New Tax Amendment Proposes Installment Payments for VAT Holders in 2025 Budget Law

• The Ministry of Economy and Finance has submitted a reformulation of the Romeo amendment to DL 155/2024, related to the 2025 budget law.
• The amendment proposes a payment installment plan for VAT holders, allowing them to spread the second or single installment of tax payments from January to May 2025.
• This deferral is expected to apply only to individuals with revenues up to €170,000.
• Current rules remain in place for those expecting a reduction in income or taxable IRAP base in 2024, allowing them to reduce or eliminate advance payments based on a “forecast method” rather than the previous year’s tax due (“historical method”).
• Any reduction must consider that the 2024 income may be affected by changes in tax regulations, which could offset benefits with negative modifications.
• When using the forecast method, certain legal provisions must be disregarded, such as the super deduction for new hires, as specified in article 7, paragraph 4 of DLgs. 216/2023.

Source: eutekne.info

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

---

---