Income from employment and similar sources contributes to the calculation of IRPEF taxable income on a cash basis.
However, Article 51, paragraph 1, of the TUIR establishes that “sums and values in general paid by employers by January 12 of the following tax period are also considered to have been received during the tax period.” (even if the latter date falls on a non-working day, as it is not a limitation period, as clarified by the Italian Revenue Agency Circular No. 2 of January 15, 2003, paragraph 8).
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