Irpef cut, measures for the family and birth rate, interventions for growth and businesses, home bonuses and new scrapping. The first draft of the maneuver that the government is developing to send to Parliament confirms in broad terms what has been announced over the past few days.
Here are some of the main measures contained in the 137 articles.
WAGES AND IRPEF. The Irpef cut for incomes between 28 and 50 thousand euros from 35 to 33% has been confirmed. The maximum benefit of 440 euros is reached at 50 thousand euros and will also be spread, as a result of the tax application mechanisms, on subsequent incomes up to 200 thousand euros. For 2026, the tax exemption for overtime, holidays and night work arrives for employees with incomes up to 40 thousand euros. On these items (“increases and allowances” even if you work on weekly rest, or for “shift allowances”) a flat tax of 15% will be applied which replaces not only the Irpef tax but also “regional and municipal surcharges”. The measure also provides for a maximum ceiling of 1,500 euros for the tax discount that each worker will be able to enjoy. The tax-free threshold for meal vouchers also rises from 8 to 10 euros.
PENSIONS. From 2026, minimum pensions will increase by 20 euros per month, while the increase in the retirement age starts with an extra month in 2027, to which another two months are added in 2028.
SCRAPPING. The fifth tax amnesty is arriving and will have payment periods of up to 9 years with 54 bimonthly installments of the same amount (of a minimum of 100 euros at least in the first draft). It will allow the amnesty of charges entrusted to collection agents from 1 January 2020 to 31 December 2023 for non-payment of taxes or social security contributions, with the exclusion of tax bills issued following an assessment. In the case of payment in installments, interest of 4% per year is applied.
PETROL: The rebalancing of excise duties between Diesel and Petrol is being accelerated. The withdrawal rebalances, falling on petrol and rising on diesel.
HOME AND FAMILY. The threshold for excluding the first home from the ISEE for access to welfare benefits such as the inclusion allowance and support for training and work rises to 91,500 euros (from the current 52,500). The threshold is also “increased by 2,500 euros for each cohabiting child following the first”. Furthermore, the increases foreseen are redetermined based on the number of members of the family unit. All home renovation benefits are extended to 2026 exactly as they were in force in 2025, including the furniture and large appliance bonus. Parental leave changes and increases up to the age of 14 for children. The draft also provides for a fund of 20 million for the home of separated parents. The card Dedicated to you is increased by 500 million next year and the following. The Value Card for new graduates arrives in 2027. In terms of “assistance”, action is taken “for pupils and students with disabilities” and on university education, allocating “250 million” more per year “starting from 2026” for “the granting of scholarships”.
SHORT RENTALS. Taxation on short-term rentals rises to 26%, both for private individuals and for those who carry out real estate brokerage activities or manage online portals. The law eliminates the reduction – introduced last year – of the flat rate tax rate to 21% for one of the properties: the flat rate tax rate therefore remains at 26%. The rate also increases from 21% to 26% for those who carry out real estate brokerage activities, as well as those who manage online portals.
BUSINESSES. Companies will be able to amortise 180% of investments in innovation and 220% of expenses for the ecological transition which allow for the reduction of energy consumption. A tax credit is also provided for companies located in special economic zones (SEZs). Furthermore, the development contracts and the «Nuova Sabatini» were financed. Finally, yet another extension for the plastic and sugar tax: the new deadline is set for 31 December 2026.
BANKS AND INSURANCE. According to the draft which could still be subject to changes given that the comparison is underway, credit institutions will be able to release the reserves in 2026 with the 2023 law by paying a lowered tax from 40% to 27.5%; 33% the following year. IRAP should rise by 2 points from 4.65% to 6.65% until 2028. The text also includes the DTAs which are postponed for a further two years.
REDUCED TAXATION ON STABLECOIN. The rate of 26% will be applied to income and proceeds deriving from holding, transfer or use of euro-denominated electronic money tokens, i.e. stablecoins. The establishment of a «Permanent control and supervision table on crypto-assets and innovative finance» is also envisaged.
FUNDS ARE GOING UP FOR THE 5xTHOUSAND. From 2026 the ceiling currently at 525 million will rise to 610.