Not filing the 730 in Italy: fines, lost refunds and who is exempt
Failure to submit Form 730 can lead to different consequences depending on your tax situation. If submitted within 90 days of the deadline, the return is late and carries a reduced penalty; if submitted after this deadline, it is omitted, with higher fines. Those in debt risk penalties of up to 240% of the unpaid tax and, in the most serious cases, even criminal prosecution. Those in debt, however, lose their refund. This can be remedied by submitting a late return or, after 90 days, the Personal Income Tax Form.