Saturday, April 27, 2024

Vogon Today

Selected News from the Galaxy

Goofynomics

It is lawful to ask …

4 years ago babelfish

Sorry, in the future, because maybe you need the list of our requests to the government. Comments welcome, as always (including those of Serendippo):

Financial sector

Suspension of mortgages : work to ensure that the credit agreement between ABI and production categories becomes effectively operational with automatisms or at least certain and uniform rules.
Facilitated credit lines especially for the financing of working capital.
Raising the amount guaranteed by the SME Guarantee Fund to 5 million .

Tax and companies

Suspension for the whole national territory from 3/16 until the end of the crisis from COVID19:

  • the terms of all payments and tax, social security and welfare obligations
  • of all procedural and procedural and legal terms related to executive procedures
  • the application of ISAs
  • of the procurement code with European model adoption
  • art. 3 of the 2019 Tax Decree, allowing the release of tax compensation
  • the sugar tax, the plastic tax and the restrictions on the use of cash

Moratorium also on ordinary, extraordinary, compulsory and pending collection proceedings.

Raising from 400,000 to 2,000,000 euros in turnover for the general suspension of VAT payments (according to the definition of micro-enterprise)

Raising the limit for credit compensation from 700,000 euros to one million.

Experimental regimes over the three-year period 2020-2022

Flat-rate regime at 15% as per L. Budget 2019 (expose modifications LB 2020) to all subjects with turnover up to 100,000 euros with ATECO profitability ratios.

  • Applied to sole proprietorships, professionals, sas, snc, associated firms and optional srl
  • No bookkeeping
  • Without electronic invoicing or electronic submission of fees
  • Non-applicability of ISAs
  • VAT and withholding tax not applicable
  • Payment only in balance 2021, advance payment not higher than that paid the previous year;

IRES and Irpef subjects ranging from 100,000 to 10 million (small business, European definition)

  • IRES / IRPEF at 20% on income in ordinary and simplified accounting
  • Cancellation of IRAP with compensation to the Regions
  • Advance payment not higher than that paid the previous year
  • No ISA for three years 2020/2022

Fixed rate of 5% for 3/5 years Spa, srl, snc, sas, sole proprietorships and professionals

  • Starting a new business
  • Who are in a state of crisis as stated in the company crisis code (composition with creditors, company restructuring …) and the former bankruptcy law

Dry coupon and leases

  • Dry coupon with a rate of 15% extended to all commercial, managerial, artisanal and industrial rents, if a reduction of the rent applied by at least 30% compared to 2019 is applied contractually
  • Tax credit (or deductible charge) recognized to the owner and tenant in an amount equal to the registration tax paid on rental contracts.

General provision for reopening of terms for:

  • scrapping ter
  • balance and excerpt year 2018.
  • 2018 tax proceedings pending closure

Work

Extension of the Wages Guarantee Fund notwithstanding all sectors affected by the crisis.

Removal of stakes from the Wage Integration Fund to make it accessible to micro-enterprises (VAT numbers starting from an employee).

Local societies

Extraordinary contributions to Municipalities, Consortia and Provinces for infrastructures, schools, maintenance and public works (on the Spanish model ) for at least 3 billion.

Release of any restriction on the allocation of current income from the budgets of the Municipalities for the purpose of current expenditure in the presence of a balanced budget.

Renegotiation of all mortgages of municipalities and provinces.

Companies

Relaunch plan for large infrastructure works on the Genoa model .

Extraordinary production plan and control of the distribution of protective material (masks and detergents), with speculation control .

Moratorium on the payment of water, electricity and gas bills, with subsequent installments.

Measures to revive the red areas

Rapid certification of these areas as ZES (special economic zone) .

Total tax exemption of overtime so that workers can be incentivized to recover lost productivity due to suspension of activity.

Automatisms to define the methods of total "coverage" for workers in the red zone who are unable to go to work due to government ordinance.

(… now let's see …)

This is a machine translation of a post (in Italian) written by Alberto Bagnai and published on Goofynomics at the URL https://goofynomics.blogspot.com/2020/03/domandare-e-lecito.html on Sat, 14 Mar 2020 19:18:00 +0000. Some rights reserved under CC BY-NC-ND 3.0 license.