Tax and Contribution Deadlines February 2023

Specifically, the main deadlines February 2023.

Deadlines with payment by February 15th

• VAT – Deferred invoicing: those who sell goods, the delivery or shipment of which results from a transport document or other suitable to identify the subjects among the which the operation took place, or provision of services identified through suitable documentation, must issue an invoice by the fifteenth day of the following month, with an indication of the operations carried out, which must be noted in the relevant register within the same term.
• VAT – Annotation of summary document for invoices of less than 300 euros: for invoices issued during the month, for an amount of less than 300 euros, a summary document which must show the numbers of the invoices to which it refers, the total taxable amount of the transactions and the amount of VAT, distinguished according to the rate applied.
• Taxes, withholding taxes and VAT – Amendment: it expires on the thirtieth working day for taxpayers who intend to regularize the omitted or insufficient payments of taxes or withholdings due by on January 16, with the application of the administrative fine reduced to 3%, plus the interest due.

Deadlines with payment by February 16th

• Irap – Monthly advance payment due by state administrations and public bodies: the deadline for the payment of the monthly advance payment of Irap due by public bodies expires (ibid. including AA.SS.LL.), by state bodies and administrations, calculated on the basis of wages and salaries paid in the month of January. Public entities bound by the single state treasury system must use Forms F24/EP for the payment of IRAP and withholding taxes, including additional ones.
• Substitutes – Payment of withholding taxes by public bodies: for the public bodies identified in tables A and B attached to law 720/1984, it expires the deadline for the payment of withholding taxes. Public entities bound by the single state treasury system must use Forms F24/EP for the payment of IRAP and withholding taxes, including additional ones.
• Substitutes of tax – Payment withholding taxes at the source: the term expires within which the substitute taxpayers must pay the withholding taxes made during the month of January on income of various kinds paid, such as income from employment and similar, income from self-employment, commissions to agents and sales representatives, capital income and similar, etc.. For direct payments to the collection concessionaire, taxpayers, holders VAT registered or not, use the F24 form. The model must be presented electronically for VAT number holders, or, to an affiliated credit company, to the collection agency or to an authorized post office, for those who do not have a VAT number.
• Tax substitutes – Employment income and similar – Regional and municipal surtax payments (payroll and social security software): regional and municipal surtaxes on employment income employees and similar are due at the time when the adjustment operations are carried out, with the possibility of making use of a maximum of eleven installments (the payment is instead due in a single solution when the employment relationship ceases).
• VAT – Monthly payment: last day for monthly taxpayers to pay the VAT payable, resulting from the difference between the tax payable on the previous month resulting from the active transactions posted or to be posted and the tax resulting from the posted purchase documents. The payment, if the amount exceeds 25.82 euros, must be made using the mod. F24; if the amount of the debt to the tax authorities does not exceed this limit, the payment is made together with that of the month of February.

Many important deadlines are coming up which it will be good to take note of, linked to income taxes, VAT, contributions INPS< /strong> and to all obligations for withholding agents.
Also pay attention to the terms concerning lease agreements and electronic invoices.

Specifically, the main deadlines February 2023.

Deadlines with payment by February 15th

• VAT – Deferred invoicing: those who sell goods, the delivery or shipment of which results from a transport document or other suitable to identify the subjects among the which the operation took place, or provision of services identified through suitable documentation, must issue an invoice by the fifteenth day of the following month, with an indication of the operations carried out, which must be noted in the relevant register within the same term.
• VAT – Annotation of summary document for invoices of less than 300 euros: for invoices issued during the month, for an amount of less than 300 euros, a summary document which must show the numbers of the invoices to which it refers, the total taxable amount of the transactions and the amount of VAT, distinguished according to the rate applied.
• Taxes, withholding taxes and VAT – Amendment: it expires on the thirtieth working day for taxpayers who intend to regularize the omitted or insufficient payments of taxes or withholdings due by on January 16, with the application of the administrative fine reduced to 3%, plus the interest due.

Deadlines with payment by February 16th

• Irap – Monthly advance payment due by state administrations and public bodies: the deadline for the payment of the monthly advance payment of Irap due by public bodies expires (ibid. including AA.SS.LL.), by state bodies and administrations, calculated on the basis of wages and salaries paid in the month of January. Public entities bound by the single state treasury system must use Forms F24/EP for the payment of IRAP and withholding taxes, including additional ones.
• Substitutes – Payment of withholding taxes by public bodies: for the public bodies identified in tables A and B attached to law 720/1984, it expires the deadline for the payment of withholding taxes. Public entities bound by the single state treasury system must use Forms F24/EP for the payment of IRAP and withholding taxes, including additional ones.
• Substitutes of tax – Payment withholding taxes at the source: the term expires within which the substitute taxpayers must pay the withholding taxes made during the month of January on income of various kinds paid, such as income from employment and similar, income from self-employment, commissions to agents and sales representatives, capital income and similar, etc.. For direct payments to the collection concessionaire, taxpayers, holders VAT registered or not, use the F24 form. The model must be presented electronically for VAT number holders, or, to an affiliated credit company, to the collection agency or to an authorized post office, for those who do not have a VAT number.
• Tax substitutes – Employment income and similar – Regional and municipal surtax payments (payroll and social security software): regional and municipal surtaxes on employment income employees and similar are due at the time when the adjustment operations are carried out, with the possibility of making use of a maximum of eleven installments (the payment is instead due in a single solution when the employment relationship ceases).
• VAT – Monthly payment: last day for monthly taxpayers to pay the VAT payable, resulting from the difference between the tax payable on the previous month resulting from the active transactions posted or to be posted and the tax resulting from the posted purchase documents. The payment, if the amount exceeds 25.82 euros, must be made using the mod. F24; if the amount of the debt to the tax authorities does not exceed this limit, the payment is made together with that of the month of February.