In a previous article we started talking about theIncome tax return, that is, a document that is drawn up annually to inform the tax authorities on that which is thecontribution capacity of a company or a natural person. What is the purpose of giving this information? Simply that of paying a fair level of taxes, commensurate with the income received and which can benefit from all thedeductions and deductions that the law makes available.
Today we talk about themodel 730, one of the two models for the tax return of natural persons. The other is theincome of natural persons model, which corresponds to the former Unico model and which we will explore in more detail in a future news story.
Who must file the 730 form
The 730 form is intended for people who have received income from:
employment
pension
rental of land or buildings
occasional self-employment
other types similar to the previous ones such as, for example, income deriving from holding elective institutional positions, scholarships, maintenance allowances and more.
As regards income from occasional self-employment, it should be specified that the 730 form can only be presented by those who do not have aVAT number, otherwise it will be necessary to fill in the income form for natural persons.
When it is not necessary to present the 730 form…
Are there cases in which the taxpayer is not required to present the tax return? Certainly yes. Let's see what they are.
Those who receive exclusively:
Income from employment, pension or coordinated and continuous collaboration, deriving from a single employer, may not submit form 730 or pension institution, and to which only oneSingle Certification.
Income exempt from the payment of taxes, such as theCitizenship income.
Income deriving from the main residence and its appurtenances.
Income subject to substitute tax or withholding tax. These cases include, for example, income deriving from the possession of government bonds, interest on current accounts or other financial products.
Those who earn incomes below certain thresholds which may vary from year to year are also exempt from filing. For example, if your income in 2022 is less than 8 thousand euros, you are not required to file a tax return.
…and when it is useful to present it
I remind you, however, that even in cases in which you are not obliged to complete form 730, it may however be convenient to present it if you have incurred particular expenses , to be deducted or deducted, such as to make youcreditors towards the tax authorities. At this point, only if you present the tax return do you acquire the right to a refund which can take place in different ways and at different times, depending on whether you are an employee, a pensioner or whether you do not have a tax withholding agent, or a person who withholds taxes from your paycheck and pays them to the State on your behalf.
Which expenses should be declared in 730?
There are expenses that can be declared in 730 in order to reduce the tax to be paid.
The main types concern le:
health expenses
education expenses
expenses for social security contributions
disability-related expenses
spese per ristrutturazioni
expenses for the purchase of goods and services which may vary from year to year
How to present form 730
The 730 form must be presented to the Revenue Agency by30 September of the year following the tax year. The presentation can be made directly online, using a digital identity system such asSPID, or through CAF or authorized professionals.
For some types of taxpayers the Revenue Agency makes available, on its website, apre-compiled form which already contains various data entered automatically , including, for example, deductions for health expenses or social security contributions.
Clip makes your life easier
The presentation of the 730 form is a mandatory requirement for some and which can also prove useful for those who are not required to do so. To stay up to date on our services, sign up to the websiteedynburg.info. And of course follow us on our social channels!
See you soon with the next news!
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