namely the reconstruction of the total income of the Italian taxpayer starting from the expenses incurred, and the spesometro or transactions relevant for VAT purposes. With regard to this second point, we recall that the spesometro regards transactions with emission requirement of the invoice, regardless of the amount, and operations without obligation to issue the invoice amount greater than or equal to 3,600 Euros, including VAT.
Serpico and other databases
The tax authorities may rely on different data banks consecrated to put together and compare important information of taxpayers, among which include tax returns, VAT and IRAP; the situations relating to the collection of fees and taxes; real estate; vehicles; banking and financial reports; data regarding the electricity supply contracts, water, gas, phone.
The best-known database is Serpico which compares the different tax information to find tax evaders.
Electronic invoices and Reverse Charge
The government aims to use the encouragement of electronic invoice. For now it is mandatory only in relations with the public administration but also intends to enlarge the relations between companies.
It is also compulsory reverse charge VAT or reverse pointing to cancel the evasion of value added.
Payments in cash and POS
The maximum cash use was set this year to 3 thousand euro. In addition to those necessary to make use of other forms of payment. Also in this context the fight against tax evasion, in 2014 it is mandatory to use the POS by self-employed and entrepreneurs: the latter must be able to charge customers via debit card, or the card PagoBancomat, whenever they requested .