Exceeding the turnover limit under the regime forfettario

If you are in the regime forfettario and exceed the turnover limit, depending on how much you have exceeded, the consequences may be different.

CASE 1 - turnover between €85,000 and €100,000

You lose the regime forfettario from the following year. The part exceeding €85,000 is also taxed according to the rules of the flat-rate scheme, i.e. with substitute tax.

CASE 2 - turnover greater than 100,000 €

You lose the regime forfettario already during the year and retroactively. All of your income generated during the year will in fact be taxed under the ordinary regime with the application of IRPEF from the first invoice.

In addition, from the invoice that will make you exceed 100,000 € you will have to apply VAT, so you will find yourself with a series of sales invoices without VAT exposed (those before the 100,000 threshold was exceeded) and the subsequent ones with debit VAT exposed on the invoice.

We expect that further information on how to deal with case two will be provided shortly.