La voluntary disclosure is convenient for you
Voluntary disclosure in few words
What it is
With Voluntary Disclosure the Italian State allows you to settle your status at the Italian income revenue authority if you have properties or capital assets undeclared to the Inland Revenue and registered abroad.
Smaller administrative sanctions
Lump-sum calculation of profits for amounts smaller than 2 million;
Reduction of the reference period for the payment of taxes, due to a shortened limitation period from 10 to 5 years;
No criminal liability for declarative tax-related crimes, including fraudulent ones;
Laundering and self-laundering not punishable.
What risks do you take if you do not choose it
Heavy administrative sanctions
Paying interests for taxes not paid up
Paying taxes and fines for all the years that violations have been ascertained
4 to 8 years in jail for criminal liability
Being unable to benefit from Voluntary Disclosure after being inspected by the Income Revenue Authority.
Why choose Seven Fiduciaria?
We are specialised into the fiscal management of multi asset and multi country properties, for which we work as withholding agent.
By choosing us for Voluntary Disclosure you can keep your property abroad and have a “juridical repatriation”, which entitles you a further reduction of the sanctions.
Private citizens, credit institutes, Italian and international managers will find maximum secrecy with us during and after the procedure has been completed.
Thanks to the protection of Seven Fiduciaria, the Italian taxpayer will not have to present his international activities in the RW form of the individual income tax return.
The six steps of Voluntary Disclosure
We guarantee that your identity will ne kept private. We will create an action plan and will appraise potential costs, with no further commitment on the part of our clients.
We receive the commitment upon subscription of the mandate letters.
We collect all the documents regarding activities, assets and undeclared capital assets.
Calculation of the sums to pay: we examine the taxes to pay, related to the years under analysis and the precise amount of all due sanctions.
We draw up the voluntary collaboration form to arrange assessment notices
As we deal with assessors, we point out whatever is necessary to get sanctions reduced.
Arrange a meeting
To discuss Voluntary Disclosure in light of your requirements, to learn about the detailed procedure, the advantages and the risks you take if you decide not to opt for this solution, contact us now.
Are you an advisory?
Do you need a reliable partner for your clients who subscribe for Voluntary Disclosure?