New tax law approved: here's how taxes change

The drawing of law delegation for tax reform is law.

The final green light came from the Chamber of Deputies. There were 184 votes in favor, 85 against. The Third Pole deputies voted in favor, with those of the majority. The announcement of the result of the vote was underlined by a long applause from the Fdi deputies.

La tax delegation It is the last measure to be examined by the Montecitorio Assembly before the summer break. The Chamber will reopen on September 5th at 15:XNUMX p.m.

Irpef, shields and thirteenth salary: how they change cups
It is the framework with the principles and criteria for the revision of the tax system, which the government will now have to translate, within the next 24 months, into rules with specific legislative decrees. The bill consists of 23 articles, distributed in five titles.

Below are the main contents of the provision.

THE 4 IRPEF RATES ARE REDUCED. The revision and gradual reduction of the tax is foreseen: the first step is to move to three rates, the final goal is a single rate.

LESS TAXES ON THIRTEENTH PAYMENTS. For employees, the initial hypothesis of an incremental flat tax is dropped: in its place, a reduced taxation is introduced on overtime, the thirteenth month's salary and productivity bonuses.

BIENNUAL PREVENTIVE AGREEMENT: The two-year preventive agreement for VAT numbers and SMEs is coming. In practice, the tax authorities will calculate the amount due for income tax purposes for the following two years: those who accept will not have any disputes about Irpef and will have certainty about how much they have to pay. VAT must be paid instead

IRES, DOUBLE FACILITATIVE REGIME. In addition to the ordinary rate (24%), two complementary advantageous regimes are foreseen: the first reduces it for companies that use resources in investments, new hires or employee participation in profits; companies that do not benefit from the reduction can take advantage of possible tax incentives in the form of super-depreciation.

VAT REVIEW. The regulation is expected to be revised to make it more compliant with EU regulations. Among the possibilities is also zero VAT for some essential products.

OVERCOMING IRAP. The delegation indicates the gradual overcoming of the regional tax on productive activities.

CRIMINAL SHIELD FOR THOSE WHO COLLABORATE. Away with criminal tax sanctions, in particular those related to false declarations, for taxpayers adhering to collaborative compliance who have had “collaborative behavior and communicated in advance” the tax risks.

Still in the 'cooperative compliance' (on which the delegation aims to reduce the access thresholds, now at 1 billion euros), administrative sanctions are excluded and the deadlines for assessment are reduced for taxpayers whose risk management system is certified by qualified professionals. The collaborative compliance regime, with the related reward effects, is also extended to big shots who take residence in Italy.

REDUCED REIMBURSEMENT TIMES FOR VIRTUOSI. For taxpayers with high levels of fiscal reliability, the bonuses are strengthened, including the reduction of reimbursement times. In addition, tax return certification activities are encouraged; delegations can be assigned to qualified professionals, even exclusively; fiscal obligations can also be fulfilled directly electronically; the Synthetic Reliability Indexes (ISA) do not need to be exceeded.

TAXES PAID WITH RID. The forms of tax payment are expanding: also direct debit from the bank account or other electronic payment instrument.

DOWN PAYMENT IN INSTALLMENTS. The possibility of paying Irpef advances and balances in installments for self-employed workers and individual entrepreneurs is here.

FORCED WITHDRAWAL. Skip the “automation” from the process of foreclosing on current accounts.

FLAT TAX ON STORES. It is extended to properties used for purposes other than residential, provided that the tenant is a trader, a business, or an artist or professional.

TOWARDS THE FAREWELL TO THE SUPER TAX. As part of the rationalization of micro-taxes, the possible progressive overcoming of the additional tax on the car tax for cars with power exceeding 185 kilowatts will be evaluated

TIGHTENING DOWN ON E-CIGS. The distance selling of inhalation products containing nicotine or so-called nicotine puches is prohibited.

REGIONAL TAXES. A revision of the rules of regional fiscal federalism is foreseen, attributing to the regions the sums as regional co-participation in VAT, applying the principle also to the recovery of tax evasion.

UNDUE CREDITS. A more rigorous regulatory distinction is introduced, including sanctions, between the cases of undue compensation of non-due and non-existent tax credits. It will then be possible to evaluate the possibility of not applying sanctions and/or interests if there are credits with the Public Administration.