How much are the penalties for late payment of tax

The non-payment or late payment of taxes resulting from tax return involves the application of a penalty equal to 30%, which must then be added the legal interest of 1% until 31 December 2010 and 1, 50% from 1 January 2011.

E ', however, will be a reduced penalty in case the payment is made within thirty days of expiration. In this case, the penalty is equal to 2.5% of the amount due plus interest earned up to that point.

A discount is also provided in the case where the adjustment occurs more than thirty days but within one year of expiration, in this case, the penalty will in fact be equal to 3% of the amount due until 31 January 2011 and to 3.75% from 1 February 2011, in addition of course to the interest earned up to that point.

The above penalties are applied to any type of delay in payment of taxes resulting from tax return, the most important and also the most frequent are those relating to final payments or down payments resulting from the income statement or the statement VAT.

 

05/05/2011

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Translated via software

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Source:

Italian version of ReteArchitetti.it

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