VERY IMPORTANT NOTICE - TRANSFERT MONEY TO AN ITALIAN BANK ACCOUNT

02/16/2014 - 08:05

ATTENZIONE - COMUNICAZIONE IMPORTANTE – I am sorry , the news are in italian only – but VERY VERY IMPORTANTTo all peoples that transfert money from outside the Italy To an �� bank account�� FONTE , Il Sole 24 ore Dal 1° febbraio banche obbligate alla ritenuta del 20% sui bonifici in arrivo dall'estero alle persone fisiche. Le ritenute saranno automatiche (a meno di precedente richiesta di esclusione) e spetterà poi al contribuente dimostrare che le somme non hanno natura di compenso "reddituale". Entra così in vigore l'articolo 4, comma 2, Dl n. 167/90 modificato dalla legge 97/2013) che assoggetta a ritenuta d'acconto del 20% qualsiasi bonifico estero in entrata, percepito da una persona fisica.��Le specifiche applicative si trovano nel provvedimento n. 2013/151663 del direttore dell'agenzia dell'Entrate del 18 dicembre scorso e il prelievo è frutto della decisione di considerare ogni bonifico proveniente dall'estero e diretto ad una persona fisica italiana, come una componente reddituale imponibile, salvo prova contraria che deve essere data dal contribuente che riceva la somma sul proprio conto corrente. Tuttavia, i primi versamenti all'erario da parte degli intermediari (principalmente le banche) andranno effettuati il 16 luglio, conguagliando in quel versamento tutte le ritenute maturate dall'1 febbraio fino al 30 giugno (e quindi accantonate e con gli interessi). Successivamente, si verserà la trattenuta ogni 16 del mese successivo all' all'effettiva percezione della somma. Di fatto, a tutti i contribuenti che riceveranno un bonifico dall'estero sul proprio conto personale - e non professionale o d'impresa - sarà applicata la ritenuta, a titolo di acconto che sarà, poi, scomputata in sede di dichiarazione annuale dei redditi. Si tratta, quindi, di una vera e propria "trattenuta" che non sarà applicata solo nel caso in cui il contribuente dimostri che l'importo ricevuto o bonificato non abbia una connotazione reddituale ma solo ed esclusivamente patrimoniale: ad esempio, il bonifico in entrata potrebbe essere una restituzione di un finanziamento effettuato negli anni passati, oppure la restituzione di una caparra, data per la conduzione di una casa in locazione all'estero. Complesso, però, il meccanismo che prevede un ruolo primario al funzionario di banca che deve ricevere la dichiarazione del contribuente e valutarla. In ogni caso, che si effettui la ritenuta o meno, il nominativo del percipiente andrà segnalato dalla banca all'agenzia delle Entrate. E il contribuente ha tempo fino al 28 febbraio dell'anno successivo a quello della trattenuta per attestare l'impropria applicazione della ritenuta e chiedere alla banca la restituzione. È importante ribadire che la ritenuta non si applica alle persone fisiche che ricevano bonifici nell'ambito della propria attività d'impresa o di lavoro autonomo e quando la riscossione non avvenga tramite l'intervento di un intermediario finanziario. Secondo il provvedimento, il contribuente potrà esimersi dall'assoggettamento all'imposizione mediante l'esibizione di una autocertificazione, possibilmente preventiva, rispetto alla movimentazione finanziaria: purtroppo, però, lo stesso provvedimento non chiarisce ancora la valenza temporale di tale autocertificazione. Per prassi si ritiene che la presentazione di tale dichiarazione possa coprire, almeno, l'intero periodo d'imposta nel caso in cui si inserisca, all'interno della medesima, una breve descrizione preventiva sui flussi futuri che riguardino la medesima fattispecie giuridica .Come si evince dal tenore del provvedimento, non esiste neppure uno standard per l'elaborazione dell'autocertificazione ma, certamente, vi dovrà essere una "quadratura" fra beni e capitali detenuti all'estero (quadro RW del modello Unico) e i flussi reddituali in entrata: è probabile insomma che l'intermediario oltre alla autocertificazione possa richiedere al soggetto passivo l'esibizione del quadro RW dal quale si dovrà evincere quale bene abbia originato il flusso monetario in entrata.

Comment

As I understand it, [from postings elswher on the net];- From 1st February ALL transfers to �� bank accounts from outside Italy are subject to a 20% witholding tax. The bank will deduct the 20% and send it to the GovernmentThis is all about tax due on investments abroad.To reclaim the money, assuming it was not the result of an investment abroad, you must reclaim it on your next �� tax return.You can also make an 'autodichiarazione' at your bank regarding the 'ritenute d'ingresso' to declare it is not money from investments abroad and the bank will no longer deduct the 20%. [UK Pension payments, for example]��

you should contact your bank immediately and activate a procedure to ensure that the transfers used to pay the mortgage and the utilities are not subjected to deduction of 20% - All other transfers, the deduction will suffer, as will be seen as increases in private income not stated, that as tax evasion - i think that to make all the payments that are not mortgages, bank loans or insurance payments on the fire and life, connected to a mortgage - the best thing is to use the credit cards issued on bank accounts not �� - maybe waiting for the �� government to correct this situation that is not in line with European standards of freedom of movement of capital. Ugo

Would proof of a UK pension or salary be adequate for the autodichiarazione?

Does this apply to non resident accounts too?

I must thankyou Ugo for bringing this to my attention. I was about to exchange money today to transfer into my �� bank account. Before making any decisions i visited the bank. They confirmed that this new tax was about to begin but were unsure as to how it would be implemented.My husband and I are both in receipt of private pensions in the uk which we use here for living expenses. I change a lump sum every 2 months via an exchange broker. It has proved to be cheaper than using my british current account - debit card.The bank informed me that I could transfer money upto the end of this week. Friday 21st without any tax removed from the lump sum. After this date they were unable to say what would happen although they did say that we would be able to get some forms of which we would be able to sign explaining that we required the money for general every day living , electric, food etc and that it was money with uk tax removed at source.. Unfortunately they were unsure how long this would take as at this time it was too early to say how this new system will work.I exchanged money today and it will be in my account tomorrow i do hope that they are true to their word. to be honest I don't have much faith in the banks of any country I consider them a necessary evil.I recommend to anybody else in this situation to speak to their bank just in case they are all acting differently. Mine is the Banca d'Asti.Also they did point out that this only applies to bank accounts of �� and foreign residents. If you are a non resident then sigh with relief at the moment !!I look forward to hearing from anybody else in a similar situation.

Attention Julia and everyone else who read this topic, the newspaper Il Sole 24 Ore, published another article, this evening, where there are some explanations. Unfortunately, banks are not very informed about this law and its application - However, the article confirms that the tax you pay on all transactions made, from abroad to ALL of the current accounts of private persons in Italy and that the date the beginning of the tax is 01-Feb-2014 - below I put the link to the new article - On February 1, forced banks to 20% withholding tax on transfers to individuals coming from abroad. The deductions will be automatic (unless prior request for exclusion), and then it will be up to the taxpayer to prove that the money is not in the nature of compensation "income." Here are the experts' answers to the questions of the readers of Sole24Ore that explain how this levy . Ugo ()��

Thanks for that I will look into it in the morning.

see all pages and comments !The not italian citizens that are owner of an italian propertyMUST NOT FORGETthat they , as italian property owner , are tax property payers ( tassa sui rifiuti, Electricity, Gas ..) As a result of their italian banks current accounts , for bank servers, are equivalent to those of italians citizens = PRIVATI I this morning spoke with some italian baks , many officer DO NOT HAVE OPERATIVE INFORMATIONSthe 20% picking are operated directly to central bank server :(I advise those of you who transfer money for the mortgage payment, by way of greater security, to transfer amounts to 20% higher than the installment loan that is due,for peaceUgo ()��

"I advise those of you who transfer money for the mortgage payment, by way of greater security, to transfer amounts to 20% higher than the installment loan that is due," You'd need to send 25% extra so that the needed amount remains.��i.e.�� E125-20% = E100

Sono esenti dal prelievo le donazioni tra privati e i redditi da lavoro autonomo = Are exempt from the levy between private donations and income from self-employment Here's how they work - transfers of controversyTo avoid the levy of 20% on money from abroad serves the self-certification CALL TO YOURS ITALIAN BANKS , AND ASK THE FORM TO MAKE DECLARATION !! ��

advise of to contact your bank - before fill it

stop , no 20% drawingsiamo governati da una banda di pazzi ��

I contacted my bank, Monte dei Paschi di Siena, and the manager confirmed that, becuse we had a non-resident bank account, the withholding tax charge would not apply. So please check the categorisation of the bank account to which the funds are paid.

Good old Italy looks like they've put this on hold now

I just stumbled upon this information accidentally and have heard nothing about it previously. I intend (intended?) to buy a house in Italy and pay with cash that will be transferred from savings now in the US. This is scaring the stuffing out of me. Imagine having 20% withheld from your transaction! Needless to say, I will get an exception before performing such a transfer since my income is entirely from retirement funds. I thought the US and Italy had a reciprocal agreement assuring that taxpayers will not be double-taxed. The smaller the world gets, the more confined I feel.

This measure has been put on hold until September, which basically means it has been annulled. Dont worry about it

Phew!

Any new information? We were just in Italy. Our bank says perhaps in July they will know what is happening.on the brink of a renovation project a 20% loss of funds is outrageous. Does this declaration form exist?

I think this post by Modicasa"This measure has been put on hold until September, which basically means it has been annulled. Dont worry about it"is correct, you will certainly hear about it long before it happens, which I reckon wont! However I can fully understand your concern, we too were at the time and took action to avoid the need to transfer cash, but in your circumstances it would be very difficult. Silly, if not illegal measure to even contemplate. This measure has been put on hold until September, which basically means it has been annulled. Dont worry about it - See more at: /post/very-important-notice-transfert-money-italian-bank-account#sthash.l48ykJmU.dpufThis measure has been put on hold until September, which basically means it has been annulled. Dont worry about it - See more at: /post/very-important-notice-transfert-money-italian-bank-account#sthash.l48ykJmU.dpufThis measure has been put on hold until September, which basically means it has been annulled. Dont worry about it - See more at: /post/very-important-notice-transfert-money-italian-bank-account#sthash.l48ykJmU.dpufThis measure has been put on hold until September, which basically means it has been annulled. Dont worry about it - See more at: /post/very-important-notice-transfert-money-italian-bank-account#sthash.l48ykJmU.dpufThis measure has been put on hold until September, which basically means it has been annulled. Dont worry about it - See more at: /post/very-important-notice-transfert-money-italian-bank-account#sthash.l48ykJmU.dpufThis measure has been put on hold until September, which basically means it has been annulled. Dont worry about it - See more at: /post/very-important-notice-transfert-money-italian-bank-account#sthash.l48ykJmU.dpufThis measure has been put on hold until September, which basically means it has been annulled. Dont worry about it - See more at: /post/very-important-notice-transfert-money-italian-bank-account#sthash.l48ykJmU.dpuf