Not all subjects can access the facilitated minimum regime. To do this, certain subjective requirements must be met. The scheme can be accessed by sole proprietors and professionals who:

• presume to have a volume of revenues within the limit of thirty thousand euros per year,
• have not made export sales,
• they have no employees or collaborators,
• have not provided profits to associates in participation with the contribution of only work,
• they did not purchase capital goods in the previous three years for an amount exceeding fifteen thousand euros.

Therefore the minimum regime can be requested by natural persons residing in Italy who do not exceed € 30,000 / year. They must not have employees or collaborators, nor expenses for structural goods (ie necessary for the profession, such as rents, computers, etc …) exceeding € 15,000. They also do not have to sell abroad and do not distribute shareholder profits.

The limit of € 30,000 refers to compensation, i.e. revenues, not income

The minimum regime provides for a whole precise series of concessions. First of all, the Irpef is flat at 20% , as a substitute tax for the normal taxation at progressive rates.

In addition to this, there is also an exemption from VAT, the value added tax, which must not be included in the electronic or normal invoice, nor paid to the tax authorities.

There are also other bureaucratic simplifications, such as the exemption from the obligation of accounting records and customer and supplier lists, as well as the annual VAT communication . For the tax authorities it is sufficient to number the invoices progressively and keep them. This also applies to purchase invoices for deductible expenses.

The following wording must appear on electronic and normal invoices:

“Transaction pursuant to art. 1, paragraph 100, of the 2008 Finance Law “