Definitely, many things change as regards the current account of Italians and it is not surprising that many are furious.
Let’s see the many negative news on the current account of Italians and also the threshold of the new tax.
First of all, it must be borne in mind that the cost of the current account in Italy it has risen a lot. According to studies it appears that in the past 12 months there has been a real surge in the costs of the average Italian current account.
The sting and other news
Not just traditional accounts but even those online have significantly increased in price.
Through so-called unilateral contract changes, banks let their account holders know that they will have to pay a lot more and that many services have become extra. Customers are definitely not happy, but other negative news also arrive on the bank. In fact, starting from October there should also be an increase in the commission for ATM withdrawals. But it must be borne in mind that there is also a tax on current accounts if a certain threshold is exceeded. The threshold in question is that of € 5000.
How the tax works
In fact, every Italian current account which exceeds 5,000 euros is required to pay the stamp duty. Stamp duty is automatically taken from the account and accordingly no Italian can escape from it. It is not a cost imposed by the bank but it is a real tax so switch to online accounts it wouldn’t solve anything. Yet there is a way to avoid this tax. The online current accounts of Italians are increasingly monitored by the revenue agency thanks to the super registry of current accounts and therefore any anomalous movement immediately triggers the reports of the taxman.
How to pay and how to avoid it
But the trick to avoid paying stamp duty is absolutely legitimate and anyone can do it. The stamp duty is worth just under € 40 for individuals and € 100 for businesses. To avoid the stamp duty it should be borne in mind that the € 5000 is counted only on stock. Therefore, the money invested is not counted in the 5,000 euro threshold. This means that to avoid the stamp duty it is enough to invest the part that is there of the € 5,000. Today, banks offer many investments as a refuge against inflation but we must be extremely careful because before investing it is important to realize that every investment involves a risk.
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