With a quick passage in the Chamber and the favorable vote, the reform of the Italian tax system kicks off. Satisfaction of the premier Giorgia Meloni"Lower taxes on households and businesses, a fairer and more equitable tax system, more money in payroll and lower taxes for those who hire and invest in Italy, simpler and faster procedures. These are some of the principles of a historic provision that will revolutionize the relationship between the tax authorities, citizens and businesses and that the Government will work to implement concretely with implementing decrees".
Among the various measures, it contains the tax relief for thirteenth month payments and overtime and production bonuses, the incremental Flat Tax for the self-employed and the gradual abolition of IRAP. Among the innovations voted for there is also a provision that loosens the restrictions envisaged in the first version of the text son the online sale of e-cigs. Now the ban will no longer relate to products from any foreign country, but only outside Europe, but those who order them will have to collect them from tobacconists or specialized shops.
In the two years envisaged for the implementation decrees, consideration is being given to the establishment of a Technical Committee for the formulation of proposals for the drafting of the delegated decrees.
The objective is to hinge the reform already at the beginning of September with the drafting of the consolidated texts and the general principles of the delegation.
Net of the timing, the government does not want to waste time on the minimum tax, which will have to enter into force starting from January 2024 and on the reduction of personal income tax according to the following scheme:
- 23% for income up to 28 thousand euros;
- 35% for incomes over 28 and up to 50 euros;
- 43% for income over 50 thousand euros.
However, the good intentions of the executive will have to deal with the next Nadef to assess whether there will be adequate financial coverage.
Another sore point for taxpayers on which the government wants to remedy is the fiscal calendatio which today has 1500 tax obligations. The idea is to channel these obligations into the context of the only dates foreseen for tax returns: September and November.
According to Il Sole24Ore, the scheme of work includes the intention to bring forward the deadlines to May and June, with a view to immediately concentrating the payment of taxes arising from tax returns right after this phase. In this way the annual "tradition" of the extension would be avoided and on which this year there has been a long wave of further requests for extension to 21 August.
The final intention, however, is to free from all the deadlines for the month of August which today amount to 192.
Criticize the oppositions that speak like the Schlein di amazing promises and privileges. The 5S, opposed to the reform, instead receive the approval of the agenda for the full taxation in Italy of the revenues of multinationals.
Subscribe to our newsletter!