The Senate approved the DL Irpef, launched by the CDM on 23 Aprildesigned to correct a coordination defect between the implementing decree of the tax delegation which provided for only 2024 the reduction of IRPEF rates from 4 to 3, a mechanism then made structural by the last the budget law. The decree, to be converted into law by June 22, now passes to the examination of the Chamber. The revision of the text had been solicited by the CAF and CGIL during the month of March, given that the estimates developed by the tax consultants for calculating the Acconti produced amounts still based on the old rates system.
The green light to the text comes a few hours after the resumption of the debate within the majority of government on the next steps on tax policies, the subject of a reform that has so far produced 16 delegated decrees and 4 unique texts. Premier Giorgia Meloni and Forza Italia push for the cutting of taxes also in favor of the average class – there is talk of a possible correction for income of up to 60 thousand euros – while the League supports the project of fiscal peace, with the scrapping of the folders in 120 installments all equal to be paid in 10 years.
The question will probably be the heart of the next maneuver in the autumn, when the resources found with the revision of the terms of the two -year composition with creditors, the new deadline was set on 30 September will be clear. To proceed with the cutting of the IRPEF for the middle class it is estimated between 2.5 and 4 billion euros. The Concordat had not provided the revenue designed by the government, with the collection that had stopped at 1.6 billion, given that 600 thousand taxpayers had joined 4.5 million potentially interested. The government had tried to reduce the tax burden on the middle class already with the latest budget law, but the necessary resources had been lacking.
Meanwhile, in recent weeks, taxpayers are struggling with the tax return, from 15 May to 30 September it is possible to send the pre -filled received from the revenue. From this year a new modulation of deductions for employees has taken place, in particular for income above 50 thousand euros, and for family concessions.
Here are the contents of the fiscal DL and the impact on income so far with the remodeling of the rates, initially designed by the government in the final perspective of reaching the flat tax.
The fiscal DL
To support the corrective on the Irpef deposit, which allows the modulated calculation on the three rates, the current part of the current part is increased by 245.5 million euros for the year 2026 In the illustrative report of the provision, what happened is explained: “Limited to the 2024 tax period, the IRPEF rates have been remodeled by reducing the income brackets to three and the income limit of the No Tax area provided for employees was raised by bringing it to the same level as the one in force for retirees”. The correction on the deposit is made by replacing the phrase “the tax periods 2024 and 2025” with “the tax period 2024”.
The reorganization of deductions
The new threshold for the deduction on employee work rises to 1,955 euros for those with income of up to 15 thousand euros. To avoid that the increase in the deduction excludes from the so -called ‘bonus 100 Euro, a corrective is foreseen: those who earn up to 20 thousand euros will receive an additional sum that does not contribute to the formation of income.
From 1 January 2025, for income more than 75,000 euros, some limits are set for the use of deductions, by means of a calculation mechanism based on two parameters: the total income; the number of fiscally dependent children. In essence, a progressive reduction is expected to increase income, the maximum amount of charges and deductible expenses, accompanied by greater protection for large families or with children with ascertained disabilities.
Fiscal Drag
In the transition from the tax regime of 2022 to the 2025 one, estimates the Parliamentary Budget Office, with the merger with three rates, the greater withdrawal associated with 2 percentage points of inflation was “higher than about 370 million (+13 percent)”. In a context in which the remuneration dynamic, notes the annual report on budgetary policy, “has already been insufficient to compensate for the inflation, the intensification of the tax levy deriving from the interaction between the latter and the progressiveness of the tax risks eroding considerably the nominal increases of the remuneration, with potential negative effects on consumption and internal demand”. In short, the merger of the IRPEF rates, for the UPB “if, on the one hand, from greater stability to the system”, on the other increases “the sensitivity of personal tax on income to inflation especially for employees”.