Guide to tax deadlines
The year's calendar by profile, with the rules on when deadlines shift.
Open30 September 2026 · Deadlines
June tax deadlines for VAT number holders
If you hold a partita IVA (Italian VAT number), June is the month in which almost all of the year's payments meet: the recurring mid-month ones and the ones that come from the income tax return. We are writing about June in September for a practical reason: the way to get there calmly is prepared in the months before.
01 · The picture
Why June weighs more than the other months
In most months a VAT number holder pays recurring amounts: periodic VAT, withholding tax on fees paid out, sometimes fixed social security contributions. In June the payments that come from the income tax return are added to these: the balance for the previous year and the first advance payment for the current year, for taxes and for part of the contributions.
The result is that a substantial share of what is due for the whole year goes out within a few weeks. If you have not set money aside over the winter, you find yourself choosing between paying in instalments, taking out a loan or paying late, and each of these routes has a cost.
The full calendar, organised by profile, is in the guide to tax deadlines. Here we focus on June and on the items that concern VAT number holders.
02 · Around the 16th
Mid-month: VAT, withholding tax and IMU
Around the middle of the month, normally on the 16th or the first working day after it, the recurring payments fall due together. Which ones apply to you depends on your tax regime and your activity.
- VAT for the previous month, if you settle VAT on a monthly basis
- Withholding tax deducted from fees paid in the previous month to freelance professionals or collaborators
- Instalment of the annual VAT balance, if you chose to pay it in instalments
- IMU advance payment (IMU is the Italian municipal property tax) on the properties you own, including the business's shops, workshops and warehouses
If you are under the flat-rate scheme (regime forfettario), you do not pay periodic VAT and as a rule you do not withhold tax, but IMU still applies to you if you own property. For the IMU advance payment in Turin, the rates set by the City Council for the current year apply.
03 · Balance and advance
End of June: balance and first advance payment
The ordinary deadline for payments arising from the income tax return is 30 June. In recent years, however, for many VAT number holders, in particular those subject to the ISA (the synthetic reliability indices used to rate businesses) and those under the flat-rate scheme, the deadline has been pushed back several times. The exact date must be checked every year against the calendar in force.
As a general rule, payments may also be made within the thirty days following the deadline with a surcharge of 0.40%. It is a useful option when your cash comes in during July, not a way to postpone at no cost.
| Item | Who pays it | Note |
|---|---|---|
| IRPEF (personal income tax) balance and first advance | Sole proprietors and professionals under the ordinary or simplified regime | Together with the regional and municipal surtaxes |
| Substitute tax | Those under the flat-rate scheme | Balance for the previous year and first advance |
| IRES and IRAP (corporate income tax and regional business tax) | Limited companies | With deadlines linked to the date the financial statements are approved |
| Contributions above the minimum threshold | Craft workers and traders | Fixed contributions have their own quarterly deadlines instead |
| Gestione Separata contributions (the INPS separate fund) | Professionals without their own professional pension fund | Balance and first advance, with the same deadlines as taxes |
| Annual Chamber of Commerce fee | Those registered in the Companies Register | Usually due with the first advance payment |
04 · The second year
Why the figure is a surprise, especially in the second year
In your first year of activity you generally do not pay advances, because they are calculated on the previous year's tax, which did not exist. The bill arrives the following year, when the balance and the first advance add up.
An example with round figures, purely for illustration. You opened your VAT number and in the first year you end up with €3,000 of tax. Let us assume that the first advance equals half of the previous year's tax. In June of the second year you pay €3,000 of balance plus €1,500 of first advance: €4,500, plus the contributions calculated on the same logic. In November the second advance arrives.
If you were ready to pay €3,000, you are faced with a figure about half as large again, without having earned a single euro more. It is not a calculation error: it is how advance payments work, and it evens out from the third year onwards.
05 · The options
Paying in instalments and reducing advances: the two levers
The balance and the first advance can be paid in instalments, monthly, with the prescribed interest, by the deadline set for the year. It is a choice you make at the time of the first payment and must then stick to: missing an instalment brings penalties and interest on the amounts not paid.
Advances can also be reduced using the forecast method, if you expect a noticeably lower income for the current year. It is a lever to use with care: if the forecast turns out to be wrong, penalties apply to the difference not paid, which can be corrected through the voluntary correction procedure.
The second advance, due in November, follows its own rules and, for most taxpayers, cannot be paid in instalments together with the balance. It needs to be taken into account when planning the second half of the year.
06 · From September
How to reach your June tax deadlines with the cash ready
Year-end estimate
In December you estimate the year's income: that gives you the June balance and first advance.
Monthly set-aside
A fixed share of every payment you receive goes into a separate account. Illustrative example: €25 for every €100 collected.
Early tax return
Preparing the tax return in May lets you know the amounts with weeks to spare.
Decision on instalments
With the amounts in front of you, you decide whether to pay in a single sum or in instalments, without improvising.
If you have never filled in a payment form, the page on the F24 form (the Italian tax payment form) explains how to read it and how to pay it. The calendar for the whole year, with all the other deadlines, is in the guide to tax deadlines. Dates and percentages should always be checked against the rules for the current year.
Frequently asked
The questions that keep coming up
What happens if I pay the June balance late?
Within the following thirty days you can pay with the prescribed surcharge. After that, penalties and interest apply, which can be reduced through ravvedimento operoso (voluntary correction): the sooner you act, the lower the penalty.
Do flat-rate taxpayers pay advances?
Yes: the substitute tax follows the same balance-and-advance mechanism as the other income taxes, and the same applies to contributions calculated on income. In the first year of activity, advances are generally not due.
Can I offset a tax credit against what I owe in June?
Often you can, through the F24 form, within the limits and under the rules set for each type of credit. For some credits of significant amount you need the visto di conformità (a compliance certificate issued by an authorised professional) or the tax return must be filed beforehand.
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