Il cabinet decided to postpone the approval to the next meeting reduction of Irpef rates from four to three for 2024, but approved two delegation decrees and text about games. This decision was taken in order to allow a technical analysis in line with the Budget law currently being approved. Although the final green light has been postponed, the rate reduction for 2024 is already confirmed, with the first bracket featuring a 23% withdrawal, extended up to an income of 28 thousand euros.
The reduction of Irpef rates
The next Council of Ministers, scheduled for December 28, will address crucial technical details, maintaining the aim of implementing important changes to the fiscal landscape over the next year. In particular, an increase in the deduction for employed work from 1.880 to 1.955 euros, thus aligning the no tax area to 8.500 euros, in harmony with those with pension income. This adjustment is accompanied by a reconfiguration of the calculation of the supplementary treatment for incomes up to 28 thousand euros, thus avoiding that the increase in the no tax area leads to the loss of benefits, such as the former Renzi bonus.
The adaptation of local surcharges
Another crucial aspect of the decree concerns the adaptation of local additional charges. To ensure a smooth transition towards the new Irpef rates, the decree establishes that local authorities will have until 15 April 2024 to align the surcharges with the new brackets. If this does not happen, institutions will only be able to use the old rates for 2024. This flexibility is aimed at ensuring a smooth transition and avoiding possible administrative complications.
Cutting deductions on donations to non-profit organizations and parties
The final version of the legislative decree on the three Irpef brackets which was about to be approved, was also supposed to cancel the deductions for donations to non-profit organisations, humanitarian, religious or secular initiatives, political parties and third sector organisations. This change would have been part of the linear cut of 260 euros for incomes above 50 thousand euros.
Stop extending online games
Furthermore, during the same meeting of the Council of Ministers, new legislation for remote gaming competitions was approved at first reading. This decision marks the end of the extensions for the online games and establishes a general framework for the management of the sector (to announce new tenders), with particular attention to the prevention of illegality and the protection of the most vulnerable players, they explain from Palazzo Chigi.
At the next council of ministers, the last meeting of 2023, the approval of further delegated decrees is expected to implement the reform of the tax system, thus marking the beginning of the fiscal revolution of the Meloni government, as underlined by Palazzo Chigi.
