Incorrect Imu Payment in 2024: How to Fix It?

Incorrect Imu Payment: How to Fix It

What can you do if, after making the first installment of the Imu (Municipal Property Tax) by June 17, 2024, you realize that you have paid the wrong amount? Even if the payment is made but errors occur in the Imu calculation resulting in an underpayment, there are sanctions for the taxpayer, which can be quite hefty.
To avoid having to pay the increased amount due to sanctions, it is sufficient to regularize the payment before the Municipality initiates an assessment, thus being able to use the institute of “ravvedimento operoso.”

Understanding Imu and Its Payment

The Imu is a tax due for the ownership of a property, applying to all property owners, excluding those who own only their primary residence, which does not fall under a luxury category.
The tax is paid in two installments, an advance payment by June 16 (extended to June 17 in 2024), and the balance due by December 16.
Alternatively, the full tax amount can be paid in a single installment in June.

Correcting Imu Payment Errors

The correction method varies depending on when the errors are identified.
If errors are noticed before the installment due date, filling out an F24 form with the additional amount to be paid satisfies the requirement.
If errors are identified after the due date, using the “ravvedimento operoso” mechanism becomes necessary to rectify the mistake.

Control and Costs of Imu Payment

The verification of Imu payments is conducted by individual municipalities.
Failure to pay the tax may lead the Municipality to engage the Revenue Agency for debt recovery.
There are various options for taxpayers to verify their Imu payment status, including online platforms, post office portals, contacting municipal offices, or checking dedicated sections on Italian municipalities’ websites.
Sanctions for incorrect Imu calculation usually amount to 30% of the omitted fee, with reduced percentages for prompt payments within specified timelines.