The submission of the 730/2023 model, both ordinary and pre-filled, expires on October 2, as announced by the Revenue in a recent press release. To submit the ordinary 730 model, you can contact the withholding agent who provides tax assistance, the Caf or a qualified professional. Employees without a withholding agent who can carry out the adjustment must submit the 730 model to a CAF-employee or a qualified professional.
The deadline for submitting the ordinary 730 model is September 30, but this year it has been extended to October 2 due to the fact that September 30 is a Saturday. When the 730 model is submitted through a Caf or a professional, the Revenue formally checks the data declared through the intermediary, also with reference to the data of the pre-filled declaration. It is important to emphasize that, in the event of errors, the 30% penalty is affixed to the person who has affixed the compliance visa, unless there is intent or gross negligence on the part of the taxpayer. Intermediaries are required to check all documents relating to charges, including those in the pre-filled and unmodified declaration, and to file
copies of the corresponding documentation.
Please note that in the event that the taxpayer presents himself to the withholding agent, it is necessary to submit the previously completed regular 730 form.
If the presentation takes place at the Caf or a qualified professional, information on the registrant’s personal residence may be requested during the declaration.
Here is a brief summary of the new features in the 730/2023 model, as described in the instructions:
— Change in income levels and rates: the personal income tax rates applied for incomes between 15,000 euros and 50,000 euros have been reduced. The income bracket to which the highest rate of 43% applies has also been extended (see Table No. 1 in the Appendix)
— Change in the deductions for employee income: the income limit to benefit from the maximum deduction for employee income has been increased to 15,000 euros. An increase of 65 euros in the deduction is expected if the total income is between 25,001 euros and 35,000 euros (see Table No. 6 in the Appendix)
— Change in the deductions for pension income: the income limit to benefit from the maximum deduction for pension income has been increased to 8,500 euros. An increase of 50 euros in the deduction is expected if the total income is between 25,001 euros and 29,000 euros (see Table No. 7 in the Appendix)
— Change in the deductions for similar income and other income: the income limit to benefit from the maximum deduction for income similar to that of employment and other income has been increased to 5,500 euros. An increase of 50 euros in the deduction is expected if the total income is between 11,001 euros and 17,000 euros (see Table No. 8 in the Appendix)
— Modification of the supplementary treatment: supplementary treatment is also recognized for taxpayers with a total income between 15,001 euros and 28,000 euros, provided that certain deductions exceed gross tax
— Removal of architectural barriers: from January 1, 2022, a deduction of 75% of the amount of expenses incurred to eliminate architectural barriers in existing buildings is expected
— Deduction for rent to young people: young people under 31, with a total income not exceeding 15,493.71 euros, have a 20% deduction on the rent. The maximum amount of the deduction cannot exceed 2,000 euros
— Social bonus tax credit: there is a tax credit of 65% of the amount of social disbursements to third sector individuals, to be used in three annual installments of the same amount. The maximum amount of the tax credit cannot exceed 15% of the total income
— Tax credit for adapted physical activity: there is a tax credit for expenses incurred for adapted physical activity, upon request submitted from February 15, 2023 to March 15, 2023 through the web service of the Revenue Agency
— Tax credit for the storage of energy from renewable sources: a tax credit is provided for documented expenses related to the installation of storage systems integrated into electricity production plants from renewable sources. The request can be submitted from March 1, 2023 to March 30, 2023 through the web service of the Revenue Agency
— Tax credit for donations to ITS Academy foundations: there is a 30% tax credit on the amount of donations in cash to ITS Academy foundations. This tax credit increases to 60% if disbursements are made in provinces with unemployment rates above the national average. The tax credit can be used in three annual installments
— Tax credit for environmental remediation: if you have the certificate issued by the portal of the Ministry of Environment and Energy Security, you can take advantage of the tax credit for liberal disbursements for the purpose of environmental remediation of buildings and public land
— Destination of eight per thousand: it is possible to allocate eight per thousand of the IRPEF to the “Church of England” Association starting this year
— Dematerialization of the forms for choosing the destination of the 8, 5 and 2 per thousand of the personal income tax: starting this year, withholding agents who offer tax assistance can electronically transmit the forms relating to the choices without the intermediary
of an intermediary.
