Edward James
When a worker on the green receipts have an income of more than ten thousand euros, and the value is paid by companies, have to do withholding.
The irs has detected thousands of workers that pass green receipts and that they are not making withholding IRS even though they have already exceeded the limit of 10 thousand euros of income that allows them to escape this discount. A group of 7167 of these taxpayers has already been alerted to this failure by the Tax and Customs Authority, but only 30% have already regularized the situation.
The limits of exemption of withholding tax for those who pass green receipts is one of the issues that most doubt arouses among the contributors
the rules of The IRS allow an independent worker does not make withholding tax while the value of the receipts that pass the companies (or more exactly, to taxable persons with organized accounts) is less than 10 thousand euros. Beyond this plateau, ends this exemption, it being necessary to start the discount in the month immediately following.
outside of the waiver are still people in 2015 had the income paid by companies that exceed 10 thousand euros, while the services of the Tax and Customs Authority have occurred throughout this year, the existence of irregular situations with this profile.
The Ministry of Finance, in response to the Cash, he claimed to have sent e-mails to more than 7 thousand taxpayers for having exceeded the time limit provided for in the Code of the IRS “during the year of 2015 or in 2016, up to the moment analysis (September)”. The same source stresses that “about 30% have changed their behaviour in the following month, going on to issue an invoice or invoices-invoice with withholding tax, and the Tax and Customs Authority to monitor the development in the periods that follow”.
The limits of exemption of withholding tax for those who pass green receipts is one of the issues that most doubt arouses among the contributors. “It is definitely a very recurring and a problematic issue because normally arises associated with some kind of default”, you need to Live Paula Franco, consultant of the Order of Accountants Certificates.
The e-mails that the Tax Authority sent you are still alert and are intended to support and promote the voluntary compliance of tax obligations
The theme is not simple. To the ignorance of some self-employed workers about the rules, is compounded by the fact that they have to be these to tell you who pays them whether or not to overcome the 10 thousand euros, and then move to withholding. This type of control is difficult on the part of the company because these are unaware of if that person passes receipts for other companies and what is the value in question.
however, points out Paula Franco, the responsible subsidiary for the withholding tax falls on the customer of the service provider or the company that pays the income in question.
The e-mails that the Tax Authority sent you are still alert and are intended to support and promote the voluntary compliance of tax obligations. But, accentuates Paula Franco, the habit has shown that once detected these irregular situations, the irs moves forward with the sanctions – particularly when the situation is not regularized.
And, in the case of withholding tax, the delays are costly: in addition to the repayment of the money missing, there is still a fine that ranges between 15% and 50% of the value of the tax (when they are concerned taxable persons natural persons) or between 30% and 50% of the value of the tax (in the case of involved companies).
The limit of 10 thousand euros for an exemption from withholding tax only applies if who pays for the provision of services for a company or taxpayer is subject to a regime of organized accounting. But it does not have to be observed when the income is obtained from a final consumer. This is what explains that a tenant particularly a landlord who receives a year more than 10 thousand euros of income does not have to do withholding. But if the tenant is a company, this will have already have attention on this detail.
The level of 10 thousand euros for self-employed workers fit in the category B also serves to limit to be or not exempt from VAT. But in the case of this tax, the loss of the exemption occurs only in the year following that in which if you exceeded that value – and can even happen that the worker is forced to settle VAT in a year in which their incomes are lower. The income of the previous year are also the relevant indicator for green receipts fall in the level of discounts for Social Security.
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