Cashback takes shape to get immediate reimbursement of medical expenses

Cashback takes shape to get immediate reimbursement of medical expenses

According to what can be read in the coordinated text of the fiscal delegation that was distributed to parliamentary groups, in view of the vote in the Finance Committee in the Chamber of Deputies which should restart from June 14, the fiscal cashback will be applied with priority to medical expenses. There are still several amendments to be discussed and reformulations to be approved, but if the substance of the text remained unchanged, it would change the process through which citizens have the opportunity to obtain reimbursement for health costs, namely those in medicines and medical visits.

There is a project to reimburse some tax deductions as cashback on the Io app It will be easier and more immediate to receive tax deductions on some expenses, without having to wait for the timing of the tax return. The Ministry of Finance at work The text provides in fact that it will no longer be necessary to wait for the moment of the tax return to discharge 19% of the expenditure in traceable purchases relating to medicines and medical examinations and then wait for the relative accreditation of the Revenue Agency. Instead, you will be able to obtain a more immediate refund on your current account via telematic platforms, if the expense is incurred with traceable payment instruments. It will then be the seller, whether it is the pharmacist or the doctor, who will indicate the customer's willingness to avail himself of the cashback of medical expenses when he communicates the expense incurred by the taxpayer to the tax registry.

There are still several obstacles to the approval of the fiscal delegation that includes this measure. The main one seems to be that the transition from the classic current deductions to the credit on the current account can only start following the reorganization of the tax expenditures, or the reductions of tax debts. This would involve the reduction or elimination of tax discounts to recover resources for generalized tax cuts.

The current version of the text is the result of a particularly intricate negotiation, with the 5 Star Movement having particularly pushed for cashback and seems to have been satisfied by the government. Already during the second government presided over by Giuseppe Conte and more precisely at the beginning of 2021, a cashback program that rewarded the use of electronic payments at the expense of cash had been supported by the 5 Star Movement, only to be eliminated by the government of Mario Draghi for his "regressive nature". In this new version, however, the mechanism applies to deductions already recognized by the tax authorities, and consequently does not involve any public expenditure.