Property owners with an IMI value of more than 500 euros and who chose not to pay the tax in full in May have until this Wednesday to pay the second installment of the tax.
According to data from the Tax Authorities (AT), the total amounts for this year (for IMI for 2021) amount to 679,435 more than 500 euros.
According to the legal rules that frame IMI, when an owner has a tax amount higher than 500 euros, it is automatically divided into three installments of the same amount, the second of which is paid in August.
The payment of the Municipal Property Tax (IMI) began in May with the issuance of 4,009,718 payment notes, of which 895,969 were worth less than 100 euros, generating one payment note.
Otherwise, the payment is divided into two or three installments, payable in May and November or May, August and November, if their value is between 100 and 500 euros or exceeds 500 euros respectively.
This phasing does not apply to owners who opt for full payment of the tax in May.
According to AT’s official source, a total of 580,811 settlements worth more than $100 have been paid in full in May this year.
This number represents an increase of 3.85% compared to those who took advantage of this option to pay the municipal property tax in one go last year.
The IMI rates are set annually by the municipalities, in a range between 0.3% and 0.45% (for urban buildings), and they are also responsible for deciding whether to join the IMI family, a mechanism that discount to live-in families, or to the application of increased rates to vacant or destroyed buildings.
IRS can be paid in installments
Taxpayers with IRS owed in proportion to the income they received in 2021 also have until today to pay the missing tax, but they can ask to make the payment in installments.
Official data from the 2022 IRS campaign (for previous year’s revenue) indicates that 1.1 million taxpayers have received collection notes worth $2.3 billion this year.
This concerns situations of people who earned income that was not withheld at source, as is the case, for example, with renting, or who, after paying the monthly withholding tax, turned out to be insufficient in relation to the tax they had to pay and of which the value was determined with the delivery of the IRS’s annual return.
According to the IRS code, the missing tax included in the above-mentioned collection notes is due today.
Nevertheless, the rules in force allow those who do not make the payment today, another 15 days (accounts after the end of the payment period) to request that the tax be paid in installments.
Installment arrangements can be followed on the Finance Portal, with a simplified version for amounts of tax debts less than five thousand euros.
This simplified installment regime does not require any security, as long as the taxpayer has no other tax debts, and allows the amount to be paid over a maximum of 12 installments.
In addition, and according to an official source of the Tax Authorities Lusa, this year, like last year, the AT will propose to the taxpayer a payment plan on its own initiative – if it does not pay , neither does it commit itself to payment in installments on its own initiative – if the amount is less than five thousand euros.
In this way, the installment plan proposed by AT is accepted upon payment of the first installment. If this is not done and payment is not made, the process moves to tax enforcement.
It should be noted, however, that payment in installments is also possible in a tax enforcement process, even if costs and charges are involved in this situation.
August 31 is also the deadline for AT to return the IRS to taxpayers entitled to a refund.
Source: DN
