Cashback is back with a new formula

Lidea of get an economic return on any purchase made with a credit or debit card, the so-called Cashback, had been much appreciated by the Italians. In fact, they reacted with some bitterness when the Draghi government stopped the initiative. But here it is that a similar measure could rise from its ashes.

New State Cashback, what changes from January 2021

Cashback, who sees himself

The government is developing the system that will bring Cashback back, albeit with a new repayment formula. Moreover, probably better. In practice, it will no longer be necessary to keep receipts and receipts, because with the new method citizens will be able get a 19% refund immediately of the amount spent.

Indeed, immediately after paying for a medical examination, the purchase of downloadable medicines or other expenses that can be discharged for purposes in the tax return, the sum will be credited to the current account.

A benefit also for the incompetent

As explained by the Deputy Minister of Economy, Laura Castelli, in this way taxpayers will indeed have the right to get their due in a simple way. It will start with a trial on healthcare costs, then the Cashback will be extended to all the others.

In doing so, moreover, even the incompetent could benefit from the deductionswho, due to the failure to reach a minimum income threshold, do not submit any tax return.

The entire population would be involvedwithout excluding any person on the basis of criteria linked exclusively to economic income.

stop cashback

Cashback, from the controversy to great return

When it was launched by the Conte government, the Cashback was at the center of controversy for monthsbeing considered by many politicians useless with respect to the set goal, which is to increase the use of credit cards and debit cards and decrease tax evasion.

After the test done, however, the executive is now sure that the system it will also encourage you to have the Spid, i.e. the public digital identity system that allows online access to many public administration services, as it will be necessary to obtain the refund.

And that would help speed up the process of digitization of relations with the Public Administration already in place, but which would certainly benefit from a further boost. The times will not be very short, but the government intends to move forward.

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