With less than two weeks to go until the deadline for conversion into law, the government takes action and presents a bill to the Senate amendment 30-page omnibus that modification la Maneuver approved by the Council of Ministers. The new measures add 3,5 billion euros, bringing the total resources to 22 billion, with interventions ranging from businesses to pensions, passing through the pension complementary, the Six, the Transition 4.0 and Bridge over the Strait of Messina. The changes, however, they lengthen the times for parliamentary approval: consideration in the Senate will begin on December 22nd and should conclude on the 23rd, before moving to the Chamber of Deputies, where the final green light is expected between Christmas and the end of the year.
Severance pay and supplementary pensions: how silent consent works
One of the most important innovations concerns the automatic TF transferr to the complementary pension for new hires in the private sector starting from 1 July 2026Workers will have sixty days from the date of their first hire to opt out and retain their severance pay (TFR) under the legal regime, a right that can be revoked at a later date. The measure excludes domestic workers, but expands the scope of companies required to pay severance pay to INPS, including employers who, in the years following the start of their business, reach the threshold of fifty employees, previously exempted from the obligation. This measure represents a silent revolution in payroll, with significant impacts on workers' future pension plans.
Early retirement: sliding window and undergraduate degree redemption
The package of amendments modifies the early retirement start date and the value of the redemption of the short degree. The sliding window, currently three months, will progressively increase: three months for those who meet the requirements by 2031, four months for 2032 and 2033, five months for 2034, and six months from 2035. These months are supplemented by increases related to life expectancy, with one additional month in 2027 and two months in 2028. Regarding the redemption of bachelor's degrees, starting in 2031, six months of redeemed contributions will not be counted toward the early retirement pension; the penalty will increase to 30 months for those who meet the requirements in 2035. This change applies exclusively to the redemption of bachelor's degrees and does not affect other forms of contribution redemption, representing a crucial detail for those who had planned to retire early thanks to their university studies.
Super-depreciation 2028: new rules for businesses and green investments
On the business front, the government has decided to extend the super-depreciation for the purchase of capital goods until September 30, 2028, accepting Confindustria's requests. The rules, however, are changing: the super tax rates of up to 220% for green investments are gone, and the maximum tax relief will be set at 180% for everyone, with no incentives for those investing outside Europe. The measure applies to any new capital asset, tangible or intangible, that contributes to technological and digital transformation according to the principles of Transition 4.0 and 5.0, supporting innovation without excessive bonuses.
Transition 4.0 and Zes: New Funds for Businesses
To support the tax credit Transition 4.0, whose funds had run out, the government allocates 1,3 billion euros for 2026. The resources may be used exclusively for offsetting purposes via the F24 form, limited to investments made by December 31, 2025, thus strengthening measures to support the digitalization and competitiveness of Italian companies.
Furthermore, the tax credit rates in the Zes The single tax rate for agriculture, fisheries, and aquaculture increases to 58,7839% and 58,6102%, respectively, benefiting micro, small, medium, and large enterprises in the primary sector. The financial cost of the measure is estimated at approximately €133,3 million.
Messina Strait Bridge and Insurance
Finally, the allocations for the Bridge over the Strait of Messina They are postponed to 2033, for a total of €780 million. The amendment refinances the planned amounts without altering the overall authorized value, in line with the delays in the administrative process and the failure to finalize the 2025 commitments.
To finance the innovations introduced by the amendment, the government is asking for a extraordinary contribution to insurance go betting to 1,3 billion euros. The advance payment, which must be made by November 16th, will correspond to 85% of the previous year's premium and will cover vehicle and boat insurance. This move will spark controversy, but it fits the bill to offset the costs of the measure without directly impacting citizens.
Other Measurements
In the package of micro-measures, amount to about 211 million of euros the resources allocated to various interventions, including 114 million for the strengthening of security services in view of the Olympics Milan-Cortina 2026. Furthermore, the government has introduced a national totalizer number game, “Win for Italia Team”, with a prize pool of 65% of the proceeds, intended to finance the National Olympic Committee. To celebrate the 250th anniversary of the La Scala Theater in Milan, 5 million euros are expected.
Budget: the knots still to be untied
On the tax front, the reformulation of the Bank of Italy's gold reserves confirms the ownership of the ingots by the Italian people, securing the current structure according to the EU treaties. set aside the hypothesis of the gold investment tax, while the doubling of the Tobin Tax. The dry coupon remains at 21% on the first two property short-term rentals, with the threshold for participation in corporate coupons reduced to 5%. The idea of raising the ceiling on the use of the cash at 10 thousand euros, the question remains open taxation of parcels under 150 euros coming from outside the EU, pending coordination with the European Commission.
