Font size:
Print
The flat-rate accounting scheme can contribute to the development of the territory as it simplifies and facilitates the start-up of new entrepreneurial activities, allowing a broader range of individuals to undertake economic activity without incurring excessive costs and obligations.
The new flat-rate scheme introduced by the ‘2015 Stability Law’ is intended for sole proprietorships, self-employed workers and all activities with Ateco codes, which have an annual turnover of €85,000 or less. This simplified accounting tool aims to favour young entrepreneurs and already active small economic operators, significantly facilitating the management of accounting practices and tax obligations. In particular, this scheme provides for facilitated taxation that allows a single tax to be applied to taxable income, at the rate of:
5% for the first 5 years of activity for persons starting a business activity;
15% as a substitute tax after the fifth year
Moreover, the current flat-rate regime implies
exemption from registration and bookkeeping obligations;
exemption from IRPEF, IRAP;
simplifications for VAT purposes: exemption from submitting VAT returns and annual VAT returns;
exemption from withholding taxes;
exemption from sector studies/ISA declaration.
These important tax simplifications allow entrepreneurs to focus on their business without having to deal with excessive bureaucratic burdens. In conclusion, we can say that the forfetary regime represents a significant opportunity to exploit the economic potential of Oltrepò Pavese. Indeed, thanks to the facilities provided by this scheme, the local economy can benefit from an environment conducive to the development and growth of small businesses and the self-employed, thus stimulating innovation and sustainability in the area.
