Tax reform: green light for the new Irpef
Ok to 4 legislative decrees, the taxpayer's statute changes
Green light for tax reform and IRPEF cuts with new measures for 4.3 billion.
Four implementing legislative decrees were approved by the Council of Ministers with rules regarding collaborative compliance, tax litigation, the statute of taxpayers' rights and, above all, the revision of income taxes.
The first form of Irpef reform provides for the merging of the first two income brackets and the transition from four to three rates : 23% up to 28 thousand euros, 25% between 28 and 50 thousand euros and 43% above this threshold. The reduction in the number of brackets also involves the reorganization of the rates of regional and municipal surtaxes and is accompanied by redistributive interventions on deductions.
All the objectives set for the implementation of the delegation have been respected, sources from Palazzo Chigi say, 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, families and businesses". Changes affecting a total of 25 million taxpayers . The Parliamentary Budget Office has estimated an average benefit of 190 euros per year for the reduction in rates. In detail: for taxable incomes of up to 15 thousand euros, the saving is equal to 75 euros, it decreases in the range immediately above this threshold and grows again up to a maximum of 260 euros for incomes of 28 thousand euros and above. Over half of the total Irpef benefits are intended for taxpayers with an income exceeding 28,000 euros, even if these are 25%.
To concentrate the Irpef benefit on medium-low incomes, the government has decided to "sterilize" it for higher incomes. Thus, for those who declare more than 50 thousand euros, there is a linear cut of 260 euros on some non-healthcare tax deductions which can even cancel out the advantage of merging the rates.
Furthermore, the legislative decree provides for the expansion of the no tax area : the threshold for income from employment is raised up to 8,500 euros, like the one already in force for pensioners. And the deduction for employee work for incomes up to 15,000 euros increases from 1,880 to 1,955 euros.
The intervention on Irpef is currently financed by the stability law only for the first year, in 2024, then new resources will have to be found.
Among the main innovations of the other decrees, the one on the taxpayer's statute provides that, in the new preventive cross-examination, the Revenue Agency must justify any refusal of the taxpayer's observations. Another change concerns the involvement of labor consultants in cooperative compliance, the new collaborative compliance for companies.
(Unioneonline/ss)
