The 120 budget bill that arrives in the Senate for the start of the parliamentary examination is 2018 articles. The text of the manoeuvre, stamped by the State Accounting Office, presents some novelties: in particular, it postpones the VAT increase to 2019 and extends the eco-bonus by one year – but reduces it – but among other provisions there are also the introduction of relief for the hiring of young people, deductions for means of transport, the extension of the 80 euro bonus and the investment fund.
STOP VAT INCREASE IN 2018 – The VAT increase in 2018 is neutralised, but the burden is postponed and remodulated starting from 2019. In fact, the famous "safeguard clauses" remain for the years 2019 and following. The 10% VAT rate will rise by 1,5 points from January 2019 and then by a further 1,5 points from 2020. The 22% VAT rate will rise by 2,2 points from 2019 and then by another 0,7 points . from 2020 and by a further 0,1 points from 2021. Excise duties also start again from 2019.
ECOBONUS AND GREEN BONUS – A one-year extension arrives for the energy bonus and for those relating to energy renovations and the purchase of furniture. However, the energy bonus for fixtures, sun screens and the replacement of air conditioning systems drops from 65% to 50%.. But the plate of concessions is enriched with an ad hoc discount, of 36% for a weighing up to 5.000 euros, for the greening of uncovered areas of existing buildings and properties. The discount is also available for irrigation systems and the construction of wells, green roofs and hanging gardens.
MEANS OF TRANSPORT – The deductions for transport passes are back. The final text of the Budget Law provides for deductions of up to 250 euros for subscription fees of local, regional and interregional public transport. Among the novelties also the facilitation for the reimbursement agreements of these season tickets by employers for their employees and their families - a sort of "bus-train bonus" - who do not become part of the income from taxed work.
INVESTMENTS – Almost 38 billion more (37,88) arrive for the investment fund created last year e already financed for 47 billion until 2032 (this first tranche of resources was assigned via dpcm at the end of May).
PERMANENT RELIEF FOR UNDER 30 HIRINGS – Here comes the permanent bonus for the hiring of young people under 30 which, for 2018 only, also applies to stable contracts for those who have not yet turned 35. In the final text of the Maneuver the reduction of 50% of contributions with a ceiling of 3 thousand euros for 3 years is also confirmed, which decrease to 1 year only in the event of an open-ended transformation of an apprenticeship contract. The bonus is "portable" with no age limit and rises to 100% for recruitment from school-to-work alternation.
BONUS 80 EUROS – The income thresholds are raised to obtain the 80 euro Irpef bonus. According to what can be read in the final text of the budget law approved in the Senate, the ceiling of 24 thousand euros rises to 24.600 and that of 26 thousand rises to 26.600. In this way, the 80 euros of civil servants would be saved, who with the renewal of the contract would exceed the threshold currently in force to receive the bonus.
DRY COUPON FOR RENTALS - There is a two-year extension for the 10% dry coupon that applies to agreed contracts. The final text of the Budget Law "corrects" on this point the drafts circulated in recent days which instead envisaged a full stabilization of this mechanism. Now, however, the law provides that can be applied "from 2014 to 2019", with an extension therefore also to the next two years. As already envisaged in the drafts, the final text does not include an extension of the regime to include "non-residential" properties: offices and shops are therefore excluded.
