Tax reform first vote. Less taxes on thirteenth month payments and overtime: all the news

Tax reform first vote.  Less taxes on thirteenth month payments and overtime: all the news

The Finance Committee in the Chamber closes work on the text, expected for 10 July in the Chamber. It will then have to go to the Senate and be approved by 28 July. Once the idea of ​​an incremental flat tax has been archived, the super stamp remains: 130 million were needed to abolish the tax

There tax reform will aim to detax the extraordinary components of employee income (to be clear: thirteenth, overtime and bonuses of production) which should converge under a rate of 15 per cent but only for the lowest incomes, due to obvious coverage problems. Instead, the idea of ​​an incremental flat tax seems to have been shelved for employees, which would have risked causing excessive costs and difficulties in application. The reform will then push for install the November advances of VAT numbers and to insure concessions for those who hire. He will ask the government to "evaluate the possible and progressive overcoming" of the super bubble on large-engined diesel cars, provided, however, that replacement revenues are found to avoid "new or greater burdens on public finances".

The Finance Committee of the House yesterday closed its work on the amendments to the text approved in mid-March by the government, stopping at article 13 to leave the second part to the Senate before returning to Deputies for the final go-ahead, before the summer break, in the intentions of the executive - as explained today by the front page article of the Sole24Ore. Next week the mandate for the rapporteur to pass to the Chamber will be voted, where the text is expected for 10 July for the exam. Then he will have to go to the Senate and be approved by July 28. The government will then 24 months to pass the implementing decree laws.

As the Corriere recalls, the "hated and anachronistic" tax (Riccardo Marchetti, Lega) of super bubble intended for large-engined cars above 185 kw it had to be cancelled, but for now it will remain. Even if two reformulated amendments by the League and the Brothers of Italy approved in the Finance Committee empower the government to "reorder vehicle taxes, also with a view to rationalizing and simplifying the levy, evaluating the possible progressive abolition of the tax surcharge on the car tax". However, all of this must take place "without new and greater burdens for public finance on the vehicle tax sector". In short, the superboll is confirmed: 130 million were needed to abolish the tax, writes the Press. "A watered-down formula - says the Turin daily - compared to the requests of the majority, but taken for granted: a draft law such as the one on taxation sets out the principles of a general nature, without going into the specifics of rules that are not mentioned in the original text passed by the Council of Ministers. Not to mention the risk of a hole in the state coffers. Federcarrozzieri estimates that in 12 years the revenue from the super stamp has exceeded one billion (about 130 million a year), therefore fixing its cancellation immediately would have committed the Accounting Department to submit alternative coverage".

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