in the eyes of the government four rates The situation on taxes – to use the words of Maurizio Leo, Deputy Minister of the Economy – “a really difficult and complicated life for taxpayers”. For this reason, the delegation bill was definitively approved in the chamber last August 4, aiming to “soften” the executive. rate curveStarting from three rates Then “gradually arrive at a flat tax”, without – Leo explained – “abandoning the argument for progressivism, which can also be achieved with a mechanism of cuts and deductions”.
aim of Georgia Meloni give fI see a less punishing face, More collaborative and that guarantees social upliftment without forgetting the employees. The groundwork was laid with the delegitimization bill being definitively approved in the Chamber but the road is still long. Within 24 months from the date of entry into force of the law, the government must adopt a legislative decree to amend the tax system.
Another step was taken with the establishment – through a decree of Mef, Signed by Leo of the Technical Committee for the Implementation of Tax Reform. The Technical Committee is composed of a General Coordination Committee (composed of Leo, General Director of Finance, Giovanni Spalletta, Director of Tax Justice, Fiorenzo Siriani, Directors of Tax Agencies, Ernesto Maria Ruffini and Roberto Alessi, and) Commander of the GDF Andrea De Gennaro ), by a technical secretariat and commission of experts. The commissions will have to send the draft implementation of mandates by September 20, which will be evaluated by the committee.
Reduction in personal income tax rates
way of even tax Starting with a reduction in personal income tax rates. In compliance with the principle of progressivism and with a view to transition the system towards a single tax rate, revision and gradual reduction in personal income tax is envisaged. The first step is to move from the existing 4 rates (23%, 25%, 35% and 43%) to three rates. After the changes, principles were introduced with the aim of supporting people with disabilities and young employed families, as well as on the topic of depopulation of the country’s peripheral regions.
pursuit of horizontal parity
Progressive application of the same area is envisaged tax exemption and the same IRP tax burden, regardless of the nature of the income produced, with priority to equality between employment income and pension income; the possibility of allowing deduction from the income from the employment and work absorbed, even on the same rate basis, of the expenses incurred for the production of the same; the possibility of deducting mandatory social security contributions for the taxpayer when determining category income and excess of total income; Application, instead of rates for income groups, of a substitute tax for the tax on personal income and related additional taxes, to a convenient extent on the taxable base equal to the difference between the income for the tax period and the income of the higher period. They relate to the last three tax periods, with the possibility of setting limits on eligible income and a special dispensation for holders of income from employment that facilitate an increase in income of a tax period compared to the previous tax period.
executive will have to consider With the resources available and in all likelihood the first measures to be implemented will be those that do not require coverage. The Bill outlines a tax reform framework that should not burden the state exchequer or increase the tax burden. A large part will be financed with a revision of more than 600 tax expenditures, costing 165 billion won, but a review of the revenue system over the next two years will require additional resources. Taking into account the MEF’s desire not to touch the deficit, as the measures require structural coverage and therefore equivalent savings, this promises to be a difficult task for the government, which, in addition to fiscal delegation, must mobilize resources Will also have to find the budget law. For the time being it can count on cuts at the expense of ministries, on the savings of “citizenship income, a collection of about 4 billion set aside this year, but – explains Adnkronos – it will also be necessary to intervene to find more resources. Jungle of deductions/deductions. Besides, we will have to wait for the results to have a clear picture of the fight against tax evasion.” In this scenario, the hypothesis of a “multi-stage reform”, which would start with zero-cost measures in January 2024 and then, through gradual steps, gradually arrive at a flat tax, is becoming more and more concrete. .