"May 9, 2016 NEWS: RG Framework Only obliged subjects and news"

Posted by on May 9, 2016

The RG framework must be compiled by taxpayers merchants listings in simplified accounts provided for in article 18 of the P.r.decree 600/1973 who have not opted for the ordinary bookkeeping.

Individual entrepreneurs, as well as partnerships, they can access the simplified accounting scheme if during the tax period previous to their revenues, according to the criterion of competence, in an amount not exceeding:

  • to € 400,000.00, in the case of undertakings which have as their object the provision of services;
  • at £ 700,000.00, in the case of undertakings relating to other activities.

For companies exercising at the same time the supply of services and other activities, you must refer to the amount of revenue related to the main activity, on condition that the revenues are recorded separately.

In case no separate record is made prevailing are considered revenue activities other than the provision of services.

If login during the year (2015), the RG should be completed by taxpayers who have declared that, for the purpose of VAT, a turnover up to € 400,000/year amounted to alleged 700,000 depending on the activity carried out.

Are exempted from the framework compilation RG:

  • those who adopt the system of benefit to young entrepreneurs and mobile workers laid down in article 27, paragraphs 1 and 2, D.L. 98/2011, and taxpayers lump sums as referred to in article 1, paragraphs 54 to 89, l. 190/2014, which should complete the appropriate LM framework dedicated to them;
  • subjects who received commissions from doorstep selling ex Article 36 Law 426/1971, which was made a source-withholding tax made under article 25 bis of the P.r.decree 600/1973.

The business income of the taxpayers in simplified accounting is determining under article 66 of the tax code as the difference between the positive and negative components, allocated on the basis of the principle of jurisdiction, subject to certain exceptions (dividends, grants/systems, taxes, contributions to unions by category).

The RG framework of unique model 2016 has the following new features.

With regard to activity data (rigo RG1) was deleted the box Model INE (normal economic Indicators) which was barred by the subjects that were not required to model building sector studies and were exempted from the normal presentation of the model of Economic Indicators.

With the press release of January 29, 2016, the Agency, with a view to simplification, he underlined the Elimination of the obligation to submit for 2015 models Ine (normal economic indicators) and relevant data communication model for the purposes of studies for taxpayers who have gone out of business during the tax period. Until the 2014 tax year, individual entrepreneurs that they ceased the activities during the year were still required to build the model.

The two requirements abolished were deemed no longer necessary, thanks to the increasing integration of various databases available to the Agency.

Il rigo RG10-"other components", has been completely revised, attributing to each component positive voice a specific code. Similarly were codified the various components of rigo RG22-"other components".

The instructions specify, however, that you can purchase to 2015 indicate in rigo RG10/RG22 all other positive components with code 99, without using specific codes, excluding:

  • positive components identified by the following codes: 3, 7, 8, 9, 10, 11, 15 and 17;
  • negative component identified by the following codes: 15, 16, 17, 18, 8.14, 21, 23, 26, 27 and 29.

Among the negative components under item RG21 1 column is added to indicate the share of costs and other negative components arising from transactions with entities established or located in States or territories with preferential tax regimes or arising from services rendered by professionals who are domiciled in the same State or territory, deductible pursuant to paragraphs 10 and 11 of article 110 Tuir , in excess of the normal value (article 5 Decree. 147/2015).

Among the "Other negative components", under item RG22, was expected, among others, the 27 code to indicate the greater value of amortization and leasing fees tax deductible in accordance with paragraphs 91 and 92 article 1 Law 208/2015 (c.d. Superammortamenti).

The stability law 2016 has planned for holders of enterprise income (and also for professionals), which make investments in capital equipment new from October 15, 2015 to December 31, 2016, an increase of 40% of the acquisition cost of the goods be subsidized new solely for the purpose of deductibility of depreciation and lease payments.

Also, if you buy into this period of new motor vehicles (goods limited deductibility) must pay in addition to the increase of 40% of the cost of acquisition, the increase to the same extent of deductibility limits laid down in article 164, paragraph 1, lett. b) Tuir.

As a result, the cost of a car went from euro 18075.99 recognised for tax purposes at euro 25306.39 euro 18075.99 plus 40 (percent).

The most amortization or the greatest share of the lease, will therefore indicated under item RG22 code 27.

Other new features are the inclusion of column 1 in rigo RG23-"untaxed Income", which indicate the share of income payable without tax in accordance with article 1, paragraphs 37 to 45, l. 190/2014, resulting from the use of intellectual property, patents, trade marks, designs and models, as well as processes, formulas and information relating to experience gained in the industrial field legally protectable, commercial or scientific, which does not contribute to income (c.d. Patent box).

Finally, following cancellation by the article 1, paragraph 85, l. 190/2014, facilitated regime for new productive initiatives introduced by article 13 of law 388/2000, you deleted the special Rafter RG32 reserved to taxpayers who I adopted.

by Bruce Ferreira