The law provides for minimum amounts below which the tax authorities will not issue collection notices or make tax refunds and, in the case of the IRS, these ceilings are set at 25 and 10 euros respectively.
At a time when several thousand private taxpayers are waiting for their IRS to be refunded, the Tax and Customs Authority (AT) has published a text explaining the minimum collection and refund amounts for the different taxes, because the amounts are not all the same.
As far as collections are concerned, apart from personal income tax (IRS), taxpayers are not asked to pay any money when the outstanding amount is less than 25 euros and is related to corporate income tax (IRC) and VAT.
There are also a number of taxes that are not levied when the amount in question is less than 10 euros. These are IMI, Stamp Duty, IUC and IMT (except in the case of an additional assessment, in which case the minimum amount rises to 25 euros).
In the case of excise duties, the limit up to which there is no charge is also 10 euros, as well as, says the AT, in the case of non-commercial drinks where the limit of 30 liters of finished product per year and per producer is not exceeded.
The limits for issuing and sending the refund to the taxpayer are set at 10 euros in the case of IRS and IMT, and 30 euros in the case of ISV, which means that if the amount to be refunded is less than these amounts, the ‘check’ will not be issued.
