REDDITI 2023 - income tax return for the year 2022 for individuals - information and required documents

REDDITI 2023 for individuals (without VAT number)

Should you wish to instruct our firm to prepare the tax return for the year 2022, we kindly ask you to send us the relevant documents by Friday, 9 June 2023.

Enclosed you will find a list of the documents required for this purpose (see Annexes A, B and C).

Payments

The IRPEF balance payment for the year 2022, as well as the first instalment of the IRPEF advance payment and of the regional IRPEF surtax for the year 2023, are due before the filing deadline of the tax return, namely by Friday, 30 June 2023, or with a 0,4% surcharge by 31 July 2023. Payment by instalments is possible (a maximum of 6 monthly instalments up to the month of November 2023), whereby the last instalment falls due on 30 November 2023 and interest of 4% per annum (equal to 0,33% per month) must be calculated. The first IMU instalment, on the other hand, is already due by Friday, 16 June 2023.

The second instalment of the IRPEF advance payment and of the regional IRPEF surtax for the year 2023 is due on 30 November 2023.

An IRPEF liability or an IRPEF credit of a non-relevant amount, i.e. up to Euro 12,00 (corresponding to the minimum amount for IRPEF payments due), is not owed and can neither be refunded nor offset.

We remind you that since 3 December 2016 private individuals without a VAT number are again allowed to submit the F24 payment forms to the bank for payment, even if the amount of 1.000 Euro is exceeded. It should also be noted that all taxpayers who have to file F24 forms with a zero balance must do so via Entratel or Fisconline and may not send them via home banking or internet banking.

IRPEF rates

With the 2022 Budget Law several amendments and implementing measures were adopted which affect in particular the structure of IRPEF. The income brackets and the corresponding tax rates, the tax deductions for employment income/pensions and equivalent income, the additional tax deduction for employment income and the deductions for dependent family members were revised.

Below you will find a summary table setting out the current situation.

Dependent family members

As from 1.3.2022 there are changes to the tax deductions for dependent children pursuant to Article 12 TUIR.

As from that date,

• the tax deductions can only be calculated for dependent children aged 21 and over;
• the tax deductions are replaced by a kind of family allowance, the "assegno unico" paid by INPS (a separate application is required for this), for dependent children under 21 years of age and for disabled children of any age.

For the period from 1.1. to 28.2.2022 the tax deductions must therefore be calculated according to the old rules, whereas the new rules apply as from 1.3.2022.

In addition to the changes introduced, attention must also be drawn to the following abolitions:

• of the increase of 200 € for each dependent child for families with more than three children;
• of the additional deduction of 1.200 € for families with more than 4 children;
• of the supplements for children with disabilities, since these are also replaced by the single allowance for children aged 21 and over.

Allocation of 8‰, 5‰ and 2‰

For the year 2022 there is, as in previous years, the possibility of allocating a share of 5‰ of the tax due to the municipality of residence, for social purposes or to non-profit organisations, etc., a share of 8‰ to religious communities, and a share of 2‰ to political parties.

It is also possible to allocate the 5‰ exclusively to amateur sports clubs, provided that these are entered in the national register of amateur sports clubs and carry out a relevant activity of social interest.

Please note that this choice does not entail any additional costs for you. Please let us know, if applicable, the name and tax code of the organisation to which you wish to allocate the 5‰, 8‰ or 2‰.

Filing and transmission deadline

The tax return "REDDITI 2023" for income from the year 2022 must be transmitted electronically by 30 November 2023. The electronic transmission may be carried out by the taxpayer himself, at the Italian Revenue Agency or by an authorised intermediary (e.g. auditors and tax advisors).

A few exceptions remain in which the tax return may still be submitted in paper form at the post office, but this must be done within the shorter deadline of 30 June 2023.

Certification of conformity

If a tax credit for an amount higher than Euro 5.000,00 is designated for horizontal offsetting, the tax return must be accompanied by a certification of conformity.

Annex:

• Annex A: List of the documents required for the preparation of the tax return
• Annex B: other income
• Annex C: deductible expenses