Factbox: Fiscal decree

(ANSA) - Rome, October 21 - The following is an outline of the main points in the government's fiscal decree, including measures for a 'fiscal peace' with people in disputes with tax authorities. DISCOUNTS FOR INDIVIDUALS, FIRMS IN DIFFICULTY. The decree gives big discounts on unpaid arrears for people and business in financial difficulty.
    The current proposal forwarded by Infrastructure Undersecretary Armando Siri is for the payment of three different rates - 6%, 10% and 25% - depending on the degree of hardship.
    For individuals the three bands would apply, respectively, to people whose earnings are under 15,000 euros a year, between 15,000 and 22,000 and between 22,000 and 30,000. For firms the discounts would apply to those that have debts of over 20% of the value of their production and liquidity indices of under 0.3%, 0.3-0.6% and 0.6-0.8%. CHANCE TO ALTER OLD TAX DECLARATIONS. The decree makes it possible for taxpayers to come clean on earnings that were not declared in statements over the last five years, up to a maximum of 100,000 euros a year. The individual would pay tax of 20% on these earnings. CANCELLATION OF SMALL ARREARS. Tax bills of under 1,000 euros issued between 2000 and 2010 are to be scrapped. The measure will benefit 53% of the taxpayers with unpaid arrears. 'LIGHTNING' RESOLUTIONS. People who have been notified of an alleged transgression by the authorities will be able to present their tax declarations again, revising the figures, without fines or interest payments. However, the request to benefit from this procedure will have to be presented within 30 days of the decree's publication in the Official Gazette.