Maneuver off to a flying start. In the draft, it goes up to 26 % the rate on short rentals and the definition of appears Lep. Flat tax 15% up to 1.500 euros in 2026 on overtime, holidays and night work for employees with an income of up to 40 euros. Scrap in 54 bimonthly installments, the last in May 2035. The ceiling of the 5 × 1000 and the threshold to exclude the 91.500 euro first home from the ISEE. Push to part time schedule for the working mothers, Value Card to 18 year olds as long as they graduate within 19 years. Cut of 190 million to Film Fund. Petrol e Diesel will be subject to the same excise duty (they go down for the first and go up for the second) starting from January 1st: 672,90 euros per thousand litres.
Budget: all the details of the draft
And so, going into more detail about the individual measures: from the measures on banks and insurance companies, to the IRPEF cuts, to the measures for families and births and for businesses, to the home bonuses and the new scrapping of car loans, the first draft of the Budget arrived today, which the government is still finalizing for submission to Parliament. This is a bill of 137 articles, which contains everything. In support of purchasing power, confirmed the Irpef cut For incomes between 28 and 50 euros, the rate is 35% to 33%. The maximum benefit of 440 euros is reached at 50 euros and will be spread across incomes up to 200 euros. Banks and insuranceAccording to the draft, they will be able to release their reserves in 2026 by paying a reduced tax rate from 40% to 27,5%; 33% the following year; IRAP expected to increase from 4,65% to 6,65% until 2028; That postponed for two years. Taxation reduced to 26% on stablecoin; control and supervision table on crypto-assets and innovative finance.
The draft text of the bill, approved by the Council of Ministers, also provides for a Increase in the exemption threshold for meal vouchers from 8 to 10 eurosThe chapter pensions Confirms a €20 monthly increase for minimum wage workers; retirement age increases by one month in 2027, and by another two months in 2028. Yet another scrapping of tax billsAs mentioned above, the taxpayer can pay up to 9 years in 54 equal bimonthly installments (a minimum of €100). Taxes assigned to collection agents between January 1, 2020, and December 31, 2023, for unpaid taxes or social security contributions are eligible, excluding notices issued following an audit. Interest at 4% per annum applies to installment payments.
The threshold for excluding the first home from the tax credit increases to 91.500 euros (from the current 52.500).Isee For access to welfare benefits such as the Inclusion Allowance and the Training and Work Support; the threshold is increased by €2.500 for each child living with the family after the first. The increases are recalculated based on the number of family members. All benefits for house renovation are extended to 2026 under the current conditions, including the furniture and large household appliances bonus. Parental leave extends until children reach 14 years of age. card dedicated to you has been increased by 500 million in 2026 and 2027; starting in 2027, the Value Card will be introduced for new graduates. students with disabilities and university education An additional €250 million per year has been allocated for scholarships. The flat-rate tax on short-term rentals has risen to 26%; the same rate will apply to those engaged in real estate brokerage and online portals. companies will be able to amortize investments in innovation by 180% and expenses for ecological transition by 220%. The tax credit for companies located in the SixDevelopment contracts and the New Sabatini have been refinanced. Yet another extension for plastic and sugar tax as at 31 December 2026.
Budget: Forza Italia's ire over short-term rentals
But within the government majority, controversies explode, with theForza Italia's anger who points the finger at the center-right allies, FdI and Lega: "Increasing taxes on short-term rentals is a profoundly flawed choice."This is what FI spokesperson Raffaele Nevi said when asked about one of the measures included in the draft budget, which increases the flat-rate tax to 26% even for those who use just one home for tourism. However, "we weren't informed about the provision; we read it in the drafts," Nevi added, emphasizing the party's total opposition to a measure that comes as the tax on so-called stablecoins is being lowered from 33% to 26%. "It doesn't seem fair to us to equate housing with cryptocurrency trading."
Budget: what Confindustria says
“The government confirms a deficit to fall to 2,8% in 2026 and 2,6% in 2027, meaning Italy will exit the excessive deficit procedure as early as next year. The budget for 2026 of approximately €18 billion will be almost at zero balance and, according to the government, will not have an impact on GDPThe interventions will focus on cuts in personal income tax rates, healthcare, investments, and family policies." This is underlined by the "Flash Economic Outlook" of Confindustria.
Confindustria on tariffs: They could destroy $16,5 billion in U.S. sales.
In the medium term the new duties they might reduce Italian sales in the US by approximately 16,5 billion (compared to a no-tariff scenario), equal to 2,7% of total exports. This is further stated in Confindustria's "Flash Economic Outlook." The impact is greater for key manufacturing sectors: motor vehicles (the most affected), food e beverages, machinery, skins e footwear, other manufacturing activities. The losses are amplified if we consider the indirect effects, along European production chains, of the decline in exports to the US from other EU countries on demand for Italian inputs. The overall impact reaches -3,8% for manufacturing exports and -1,8% for production. In the long term, there is a strong incentive to relocate some production to the US market: the risk for European industry is to lose vital parts of the productive fabric”.
