The enabling law for the tax reform, from the land registry to the IRPEF: here are the news

The draft law for the revision of the tax system was approved yesterday in the CDM - with the Lega ministers absent.

A ten-point “container” that outlines some guidelines for a future comprehensive revision of the tax system , on the basis of some principles - rather generic - established by the same norm, which will have to guide the action of the government in its delegated decrees.

There are four pillars on which the reform is based:

1) stimulating economic growth through greater efficiency of the tax structure and the reduction of the tax burden on production factors

2) the rationalization and simplification of the system also through the reduction of obligations and the elimination of micro-taxes

3) the progressiveness of the system , as reported by the Constitution

4) the fight against tax evasion and avoidance

The bill then establishes some priority areas of intervention , which concretely affect the interests - and the portfolios - of citizens. In any case, the projected times are quite long : the second phase will not begin before 2022 , the year during which the real reform will begin to take shape.

THE REFORM OF THE LAND REGISTRY - The so-called reform of the cadastre - at the center of article 7 of the text - is currently the most controversial issue on a political level, with the League declaring itself opposed to the measure, considering it a sort of patrimonial . Definition that Prime Minister Mario Draghi himself was quick to categorically deny.

In fact, the text provides for the introduction of regulatory and operational changes to favor the emergence of buildings and land not registered , but also the launch of a procedure to collect and integrate information on buildings already registered in the land registry (the latest updates of which result at the end of the 1980s ), measuring the asset value for each home based on current market values and introducing mechanisms for periodic adjustments .

"A mapping exercise", as the Economy Minister Daniele Franco defined it, which will not have any "immediate effect" in terms of taxes (Imu, registration taxes, inheritance or donation taxes) or calculation of the ISEE : new information will not be made available before January 1, 2026.

The cadastral estimates, the rents and the assets for the determination of taxes therefore remain the current ones.

"In 2026 it will be used by those who want to use it", clarified Franco again.

IRPEF - The bill provides for a revolution with regard to personal income taxes, in particular personal income tax and substitute taxes. The pillar on which the intervention of the legislator will base is the reduction of the effective rates that apply to income from work, among the highest among the countries of the European Union.

The measure should lighten the tax burden on low-medium income and encourage the supply of work , especially in the income classes where second income earners and young people are concentrated.

In practice, the reform would result in a reduction of at least one or two points in the current rate of 38% .

For capital income, taxation will be proportional , basically with an equal rate for all capital income, but gradually. The intervention must therefore go in the direction of a rationalization and efficiency of the current system.

VAT - As regards VAT, the objective of rationalizing the tax is established , also with regard to the levels of the rates and the distribution of the tax bases among the rates themselves. The aim is to simplify the management of the tax and to reduce the levels of tax evasion and erosion.

COLLECTION - The text intervenes to reform the collection system by overcoming the current structure which sees a separation between the holder of the collection function (Agenzia delle Entrate) and the person in charge of carrying out the activity (Agenzia delle Entrate-Collection).

The strengthening of the activity may derive from the adoption of new organizational models and forms of integration in the use of databases still to be defined.

IRES AND IRAP - In the draft of the tax delegation there is also the revision of the corporate income tax and the taxation of business income to reduce the administrative requirements for companies.

The IRES will see in perspective the abandonment of the double track between the statutory financial statements and tax returns. The ultimate goal is to move towards the application of a single proportional rate of taxation of income deriving from the conduct of business activities. The measure aims at simplifying the system also "by aligning the regulations with that in force in the main European countries".

Finally, according to what is reported in article 4, there will be a gradual overcoming of Irap , the Regional Tax on Production Activities.

(Unioneonline / F)