The Formal Breaches' Settlement – Clarifications

The Tax Amnesty 2023 Framework, as set forth by Law no. 197/2022 (so called Budget Law 2023) has introduced the opportunity for settling formal tax breaches committed until October 31,2022. The eligible misconducts include irregularities, infractions and noncompliance with legal obligations or binding fulfilments of formal nature. Furthermore, the violations under scope must not have affected the tax base calculation for income tax (IRES), value added tax (IVA) and regional tax on production activities (IRAP), and the related payment.

In order to access to the formal breaches' settlement, the applicant must:

• pay € 200.00 per each fiscal year in which the violations have been committed, by March 31, 2023 or in two equal installments by March 31, 2023 and March 31, 2024, and