On Mar. 15, ITA Tax updated on the way to recover missed revenues.
ITA Tax updated on municipalities affected by 2016 earthquake, revenue recovery.
Form, which local authorities must use to obtain compensation for the lower revenue, must be sent within 60 days of its publication on ITA Tax website.
Document dated Mar. 15, received from ITA Tax Mar. 21, summarized on Mar. 25.
Overview
In Decree Mar. 1, officially published on Mar. 14, Ministry of Finance defined methods, terms, so municipalities affected by seismic events began in 2016 that then continued can recover lower revenues from exemption from single property fee.
Decree contains rules for compensation of lower revenues for years 2023 and 2024.
Re property fee for concession, authorization/advertising display and of concession fee for occupation of areas, spaces belonging to state property or heritage unavailable, intended for markets also held in equipped structures art 1 para 816 Budget Law 2020.
It must be requested via certified email sent to email address provided, using form and following relevant instructions, within 60 days from publication on ITA Tax portal.
The data to include is detailed in the release when explaining the content of the form.
The same data must then be indicated both for business signs, display pursuant to para 819b) of 2020 Budget Law, for occupations re paras 819a) and 837 of same law.
Effectiveness
Deadline ends on May 16, 2024.
Regulators
ITA Tax
Entity Types
Corp
Reference
PR 3/15/2024; OG 62, 24A01341, 3/14/2024; Decree 3/1/2024;
