Important new achievements remain regarding tax reform, many actions envisaged and when this will be done

What important new developments are still in the area of ​​tax reform, the many measures envisaged and when will they be implemented? Various measures that are preparing to be included in the new tax reform of 2023 and that should affect different chapters and elements are still under discussion. Let’s see what the latest news announced.

• Offers new tax reforms to revise personal income tax rates
• News of tax abolition in the next tax reform
• New deductions and deductions in the new tax reform 2023
• How tax controls will change with the next tax reform
• No tax area and flat tax have been extended in the new tax reform
• New amnesty folders
• When is the new tax reform official?

Offers new tax reforms to revise personal income tax rates

The main measure of the new tax reform is certainly Review personal income tax rates on income Which Meloni’s government wants to reduce, thus raising them from four to three. The four current personal income tax rates applicable based on income classes are as follows:

• 23% for an income of up to 15,000 euros;
• 25% for incomes between 15,000 and 28,000 euros;
• 35% for incomes between 28,000 and 50,000 euros;
• 43% for incomes over 50,000 euros.

The government had initially made a hypothesis Three Irpef review charts to choose from. to the primary three charts Another fourth hypothesis has been added to Irpef’s review.

The first premise of the personal income tax review envisions the following rates:

• rate of 23% for those with incomes up to 15 thousand euros;
• rate of 27% for those with incomes between 15,000 and 50,000 euros;
• At a rate of 43% for those whose income exceeds 50 thousand euros.

With these new Irpef rates, those with annual incomes between €28,000 and €50,000 per year will have increases, given that the Irpef rate will drop by up to 8 percentage points, from 35% to 27%, in While those who annually receive an income of about 25 thousand euros, there can be a tax increase of up to 300 euros.

However, there will be no news for the first tranche of income up to €15,000 and for the last tranche, income above €50,000, as the current personal income tax rates of 23% and 43% respectively remain certain.

According to the Irpef review plan, it can provide for the following rates:

• rate of 23% for income up to €28,000;
• 33% rate for income between 28,000 and 50,000 euros;
• An average of 43% for incomes over €50,000.

In this case, there would be increases for those with an income of €25,000 per year in exchange for a concurrent tax payment of about €200 which could amount to around €700-1000 for those with higher incomes.

The third Irpef revision scheme could provide for the following three new modifiers:

• rate of 23% for income less than €15,000;
• rate of 27% for income between 15,000 and 75,000 euros;
• An average of 43% for income above €75,000.

Also in this case, those with higher incomes between 50,000 and 75,000 euros will benefit, while those with incomes between 15,000 and 28,000 euros will suffer the cuts, so the tax rate will rise from the current 25% to 27%. On the other hand, nothing will change for the lowest income bracket, which amounts to 15 thousand euros, for which the tax burden must be reduced.

The new fourth Irpef revision hypothesis, which also appears to be the most likely, could provide the following modifiers:

• 23% rate of income from €8,500 up to €28,000;
• 35% rate of income from €28,001 to €50,000;
• An average of 43% for income above 50 thousand euros.

In this case, those with medium and low incomes between 15,000 and about 30,000 euros will receive a reduction in taxes for payment and a simultaneous increase in income.

News of tax abolition in the next tax reform

According to the latest news, The abolition of the so-called small taxes can also be included in the new tax reform.

Yes, small fees introduced by previous governments to recover money but which have proven ineffective and include, for example, a surcharge on large cars, a regional surcharge on public water fees, an entertainment tax, also known as foosball tables, graduation fees, and public education fees , regional taxes on noise emissions from civil aircraft, regional taxes for professional practice, increased municipal taxes on waste, taxes on air taxi flights and private aircraft, excise license fees, and a tax on sulfur dioxide and nitrogen oxide emissions.

Partial tax abolition would help simplify the lives of taxpayers from a bureaucratic point of view.

New deductions and deductions in the new tax reform 2023

Not only personal income tax review and small taxes: The new tax reform provides for innovations and also changes in deductions and deductions. After all, months ago, the Meloni government announced its intention to review and rearrange the bonuses and discounts currently in effect, related to the 19% bonuses.

At the moment there is no certainty as to how the deductions should actually change but it is assumed that there is a system of deductions of different percentages based on the income earned which could be as follows:

• deductions of 4% of income for the segment up to 15 thousand euros;
• deductions of 3% of income for the category between 15,000 and 50,000 euros;
• deductions of 2% of income for the segment between 50 thousand and 100 thousand euros;
• No deductions for income over 100,000 euros.

Just as deductions could be included in the new tax reform as well New cost deductions directly into payroll And according to some experts, even in annuitieswhich can relate, for example, to medical expenses, transportation, or the purchase of necessary aids, such as walkers to support walking, and so on.

How tax controls will change with the next tax reform

With the upcoming tax reform, they are also preparing to change the anti-avoidance controls. According to the latest news, in fact, with the new tax reform, the new controls by the Revenue Agency should start with the entry into force of the new algorithm which is based on crossing the data of different taxpayers.

In fact, the new anti-tax evasion algorithm is based on the interrelationship of tax registry databases to identify specific selective lists of taxpayers at greater risk of tax evasion to then be defined for the peripheral structures of the Revenue Agency to report any discrepancies as well as “reward” the most virtuous taxpayers.

With tax reform, new controls will focus on combating tax evasion Data digitizationincluding the use of points of sale for electronic payments using credit cards, ATMs, debit cards, electronic billing and electronic transfer of receipts in order to identify any subjects at risk of evasion.

For more detailed checks, the focus will also be on the full use of data, on strengthening risk analysis and on artificial intelligence solutions, always complying with the protection of personal data, in order to make available to the tax authorities any tax data relating to each taxpayer.

No tax area and flat tax have been extended in the new tax reform

The new tax reform should include a Tax-free zone extension, that is, the income limit below which no tax is paid. Today, in fact, the tax-free zone is different for pensioners and workers: for the former it is set at 8,500 euros, while for the latter it is set at 8,174 euros.

The goal of the Meloni government is to establish an income threshold under which equal taxes are not paid for both workers and pensioners and which, according to the latest news, could be for everyone, both employees and pensioners, around 8.500 euros per year.

Together with a single tax-free zone for employees and retirees, In the new tax reform, there should also be an extension of the flat tax on the self-employed and those in the professions The value added tax number.

After the increase in income for re-entry into the flat rate system, which has increased from 65 thousand to 85 thousand euros from this year 2023, the government’s intention is to increase the income threshold at which it is still possible to re-enter the fixed rate system, up to 100,000 euros, with A two-year transition before moving to the normal taxation system.

Professionals with a regular VAT number and whose annual income was above €65,000 until last year but within €85,000 can switch this year to a VAT number with a flat rate of 15%, provided they remain within the annual earnings limit of €85. one thousand.

New tax amnesty in tax reform

The new tax reform could provide for a new tax amnesty To allow, once again, taxpayers who are indebted to the tax authorities to settle their situation. Alongside the new tax breaks already in place and the new repeal for 2023, the government will work to issue new tax amnesties that must relate to acts challenging the penalties.

However, there is still little news leaked about what the new amnesty should provide in detail and how it might work, so we just have to wait for the official approval of the upcoming tax reform.

When is the new tax reform official?

According to what has been announced, after the initial approval, tax reform is possible with relevant changes Officially approved after the summerlikely in September, with some action that could start immediately, Or to be approved at the beginning of the new year 2024Immediately after the new budget law.