[ad_1]
Relief of the Irpef for incomes up to 50 thousand euros. This is the new challenge that the government intends to face in its next economic plan. However, an important question remains: where will the resources be found to carry out this operation. If it is finally implemented, this operation will be a new step forward compared to the last intervention, which reduced the rate from 4 to 3, but only for this year, and especially benefited low-income groups.
Roof Knot
All things considered, the resources used for the operation are probably not insignificant. However, everything depends on the success of the “Two-year Preventive Agreement” operation. The government has simplified and facilitated this tool designed for VAT numbers, but specifically, the deadline for the first payment by members is set at 31, and only after that the resources can be verified.
Find resources to identify working mothers and share their burdens
At the same time, we are already looking for resources to confirm what has been approved this year. Not only the cutting of the wedge and the first Irpef discount, but also the tax relief for working mothers. It is in this last chapter that the first certainties seem to emerge. Not only to confirm that the relief for working mothers with two children is currently limited to one year, but also to expand the relief from employees to professional workers and mothers with a VAT number.
New Challenges for Irpef
about New Irpef ChallengeSince the decision to reduce the tax rate from 4 to 3 levels was made in November last year, Maurizio Leo, the deputy minister of the economy, has made no secret of the goal of further increasing incomes to 50,000 euros. Even in a recent interview, he repeated this several times. He said that “the new reliefs concern incomes ranging from 35,000 euros (when the benefits of the tax wedge reduction end) to 50,000 euros and even a little more”. Basically the middle class.
Current status and goals
Currently, there are three Irpef rates: the first at 23%, which stops at 28,000 euros; the second at 35%, which applies to 28,000 to 50,000 euros; and the third at 43% above this threshold. Once fully operational, the goal is to drop to only two rates, rebalancing deductions to avoid penalties. However, this currently seems difficult to achieve. It is likely that the intermediate rate of 35% will be reduced by one or two percentage points. However, the project is closely linked to the biennial precautionary agreement, i.e. the mechanism by which VAT numbers can agree to pay within two years, based on specific category parameters. It is necessary to understand how much revenue this tool will provide this year and how much it will be able to guarantee next year in an almost automatic way. This, coupled with the fact that tax revenues currently seem to be developing at a good pace, with revenues in the first six months being 13 billion higher than in the first half of 2023, could reduce the Irpef.
[ad_2]
Source link
