The Meloni government is aiming for various future objectives. But there’s more: it’s possible that we will soon say goodbye to the hated tax.
Tax not to be paid – Oipamagazine.it
By the end of the year, the aim is to get the most crucial sections of the tax reform approved, in order to be able to implement them by 2024.
The plan is outlined by the Deputy Minister of the Economy, Maurizio Leo, who affirms his intention to reduce the personal income tax rates from 5 to 3 and phase out la flat tax.
The enabling law is currently being examined by Parliament and, once approved, the government will have the power to issue implementing decrees.
It is possible that the former could be finalized before the summer break. However, what can taxpayers be expected to change? Here is a complete overview of the noteworthy updates.
The new personal income tax rates
There are two hypotheses under study regarding the tax brackets. In the first hypothesis, the minimum bracket, which includes income, would remain unchanged up to 15 thousand eurosand the maximum bracket, which includes income over 50 thousand euros.
However, the intermediate rates would be consolidated. This would mean that those earning between 15 and 28 thousand euros would pay 3% more in taxes, while those earning between 28 and 50 thousand euros would pay 28% (or 27%) instead of the current 35%.
Consequently, there would be an increase in taxes for incomes up to 34 thousand euros, while the greatest savings would be observed for incomes including between 35 and 50 thousand euros.
The Meloni-oipamagazine.it government
But what does this mean in practical terms? For example, those who earn 18,000 euros would pay about 90 euros more in taxes, while those who an income of 20,000 euros would see its taxes rise to 150 euros.
La flat tax
Support for the proposal to expand is growing the flat rate of 15% beyond the only subjects holding a VAT number, to include professional associations and companies composed of subjects of under the age of 35.
IRES and IRAP
The delegation granted to the government makes it possible to resolve the existing IRAP issue, which would then be shared among other taxes.
In addition, the introduction is proposed of the double IRESwhich would lead to a reduction in the tax rate for companies that allocate part of their profits to research and innovation.
New deadlines for F24 and taxes
In order to provide taxpayers with greater flexibility, it is proposed to allow for additional time for the payment of taxes.
In particular, the possibility of repaying the following year in November is being evaluated. Furthermore, the F24 model can be used to extinguish various tax obligations, fees or contributions due to public bodies.
Pension funds and thirteenth
At the moment, the proposal is being examined to lighten the tax burden on the thirteenth month, with the intention of guaranteeing Italians a greater availability of income.
Furthermore, the introduction of tax deductions for pension funds is envisaged, with the aim of raising the current deductibility threshold of 5,164 euros per year.
This adjustment would make the investment in supplementary pension schemes more economically advantageous.
Goodbye to the hated tax
Great news for people who own luxury vehicles. Many have long hoped that the government would eliminate the super stamp, a fee of 20 euros for every kilowatt it exceeds i 185.
Superbollo-oipamagazine.it
Furthermore, it is imperative that the taxation imposed on university students cease. Currently students are required to pay this fee, which amounts to just over one million euros per year, when enrolling in the years following the first year of enrolment.
2023-07-29 21:30:12
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