Income tax return 2023, ready draft models: the news

Available on the Agenzia delle Entrate website, with the relative instructions, to be used in the next declaration campaign

The drafts of the 2023 models are available on the Revenue Agency website, with the relative instructions, to be used in the next declaration campaign. In detail, the drafts of forms 730, 770, Income for natural persons (dossiers 1, 2 and 3), Income for joint stock companies, Income for partnerships, Income for non-commercial entities, Consolidated national and worldwide and Irap are online. This is what we read in a note.

Model 730/2023 – In the 730 and Personal income models there is the reconfirmation of Superbonus, Sismabonus and Ecobonus for interventions on buildings, while in the Business, Organization and Company models tax credits make their debut to support businesses and economic operators in the purchase of gas and energy products.

The main innovations for the 730 and Individual income models: they find space in the tax returns for the 2022 tax year several novelties, including the remodulation of the income brackets and the redefinition of the deductions for income from employment, pensions and for income similar to that of employment. With the introduction, from March 2022, of the single universal allowance for dependent children up to the age of 20, the discipline of deductions for family members also changes and consequently also the statement of the declaration of “dependent family members” .

Making its debut, the bonus recognized for expenses relating to the installation of storage systems integrated in electricity production plants powered by renewable sources and that for expenses incurred to benefit from adapted physical activity, i.e. physical exercise programs intended for people who have chronic pathologies or physical disabilities and who perform them in a group under the supervision of a professional, to improve the level of physical activity, well-being and quality of life and promote socialisation.

The new model also includes the tax credit for donations to Its Academy foundations. The bonus is due to the extent of 30% of the sums disbursed and is raised to 60 percent if the disbursements are directed to Its Academy foundations that operate in territories with an unemployment rate higher than the national average. The Superbonus, Sismabonus and Ecobonus concessions for interventions on buildings remain confirmed.

Model 770/2023 – New codes have been inserted in the new return for the management of extensions of payments. Furthermore, for the indication of the payments made in the year 2022, following the installments envisaged to counter the Covid19 emergency, the appropriate codes remain active in the summary tables. In the So framework, on the other hand, a new prospectus is introduced for the management of ordinary and alternative individual savings plans (PIR).

Business, Organization and Company models and Irap model, the news – The forms and related instructions have been updated to accommodate the regulatory changes regarding income taxes and Irap. Among the innovations, the “Social bonus” tax credit, for cash donations made to third sector entities that have presented a project to the Ministry of Labor and Social Policies to support the recovery of unused public buildings and of movable and immovable property confiscated from organized crime, and the repeal of the regulations on “systematically loss-making companies”.

Furthermore, among the new credits managed under the Ru framework, I particularly note the contributions, in the form of tax credits, introduced to deal with the negative effects deriving from the exceptional increase in the prices of energy products and from the strong consumption of gas. These include the tax credit in favor of energy-intensive companies, the one in favor of companies with heavy consumption of natural gas, and bonuses for the purchase of fuel for agricultural and fishing activities. For non-commercial entities, the model manages the detaxation of profits received by national sports federations recognized by the Italian National Olympic Committee. Finally, in the Irap model, the IQ framework has been eliminated following the exclusion of natural persons carrying out commercial activities and performing arts and professions from the list of taxable persons and the new “simplified” management of deductions for employment has been introduced in the IS framework.