{"id":7541,"date":"2023-08-21T11:52:39","date_gmt":"2023-08-21T11:52:39","guid":{"rendered":"https:\/\/axevera.com\/2023\/08\/21\/the-italian-government-strengthens-fiscal-control\/"},"modified":"2025-07-01T09:48:23","modified_gmt":"2025-07-01T09:48:23","slug":"the-italian-government-strengthens-fiscal-control","status":"publish","type":"post","link":"https:\/\/axevera.com\/en\/2023\/08\/21\/the-italian-government-strengthens-fiscal-control\/","title":{"rendered":"The Italian government strengthens fiscal control"},"content":{"rendered":"<h6><strong>The threshold for monitoring foreign transactions is lowered<\/strong><\/h6>\n<p>The new decree-law called Semplificazioni (Simplifications), approved on Wednesday 15 June by the Council of Ministers, amends Article 1 of Decree-Law 167\/1990.\u00a0 According to the rule still in force, intermediaries are obliged to notify the Revenue Agency of transfers made (including in virtual currency) from and to non-resident intermediaries, of an amount equal to or greater than EUR 15,000, regardless of whether they are a single transaction or fractioned transactions carried out on behalf of individuals, simple companies or equivalent associations or non-commercial entities resident or non-resident in Italy. Now, <strong>with the new anti-money laundering decree-law, the quantitative threshold has changed, which is reduced from 15 thousand to 5 thousand euro<\/strong>, from which the obligation for financial intermediaries to send the data communication to the Revenue Agency is triggered. The reporting concerns both cash and virtual currency movements. The decree also deletes the reference to fractional transactions, which was specified in the previous text of the law, and which were to be taken into account to intercept transactions up to EUR 15,000.<\/p>\n<p>As for the <strong>subjects concerned<\/strong>, nothing will change: intermediaries will have to report transactions carried out on behalf of or for the benefit of natural persons, non-commercial entities, simple companies, and associations treated as such.<br \/>\nThe <strong>transactions subject to monitoring<\/strong> are: bank and postal cheques, bankers&#8217; drafts and other cheques assimilated or assimilated to them, postal money orders, credit or payment orders, credit cards and other payment cards, transferable insurance policies, pledge policies, and any other instrument available that enables funds to be acquired, transferred or moved, including by electronic means.<\/p>\n<p>Sources: <a href=\"https:\/\/www.ilsole24ore.com\/\">https:\/\/www.ilsole24ore.com\/<\/a>; <a href=\"https:\/\/www.milanofinanza.it\/\">https:\/\/www.milanofinanza.it\/<\/a>;\u00a0<a href=\"https:\/\/www.italiaoggi.it\/\">https:\/\/www.italiaoggi.it\/<\/a><br \/>\nSources of images: <a href=\"https:\/\/storyset.com\/\">https:\/\/storyset.com\/<\/a>;\u00a0<a href=\"https:\/\/pixabay.com\/\">https:\/\/pixabay.com\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The threshold for monitoring foreign transactions is lowered The new decree-law called Semplificazioni (Simplifications), approved on Wednesday 15 June by the Council of Ministers, amends Article 1 of Decree-Law 167\/1990.\u00a0&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[525,26],"tags":[],"yst_prominent_words":[],"class_list":["post-7541","post","type-post","status-publish","format-standard","category-en","category-news"],"_links":{"self":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts\/7541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/comments?post=7541"}],"version-history":[{"count":1,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts\/7541\/revisions"}],"predecessor-version":[{"id":14822,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts\/7541\/revisions\/14822"}],"wp:attachment":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/media?parent=7541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/categories?post=7541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/tags?post=7541"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/yst_prominent_words?post=7541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}