State Cashback 2021: rules, how it works and what changes

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02 January 2021 As of yesterday, January 1, 2021 state cashback at full capacity, with some new rules, writes AdnKronos.com in an information sheet. The program is now in full swing and will run until 30 June 2022, after the first phase of the Christmas Super Cashback, which began on an experimental basis on 8 December, has been archived. The first phase closed on 31 December, the other three lasting six months each are: 1 January 2021 - 30 June 2021, 1 July 2021 - 31 December 2021, 1 January 2022 - 30 June 2022. Let's see, in detail , what changes and how it works.

- If you have already registered since December, the registration will be automatic also in the following phases without having to repeat the procedure. The passage from one phase to another - always remember AdnKronos.com - will therefore be visible in the 'Portfolio' section of the Io App, which will open a tab at each new semester. On the other hand, the difference in minimum transactions to obtain the 10% refund provided by the program is substantial: in fact, from 10 of the Christmas Super Cashback, the necessary 50 transactions are passed.

- Through the program, valid from 1 January 2021 to 30 June 2022, and upon registration, it is therefore possible to obtain a cash refund for purchases made privately (i.e. not for professional use), on the national territory, with electronic payments, for a minimum number of 50 valid transactions in a semester. They are counted - adds AdnKronos.com. payments made at physical points of sale or to artisans and professionals (plumbers, electricians, doctors, lawyers, etc.) who are equipped with an electronic payment acceptance device such as the Pos that allows participation in the program. Online purchases are excluded.

The expected reimbursement is equal to 10% of the amount of each transaction, calculated on the basis of the total value of the payments made during the semester. There is no minimum amount of expenditure: payments of any amount contribute to reaching the minimum amount. Transactions exceeding € 150 contribute up to a maximum total amount of € 150 for participation in the program. For each single transaction, therefore, the obtainable redemption limit is equal to 15 euros. In any case, the quantification of the reimbursement is determined on an overall value of the transactions never exceeding 1,500 euros in the single semester.

- In case the registration has not already occurred in December 2020, here's how - according to AdnKronos.com - to participate in the program if you are 18 years old and reside in Italy: - Access the service through the IO app, after downloading and installing the application on your compatible smartphone or tablet. - Go to the IO website for more information or register on the other systems made available by the 'Affiliated Issuers'', that is, by the subjects that issue the electronic Payment Instruments that you have chosen to participate in the initiative and who have signed an agreement with PagoPa SpA - At the time of joining, you need to provide: your Tax Code, the identification details of one or more electronic Payment Instruments that you will use for the purposes of the Program, the IBAN in your name for the payment of refunds by bank transfer.

- Experimental Christmas Extra Cashback period (08-31 December 2020): February 2021. 1st Semester (1 January 2021 - 30 June 2021): within 60 days from the end of the period. 2nd Semester (1st July 2021 - 31st December 2021): within 60 days from the end of the period. 3rd Semester (1st January 2022 - 30th June 2022): within 60 days from the end of the period.