2024 Tax Return Deadline Approaches for Self-Employed and Employees: Key Steps to Take by October 31

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2024 Tax Return Deadline Approaches

The deadline for the 2024 tax return is nearing, affecting both freelancers with VAT registration and employees, including pensioners.
The last day to submit the Redditi Pf model is set for October 31, 2024.
While this model is typically designed for VAT registered individuals, it can also be utilized by employees who missed the deadline for the 730 form on September 30 or by those needing to correct errors in previous submissions.

This October 31 deadline is crucial for all self-employed individuals and professionals, as well as employees and pensioners.
The importance of this date can be summarized by three key reasons: firstly, VAT registered individuals must submit their tax returns to the Revenue Agency by this date; secondly, corrections can be made to errors in the pre-filled 730 forms by sending a corrective 730 within the specified timeframe; and lastly, employees and pensioners who did not submit the 730 by September 30 can regularize their situation by submitting a Redditi Pf model.

Understanding the 2024 Tax Return Deadlines

The deadline for submitting tax returns through the Redditi model approaches quickly: all returns must be sent to the Revenue Agency by October 31.
This date marks the conclusion of the 2024 tax return season, which began with the availability of forms starting April 30.

Taxpayers could modify the pre-loaded data from the Revenue Agency starting May 20, and from that date, they could submit their tax returns either with adjustments or without changes.
Another key date in the tax return calendar was June 20, the last day allowed for canceling a return in case of errors by sending a corrective Redditi model.

The 730 model had to be submitted by September 30, while the Redditi models are due by October 31.
This is particularly essential for VAT registered individuals as it also allows for adherence to the biennial preventive agreement, which debuts this year.

Key Changes for the 2024 Tax Return Models

The October 31 deadline for the tax return submission is the result of several delays.
Initially, the Redditi model was supposed to have the same deadline as the 730 model on September 30.
However, to accommodate the submission of the declaration in line with the preventive agreement’s deadline, the final submission date was pushed to October 15 and then ultimately to October 31, contrasting with last year when submissions were accepted until November 30.

Submissions are exclusively electronic, and taxpayers can either proceed independently using the Redditi model provided by the Revenue Agency or seek assistance from an authorized professional.

Who Must Submit the Redditi Model for 2024?

Those mandated to submit their tax returns using the Redditi model are primarily VAT registered individuals.
This model is specifically tailored for this group of taxpayers.
It includes several types of models intended for different categories, notably:

• Redditi Pf model: for individual persons;
• Redditi Enc model: for non-commercial entities and equivalents;
• Redditi Sc model: for capital companies;
• Redditi Sp model: for partnerships.

VAT registered individuals are required to submit a tax return, regardless of their income level, which means they must file even if they report zero income.
However, the use of the 2024 Redditi model isn’t exclusive to VAT registered taxpayers, as it can also be employed by:

• Employees and pensioners who did not submit the 730 model by September 30;
• Individuals who received income subject to substitute tax, separated taxation, or capital gains from foreign investments that must be declared using an additional Redditi model, focused on completing the relevant sections Rm, Rs, Rt, and Rw of the Redditi model.

It’s noteworthy that the use of the 730 model has expanded starting this year, allowing those who had to declare certain types of income through the Redditi model in previous years to now use the 730 model instead.

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