Sorry about reviving a very old thread, but I didn't see an answer to the following question.
An Italian tax return is due in September of the subsequent year. Payments are due in May and November. Presumably this is in the current tax year? Underpayments accrue confiscatory penalties.
Investment returns in the US are often distributed in December, which last I remember is after November. What is the strategy then for making Italian current-tax-year payments on these returns. Overpay and claim a refund?
Any advice would be greatly appreciated.
An Italian tax return is due in September of the subsequent year. Payments are due in May and November. Presumably this is in the current tax year? Underpayments accrue confiscatory penalties.
Investment returns in the US are often distributed in December, which last I remember is after November. What is the strategy then for making Italian current-tax-year payments on these returns. Overpay and claim a refund?
Any advice would be greatly appreciated.