Revenue Agency EU is termed as a non-economic municipal institution operated to guarantee the premier level of tax obedience among the country. It primarily collects tax returns, provides services and support to taxpayers, and performs assessments and tests to address tax circumvention.
It also provides point-and-geographic mapping services, manages all government payments, and processes all public sector electronic bills and health insurance cards through F24’s online system.
EU Tax Strategy
The commission’s part is to ensure accurate operation of the internal market and defend the financial interests of the union by encouraging and sponsoring tax cooperation and safeguarding fair competition and rational taxation for all traders.
How the Revenue Agency in the EU Can Track You?
Transparency is an important factor in ensuring a more equitable taxation system in the EU. This means that the revenue agency of the EU strives hard to ensure fair tax collection from every citizen, and does every possible step to maintain its standard in every member country including Italy.
With the advancement in the tax system and technology, the member countries of the EU agreed to share information of bank transactions, tax payments, and assets of the owners with each other via reports preparation. This system is also called AEOI (Automatic Exchange of Information).
The revenue agency in the EU is responsible for formulating and supervising the execution of EU tax policies in order to safeguard the interests of citizens, businesses, and all member states. The member states are responsible to collect taxes, gather and report all the information related to tax, and control the overall tax system in the country/state.
In 2011, the European Union started to operate the system, which was used to exchange tax and financial info among all member states of the European Union. The EU tax establishments also decided to work more strictly to fully collect taxes from their taxpayers and fight scams and tax avoidance. This system of accountability is still practised in the EU by the revenue agencies vigilantly.
Codice Fiscale – Tax ID Number in Italy
In Italy, codice fiscale is used to track the taxpayers by the tax-collecting agency. Codice fiscale is the 16 character code (numbers/letters) that is issued to every Italian citizen as a Social Security Number. This code is used in Italy for every buying, selling, starting a business, online shopping, court matters, renting apartment/house, utility services, etc.
The code for every Italian citizen is shared with the revenue agency by the Italian government so that they can easily track any person for tax collection.
When you move to another country, the Italian tax laws and ID number of the person will not expire or change. If the first or last name is wrong or changed, the embassy cannot change the previously allotted tax code.
Non-Italians need to fill an application form and process their request for code to receive it. Fortunately, this is a free and fairly simple process.
To learn more about this, check this complete guide about codice fiscale.
Hopefully, the post helped you if you are seeking how you can be traced by a revenue agency in the EU for tax collection. It is advised to pay tax regularly to avoid any bad experience living in Italy.
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