Thursday, January 13, 2011

Confidential Email Clause

Divieto di compensazione in presenza di debiti iscritti a ruolo

From 1 January 2011 is forbidden to make compensation (presumably in F24, in this respect, we are awaiting clarification by the Inland Revenue) credits responding tax liabilities listed in the presence of a role for amounts exceeding € 1,500.00.

The above provision was introduced with the recent corrective action, applies only in cases of compensation claims and liabilities of such public tax (income tax, IRES, VAT) and thus excludes the social security contributions, local taxes and violations of Highway Code.

The prohibition applies only to debts due and up to € 1,500.00; clearing and 'prohibited only up to the amount of the liabilities listed on the rolls, so if claims are higher and' eligible for compensation difference.

In the event of unjustified compensation, apply administrative penalty 50% amount improperly compensated.

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