Resorting to expedients to hide the money in the current account from the tax authorities, especially if at risk of foreclosure, are useless. And they are also counterproductive. Here are what movements on the current account alert the Revenue Agency and trigger the controls.
Impossible to escape the Tax Superanagrafe
Saturday 16 October was D-Day for the tax bills. Nearly nine million files were ready to be notified and collected by hook or by crook.
With good luck through an agreement, even by means of installments. With the bad, however, resorting to foreclosures of salaries, wages, allowances, current accounts, etc.
Today with the Tax Superanagrafe no one escapes anymore. Average account balance, balance, wire transfers, investment securities, real estate properties. The Tax today he sees everything and if you do not pay he forecloses.
The deadline of October 16 has been postponed to December 31, making the holders of those millions of files breathe a sigh of relief. But many had already moved to circumvent the possible foreclosure.
But it’s all in vain. The only possibility to escape the foreclosure is to have nothing in the name, no property, no current account. But in our society, for those who have a job or an activity, a condition of apparent nothing lieutenant is practically impossible.
Which movements on the current account alert the Revenue Agency and trigger the controls
It is necessary to be very careful, because those who try to circumvent the tax authorities by hiding possibly seizable assets, risk extensive checks. In particular, anomalous movements on the current account are at risk.
There are operations that arouse the attention of the Revenue Agency. Such as, for example, abnormal withdrawals. Imagining that you are undergoing a foreclosure, you withdraw all the money and leave only a few euros in the account. It is an operation that does not escape the Tax Superanagrafe.
By crossing with the average balance of the account, the tax authorities understand if that movement is anomalous. Especially if it is not a bank transfer, therefore a traceable operation, but a cash withdrawal.
Another operation that immediately falls under the lens of the Revenue Agency is the change of the current account name. It is an extreme solution to try to legally prevent the tax authorities from foreclosing the account, but it is also a useless operation. If the operation is suspicious, perhaps because it was carried out in the vicinity of a possible foreclosure, checks by the Guardia di Finanza can be triggered.
Insights
High risks for these banks and possible very heavy fines. Read here why.
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