The decree of 2 February 2021 of the Ministry of Economy and Finance, published in the Official Journal no. 33 of February 9, 2021, approved the new additional causes for exclusion from the application of the synthetic tax reliability indexes (Isa) for the 2020 tax period, in order to take into account the extraordinary effects of the economic and market crisis, resulting from the health emergency caused by the spread of Covid-19.
The decree provides that, for the tax period in progress as of 31 December 2020, the Isa do not apply towards the subjects:
- which have suffered a decrease in revenues pursuant to art. 85, paragraph 1, excluding those referred to in letters c), d) and e), or the fees referred to in art. 54, paragraph 1, of the Tuir, by at least 33% in the 2020 tax period compared to the previous tax period;
- who have opened the VAT number starting from 1 January 2019;
- who predominantly exercise the economic activities identified by the activity codes shown in a specific list attached to the decree (see the summary table of the excluded activity codes).
Taxpayers excluded from the application of the Indices, based on the new assumptions, are in any case required to communicate data in order to guarantee continuity to the Isa database.