ATM alarm: there is an operation that we will have to be very careful not to do, because it could cost us really dearly (in every sense).
It is now an ATM alarm. The executive is studying new measures for discourage tax evasion.
To do this, however, he is starting from basic operations – we could say almost routine – that all Italians carry out.
Let’s talk about payments via POS and withdrawals at the counters. In the first case, very often we are faced with traders who do not own it, or claim that they have it but it does not work and so on. So we are forced to pay in cash.
In the second, until now we have always felt entitled to be able to withdraw when we want and above all as much as we want.
At least until now it has been like this, because from now on things will change, because the government has given the tax authority the task of controlling payments, deposits and withdrawals more frequently and more tightly .. Here is what will happen.
ATM alarm: this is what we will have to be very careful not to do
In the viewfinder, as we said, the habits of merchants related to cash payments.
The government launched the ATM alarm and decided to expand the range of options that the tax authorities have to control what taxpayers do.
All this while at the same time it has begun to introduce various measures to meet those with low incomes, including the Furniture and appliances bonuses.
Here then the executive has taken a decision (which we do not know if it will be final): from June onwards all shopkeepers will no longer be able to refuse to charge customers by credit card or debit card, for any reason.
The penalty imposed on those who do not respect this rule? A fine. But it does not end there, because as we have already anticipated, too ATM withdrawals will be monitored from now on.
The Revenue Agency is starting to check above all the frequency of these operations and the amounts.
The basic assumption, in fact, is that these operations – apparently so trivial – can hide tax evasion and money laundering.
So all those who make too many withdrawals, but at the same time make too few will be kept under control.
But speaking from a practical point of view, how much are the figures that could attract attention?
Speaking of numbers, if anyone should withdraw more than 10,000 euros within 30 days, the counter clerk would have the task of reporting this transaction to the bank, after having asked the person in question what he intends to do with that amount.
Obviously we are also talking about different operations, so, for example, even making smaller withdrawals that add up to that figure will be the subject of further investigation.
However, in the event that someone were to withdraw the same 10,000 euros in a maximum of 30 days, what would happen?
As we anticipated, the bank should be informed and will have to choose whether to alert the UIF (the Financial Intelligence Unit).
The next step, as can be imagined, it is the accurate control by the tax authorities.
However, in any case, in order to monitor all taxpayers, it will use the so-called super registry of current accounts, which is used to monitor all changes in taxpayers’ liquidity.
In short, if the Tax Authority were to see something wrong, it could even open a real dispute.