Three personal income tax rates and fewer deductions: what changes with the tax reform
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The start by mid-March
The tax reform will kick off in mid-March. The Deputy Minister of the Economy, Maurizio Leo, confirmed the arrival in the Council of Ministers of the enabling law for next week: We are in the final stages to then start a structural reform, said the Deputy Minister, who considers the taxman a lever to speed up recovery. The government’s intention to reorder the entire tax systemstarting from making our system consistent with the rules of the European Union and international ones, explained Lego. The next step will be to intervene on individual taxes: Irpef rates will go from four to three, but adjustments are planned for Ires and VAT and on minor taxes, which in some cases can also be eliminated according to the minister. There is also talk of intervention on assessment procedures, on the need to change the relationship between the tax authorities and the tax payerand on simplifying and trying to reduce the tax gap that has existed since the 2000s and which stands at between 75 and 100 billion.
But, in a nutshell, what will be the first effects in the paycheck? Let’s try to figure it out.
07 Mar 2023
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