Inarcassa is the mandatory social security institution for professionals enrolled in Italian professional associations and colleges. Calculating Inarcassa taxes may be unknown to many, but in reality it is a fairly simple process. In this article, we will explain to you how the calculation of Inarcassa taxes works, the tax rates applied and how to make the correct calculation. Plus, we’ll show you how to pay your taxes and meet deadlines.
Read carefully so you don’t run into mistakes!
Table of Contents:
What is Inarcassa and who is it for
Inarcassa is the mandatory social security institution for professionals enrolled in Italian professional associations and colleges. It was created in 1993 and is an autonomous fund for supplementary social security assistance. Inarcassa is aimed at all professionals enrolled in Italian professional associations and colleges, who practice their profession individually or collectively. Enrollment in Inarcassa is mandatory and guarantees professionals a series of social security benefits, including insurance coverage for professional civil liability, sickness and maternity, disability and pension. Inarcassa is financed through tax contributions paid by professionals, the amount of which varies depending on the
annual income.
How does the Inarcassa tax calculation work
The calculation of Inarcassa taxes is based on the professional’s annual professional income. The amount of taxes is calculated by applying the tax rates provided for by the institution’s regulations, which vary depending on the income class to which the professional belongs. Inarcassa has four income classes, from class A to class D, to which different tax rates correspond. The professional must calculate their annual professional income and identify the class to which they belong. Next, you must apply the contribution rate provided for your income class to your annual professional income. The result obtained represents the amount of Inarcassa taxes to be paid. It is important to make the correct calculation to avoid penalties and late payments.
Inarcassa tax rates
Inarcassa applies different tax rates depending on the professional’s income class. Income class A is reserved for professionals with an annual income of up to 15,000 euros, so the contribution rate is 20% of the annual professional income. Class B is reserved for professionals with an annual income between 15,001 and 30,000 euros, so the contribution rate is 24% of the annual professional income. Class C is reserved for professionals with an annual income between 30,001 and 60,000 euros, so the contribution rate is 26% of the annual professional income. Finally, class D is reserved for professionals with an annual income of more than 60,000 euros, so the contribution rate is 28% of the annual
professional income.
How to calculate Inarcassa taxes
To calculate Inarcassa taxes, the professional must first calculate their annual professional income. This is given by the sum of the income received in the reference year, net of the expenses incurred for professional activity. Next, the professional must identify the income class to which he belongs and apply the contribution rate provided for that class to the annual professional income. The result obtained represents the amount of Inarcassa taxes to be paid. To make the calculation correctly, it is important to consult the institution’s regulations and verify the expected contribution rates for your income class. In case of doubts or uncertainties, it is possible to contact Inarcassa directly for assistance
.
How to pay Inarcassa taxes
Once the Inarcassa taxes have been calculated, it is necessary to proceed with the payment within the scheduled deadlines. The payment of taxes can be made by bank transfer or post, using the F24 model. The F24 model is available at post offices or affiliated banks. It is important to fill out the F24 form correctly, indicating the tax code corresponding to the Inarcassa taxes and the amount to be paid. In the event of late payment or non-payment of taxes, the professional is subject to penalties and interest on late payment. It is therefore important to meet the expected deadlines and regularly check the status of the payments to avoid problems and penalties
.
Inarcassa is a mandatory social security institution for professionals enrolled in Italian professional associations and colleges. The calculation of Inarcassa taxes can be complex, but by following the instructions provided in this article, it is possible to do it correctly and pay the taxes within the scheduled deadlines. Recall the importance of complying with tax obligations in order to enjoy the social security benefits provided by Inarcassa.
