3 tariffs, up to 260 euros in savings

Continue the tax reform and the IRPEF cut with new measures for 4.3 billion. The Council of Ministers adopted four legislative decrees to implement it. The rules cover cooperative compliance, tax disputes, the statute of taxpayers' rights and, most importantly, income tax audit.

The first form of Irpef reform provides forMerging the first two income levels and moving from four to three rates: 23% up to 28,000 euros, 25% between 28,000 and 50,000 euros and 43% above this limit. The reduction in tariff levels is also accompanied by a reorganization of the rates of regional and municipal surcharges and is accompanied by redistribution of deductions. Deputy Minister of Economy Maurizio Leo described the four implementing regulations as “very important measures that will help simplify the tax system, make it fairer and more dynamic” and lead to “greater tax savings for middle- to low-income groups.” more exposed to the continuous changes in the international economic and financial framework.

All the objectives set for the implementation of the delegation have been met, sources from Palazzo Chigi said, announcing by 2024 the completion of the “fiscal revolution that Italy has been waiting for for more than 50 years, with important innovations for the benefit of citizens and Familys”. and companies”. The changes affect a total of 25 million taxpayers.

The Parliamentary Budget Office has estimated an average benefit of 190 euros per year for the tariff reduction. For taxable income of up to 15,000 euros, the saving is 75 euros; in the area immediately above this threshold it decreases and increases again up to a maximum of 260 euros for incomes of 28,000 euros and above. According to the PBO, more than half of the total Irpef benefits are intended for taxpayers with income over 28,000 euros, although this share is 25%.

In order to concentrate the Irpef benefit on middle to low incomes, the government has decided to “sterilize” it for higher incomes. For those who declare more than 50,000 euros, the following applies: For some non-health-related tax deductions, there is a linear reduction of 260 euros This may result in the benefit of merging tariffs being nullified. In addition, the legislative decree provides for an expansion of the tax-free area: the threshold for income from employed work will be raised to up to 8,500 euros, as it already applies to pensioners. AND The employee tax allowance increases from 1,880 to 1,955 euros for incomes up to 15,000 euros.

The intervention on Irpef is currently only financed by the Stability Act for the first year, in 2024, then new funding will have to be found. This is the first “module” of a reform that could, within the legislative period – if the new European Stability Pact allows it – lead to a two-tariff system, as proposed by Deputy Minister Leo in Atreyu, and then examine whether This can also be achieved with a flat rate tax for employees and pensioners.

The IRPEF reform decree also provides for an increase in the deduction for new recruitment for 2024, linked to the cancellation of ACE, the relief for capital increases of companies, ACE aid for economic growth. One of the main innovations of the other decrees is that the decree on the taxpayer's statute provides that, within the framework of the new preventive cross-examination, the Revenue Agency must justify any rejection of the taxpayer's opinion. Another change concerns the integration of labor consultants into Cooperative Compliance, the new Collaborative Compliance for companies.

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