Yesterday, while illustrating the Structural Budget Plan (PSB) before the Parliamentary Committees, the Minister of Economy Giancarlo Giorgetti admitted that, after the revision of the estimates by Istat, "it is more difficult" to achieve growth in 2024 GDP of 1%. We will be below.
But the juiciest part of Giorgetti's speech was the one concerning the Excise and cadastral income, where significant news has emerged. As regards the excise duties for petrol and diesel, the minister has practically acknowledged that there will be increases but "gradually, to avoid repercussions for the categories that use diesel for professional purposes". such as transporters and farmers. He also anticipated that the excise duties on petrol they might decrease, while those on the diesel they will go up, in an attempt to realign prices.
During his hearing, Giorgetti spoke of a maneuver that will make permanent wedge cutting fiscal , Irpef reform, and announced significant cuts in public spending rather than tax increases. Finally, he expressed the need for a lowering of rates by the ECB, stressing that lower rates could provide oxygen to families and businesses, helping to reduce interest expenditure, considered the “most hateful” of public expenses.
Land Registry Taxes on the Rise: What's New for Those Who Renovated with the Superbonus
The biggest news concerns the cadastral income. As part of a general reorganisation of the land registry, the minister declared that the cups increase for those who have benefited from the Super bonus. All hell breaks loose. This new development, which touches a raw nerve, will hit homes renovated thanks to public bonuses, now considered to be of greater value. The adjustment of the cadastral income - on which taxes such as IMU and sales taxes are based - was already foreseen by law, but now it seems destined to become a hot topic in the next budget.
The minister specified that this is not an update of the incomes to market values, as requested for years by the European Union, but a targeted check to verify whether the beneficiaries of the Superbonus have communicated the change of the income to the Revenue Agency, as they are obliged to do. Those who have not yet updated their land registry data will be forced to do so, with tax benefits for the Municipalities.
Furthermore, the PSB that will be presented in Europe in the next few days includes the revision of the land registry archives, with a focus on the so-called "ghost houses", i.e. unregistered properties. This update will be supported by the integration of cadastral data with the Energy Performance Certificates Information System (EPC), to identify and regularize any irregularities.
The opposition has raised concerns about the impact of these measures on citizens and the danger of an increase in tax pressure, all in a context of uncertain and shaky economic growth.
Updated at 14:06 PM on Wednesday, October 9, 2024