{"id":7336,"date":"2019-11-11T11:53:22","date_gmt":"2019-11-11T10:53:22","guid":{"rendered":"https:\/\/dev.andersen.dotandmedia.com\/new-limits-on-tax-compensations\/"},"modified":"2020-06-11T18:04:14","modified_gmt":"2020-06-11T16:04:14","slug":"new-limits-on-tax-compensations","status":"publish","type":"post","link":"https:\/\/dev.andersen.dotandmedia.com\/en\/new-limits-on-tax-compensations\/","title":{"rendered":"New limits on tax compensations"},"content":{"rendered":"<p>At the Article 3 paragraph 1 law Decree number 124\/2019 -tax Decree linked Budget law 2020- Government announced new limits to compensation of credits. News will be applied to credits already realized for fiscal year 2019, that is income declaration 2020 and irap declaration 2020.<br \/>\nVAT legislation on compensation of credits will be extended to all other tax credits. For amounts exceeding EUR 5000, the compensation can be made starting from the tenth day after the presentation of the declaration or even from the request from which the credit emerges.<br \/>\nTax credits arising from fiscal year 2019 can be used after the presentation of declaration, that is from May 2020.<br \/>\nNew limits will be not applied to tax substitutes, who has paid withholding in exceeds.<br \/>\nFor amounts not exceeding EUR 5000 can be used freely and without compliance certification from professional.<br \/>\nStarting from March 2020, will be applied a fixed penalty of EUR 1000 for undue compensation.<br \/>\nPurpose of this provision is:<br \/>\n&#8211; avoid undue compensation;<br \/>\n&#8211; allow the revenue agency a prior check to verify the existence of the tax credit, discard payment mandates that they contain compensation of credits that do not result from declaration or  discard all declaration without compliance certification from professional. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>At the Article 3 paragraph 1 law Decree number 124\/2019 -tax Decree linked Budget law 2020- Government announced new limits to compensation of credits. News will be applied to credits already realized for fiscal year 2019, that is income declaration 2020 and irap declaration 2020. VAT legislation on compensation of credits will be extended to [&hellip;]<\/p>\n","protected":false},"author":48,"featured_media":8192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[50],"tags":[],"class_list":["post-7336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New limits on tax compensations - Andersen Italy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.andersen.dotandmedia.com\/en\/new-limits-on-tax-compensations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New limits on tax compensations - Andersen Italy\" \/>\n<meta property=\"og:description\" content=\"At the Article 3 paragraph 1 law Decree number 124\/2019 -tax Decree linked Budget law 2020- Government announced new limits to compensation of credits. News will be applied to credits already realized for fiscal year 2019, that is income declaration 2020 and irap declaration 2020. VAT legislation on compensation of credits will be extended to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev.andersen.dotandmedia.com\/en\/new-limits-on-tax-compensations\/\" \/>\n<meta property=\"og:site_name\" content=\"Andersen Italy\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-11T10:53:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-11T16:04:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dev.andersen.dotandmedia.com\/wp-content\/uploads\/2018\/12\/money.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1624\" \/>\n\t<meta property=\"og:image:height\" content=\"1281\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alessandro Filippo Consonni\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alessandro Filippo Consonni\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/new-limits-on-tax-compensations\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/new-limits-on-tax-compensations\\\/\"},\"author\":{\"name\":\"Alessandro Filippo Consonni\",\"@id\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/#\\\/schema\\\/person\\\/88d21a7833cb6e7fab563907e1fcbf0e\"},\"headline\":\"New limits on tax compensations\",\"datePublished\":\"2019-11-11T10:53:22+00:00\",\"dateModified\":\"2020-06-11T16:04:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/new-limits-on-tax-compensations\\\/\"},\"wordCount\":199,\"image\":{\"@id\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/new-limits-on-tax-compensations\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/money.jpg\",\"articleSection\":[\"Insights\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/new-limits-on-tax-compensations\\\/\",\"url\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/new-limits-on-tax-compensations\\\/\",\"name\":\"New limits on tax compensations - Andersen Italy\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/new-limits-on-tax-compensations\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/new-limits-on-tax-compensations\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/money.jpg\",\"datePublished\":\"2019-11-11T10:53:22+00:00\",\"dateModified\":\"2020-06-11T16:04:14+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/#\\\/schema\\\/person\\\/88d21a7833cb6e7fab563907e1fcbf0e\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/new-limits-on-tax-compensations\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/new-limits-on-tax-compensations\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/new-limits-on-tax-compensations\\\/#primaryimage\",\"url\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/money.jpg\",\"contentUrl\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/money.jpg\",\"width\":1624,\"height\":1281},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/new-limits-on-tax-compensations\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New limits on tax compensations\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/\",\"name\":\"Andersen Italy\",\"description\":\"Andersen Italy\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/#\\\/schema\\\/person\\\/88d21a7833cb6e7fab563907e1fcbf0e\",\"name\":\"Alessandro Filippo Consonni\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d5ec68634065eeeb48e2d56e004aa4fd8747db312e87e3e0333a163935a55bbc?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d5ec68634065eeeb48e2d56e004aa4fd8747db312e87e3e0333a163935a55bbc?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d5ec68634065eeeb48e2d56e004aa4fd8747db312e87e3e0333a163935a55bbc?s=96&d=mm&r=g\",\"caption\":\"Alessandro Filippo Consonni\"},\"url\":\"https:\\\/\\\/dev.andersen.dotandmedia.com\\\/en\\\/author\\\/alessandro-consonni\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"New limits on tax compensations - Andersen Italy","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dev.andersen.dotandmedia.com\/en\/new-limits-on-tax-compensations\/","og_locale":"en_US","og_type":"article","og_title":"New limits on tax compensations - Andersen Italy","og_description":"At the Article 3 paragraph 1 law Decree number 124\/2019 -tax Decree linked Budget law 2020- Government announced new limits to compensation of credits. News will be applied to credits already realized for fiscal year 2019, that is income declaration 2020 and irap declaration 2020. VAT legislation on compensation of credits will be extended to [&hellip;]","og_url":"https:\/\/dev.andersen.dotandmedia.com\/en\/new-limits-on-tax-compensations\/","og_site_name":"Andersen Italy","article_published_time":"2019-11-11T10:53:22+00:00","article_modified_time":"2020-06-11T16:04:14+00:00","og_image":[{"width":1624,"height":1281,"url":"https:\/\/dev.andersen.dotandmedia.com\/wp-content\/uploads\/2018\/12\/money.jpg","type":"image\/jpeg"}],"author":"Alessandro Filippo Consonni","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alessandro Filippo Consonni","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/dev.andersen.dotandmedia.com\/en\/new-limits-on-tax-compensations\/#article","isPartOf":{"@id":"https:\/\/dev.andersen.dotandmedia.com\/en\/new-limits-on-tax-compensations\/"},"author":{"name":"Alessandro Filippo Consonni","@id":"https:\/\/dev.andersen.dotandmedia.com\/en\/#\/schema\/person\/88d21a7833cb6e7fab563907e1fcbf0e"},"headline":"New limits on tax compensations","datePublished":"2019-11-11T10:53:22+00:00","dateModified":"2020-06-11T16:04:14+00:00","mainEntityOfPage":{"@id":"https:\/\/dev.andersen.dotandmedia.com\/en\/new-limits-on-tax-compensations\/"},"wordCount":199,"image":{"@id":"https:\/\/dev.andersen.dotandmedia.com\/en\/new-limits-on-tax-compensations\/#primaryimage"},"thumbnailUrl":"https:\/\/dev.andersen.dotandmedia.com\/wp-content\/uploads\/2018\/12\/money.jpg","articleSection":["Insights"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/dev.andersen.dotandmedia.com\/en\/new-limits-on-tax-compensations\/","url":"https:\/\/dev.andersen.dotandmedia.com\/en\/new-limits-on-tax-compensations\/","name":"New limits on tax compensations - Andersen Italy","isPartOf":{"@id":"https:\/\/dev.andersen.dotandmedia.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dev.andersen.dotandmedia.com\/en\/new-limits-on-tax-compensations\/#primaryimage"},"image":{"@id":"https:\/\/dev.andersen.dotandmedia.com\/en\/new-limits-on-tax-compensations\/#primaryimage"},"thumbnailUrl":"https:\/\/dev.andersen.dotandmedia.com\/wp-content\/uploads\/2018\/12\/money.jpg","datePublished":"2019-11-11T10:53:22+00:00","dateModified":"2020-06-11T16:04:14+00:00","author":{"@id":"https:\/\/dev.andersen.dotandmedia.com\/en\/#\/schema\/person\/88d21a7833cb6e7fab563907e1fcbf0e"},"breadcrumb":{"@id":"https:\/\/dev.andersen.dotandmedia.com\/en\/new-limits-on-tax-compensations\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dev.andersen.dotandmedia.com\/en\/new-limits-on-tax-compensations\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dev.andersen.dotandmedia.com\/en\/new-limits-on-tax-compensations\/#primaryimage","url":"https:\/\/dev.andersen.dotandmedia.com\/wp-content\/uploads\/2018\/12\/money.jpg","contentUrl":"https:\/\/dev.andersen.dotandmedia.com\/wp-content\/uploads\/2018\/12\/money.jpg","width":1624,"height":1281},{"@type":"BreadcrumbList","@id":"https:\/\/dev.andersen.dotandmedia.com\/en\/new-limits-on-tax-compensations\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dev.andersen.dotandmedia.com\/en\/"},{"@type":"ListItem","position":2,"name":"New limits on tax compensations"}]},{"@type":"WebSite","@id":"https:\/\/dev.andersen.dotandmedia.com\/en\/#website","url":"https:\/\/dev.andersen.dotandmedia.com\/en\/","name":"Andersen Italy","description":"Andersen Italy","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dev.andersen.dotandmedia.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/dev.andersen.dotandmedia.com\/en\/#\/schema\/person\/88d21a7833cb6e7fab563907e1fcbf0e","name":"Alessandro Filippo Consonni","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/d5ec68634065eeeb48e2d56e004aa4fd8747db312e87e3e0333a163935a55bbc?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d5ec68634065eeeb48e2d56e004aa4fd8747db312e87e3e0333a163935a55bbc?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d5ec68634065eeeb48e2d56e004aa4fd8747db312e87e3e0333a163935a55bbc?s=96&d=mm&r=g","caption":"Alessandro Filippo Consonni"},"url":"https:\/\/dev.andersen.dotandmedia.com\/en\/author\/alessandro-consonni\/"}]}},"_links":{"self":[{"href":"https:\/\/dev.andersen.dotandmedia.com\/en\/wp-json\/wp\/v2\/posts\/7336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.andersen.dotandmedia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.andersen.dotandmedia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.andersen.dotandmedia.com\/en\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.andersen.dotandmedia.com\/en\/wp-json\/wp\/v2\/comments?post=7336"}],"version-history":[{"count":0,"href":"https:\/\/dev.andersen.dotandmedia.com\/en\/wp-json\/wp\/v2\/posts\/7336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.andersen.dotandmedia.com\/en\/wp-json\/wp\/v2\/media\/8192"}],"wp:attachment":[{"href":"https:\/\/dev.andersen.dotandmedia.com\/en\/wp-json\/wp\/v2\/media?parent=7336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.andersen.dotandmedia.com\/en\/wp-json\/wp\/v2\/categories?post=7336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.andersen.dotandmedia.com\/en\/wp-json\/wp\/v2\/tags?post=7336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}