HOW AND WHEN TO PAY AFTER THE EXTENSION Abruzzo Web Online newspaper for Abruzzo. News, politics, sports, current affairs.

ROME – The official extension of the income tax to July 20 has arrived from the MEF, but only for ISA taxpayers and flat-rates.

For others, i.e. employees and pensioners, the deadline remains as of 30 June 2020, which is worth 29 billion euros of taxes to be paid, consists of the 2019 balance of direct taxes and the first 2020 advance.

The extension, communicated by the Ministry of Economy and Finance on the evening of June 22nd, affects an audience of about 4 million people.

We also remind you that the relaunch decree canceled the first Irap installment, which expires on June 30th, but it is a (welcome) hand only for businesses: it is not an advantage designed for “natural persons”.

IRPEF, IRES and dry coupon deadline 2020: extension to 20 July for ISA and flat rates

The 30 June – reads on Money – promises to be a real drain for Italian taxpayers. In fact, on the same day, the 2019 balance of direct taxes and the first advance payment 2020 expire.

Considering Ires, Irpef and dry coupon, the taxation on rents, almost 29 billion euros will enter the state coffers.

A considerable figure which, considering the economic conditions of most taxpayers in this period of crisis due to the epidemic, can be frightening and not a little.

In this context comes the extension of income tax to 20 July and VAT, but be careful: it is intended only for ISA subjects and members of the flat-rate regime.

The appointments of Ires, Irpef and dry coupon therefore have a double deadline: on 20 July ISA and flat rate subjects pay; on June 30 they pay employees and pensioners.

The MEF press release of 22 June speaks of a forthcoming dpcm, with which the extension to 20 July will become official.

IRPEF, IRES and coupon deadline 2020: how to pay after the extension. The calculation of the down payment

The dpcm to be issued could also be a sort of “bridge” with the extension expected from the conversion into law of the Relaunch decree: professionals and associations, in fact, are pushing for a longer delay, at least until 30 September.

The extension of payments of direct taxes and VAT expiring on 30 June will therefore arrive with a Dpcm, to move the deadline officially to 20 July.

Let’s take stock of how to calculate the advance payment of what is due, referring to the tax instruments.

The first option that the taxpayer can choose is to postpone the deadline of 30 days, but be careful: this postponement brings with it an increase of 0.40% of what is due.

The new deadline would therefore postpone to 20 August (always for ISA and flat rates).

You can also choose to pay in installments, but at this point interest is triggered at each installment. Those who choose to pay in installments can do so up to a maximum of 6 installments, to be completed by November:

employees and retirees from 30 June (unless extended with the relaunch decree converted into law);
ISA and flat rates from 20 July.

Another solution comes instead from the Liquidity decree, which introduced the possibility of calculating the advance on income taxes with the forecast method and not with the historical one.

Those who pay at least 80% of the down payment will not be penalized, and the option is valid for both private individuals and businesses.

The Revenue Agency instructions for the Income model provide a table for VAT holders and non-VAT holders.

To pay what is due, taxpayers must use the F24 form.

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