Flat tax for everyone within 5 years, VAT numbers and employees: all the news of the tax reform, the draft
[ad_1]
The draft of the tax reform
An ambitious reform is defined by the Deputy Minister of Economy, Maurizio Leo, who developed it, referring to the reform of the seventies that had among its fathers Cesare Cosciani and Bruno Visentini. And he’s not wrong. The enabling bill that the Council of Ministers should approve next week represents a revolution in the tax system. If the government lasts until the end of the legislature (2027) Italy will be one of the few countries to adopt the flat tax, i.e. a single tax rate on the taxable income of natural persons. Currently there are 4 personal income tax rates (before the Draghi government there were 5). They will drop to 3, according to the government’s intentions, as early as next year, when what is defined as the transitional phase in the 34 slides with which the reform was illustrated by Leo himself to the tax managers of the majority parties. This phase is governed by Article 5 of the draft delegation. Which provides, the slides say, alongside the three lowest rates, the extension of the incremental flat tax to employees as well. The single incremental rate was introduced, to the extent of 15%, by the latest Budget law, and concerns the extra income declared by self-employed workers (up to a maximum of 40 thousand euros) in 2023 compared to the previous three-year period. With the reform, it will be extended to everyone, even if the bill does not specify the amount of the rate, which will instead be defined, like many other details, by the implementing decrees that the government will have to issue (within 24 months), once that the delegation will have been approved by Parliament. Finally, as early as 2024, together with the three personal income tax rates and the incremental flat tax, the dry coupon, so far applied to agreed rents, could be extended to commercial properties.
Read also:
– Fiscal reform, from the three-rate Irpef to the flat tax for everyone: here is the draft
– Who benefits from the three-rate Irpef? Up to €1,500 in savings above €50,000 in income
Mar 11, 2023
© Reproduction reserved
[ad_2]
Source link
