With just twenty days left until the deadline for approval, the government he puts his hand to the maneuver 2026, passed three months ago, with a maxi-amendment that updates a large part of the text, introducing changes key on dividends, rents brevi, banks, Rc car, Tobin Tax, extra-EU parcels, movies e book bonusThe amendments have arrived in the Senate Budget Committee and incorporate the majority agreements, with an overall estimated impact of about one billion eurosThe rapporteurs will have to communicate whether they accept the amendments, and the Commission will meet again tomorrow to examine them, while the vote is unlikely to begin before Monday.
Dividends: Limited tightening for small holdings
The reformulation of Article 18 reduces the impact of tightening on dividends Previously introduced. The tax exemption, designed to avoid double taxation, applies only to dividends from shareholdings held directly or indirectly through subsidiaries that exceed 5% or have a value exceeding €500.
The estimated revenue starts at 22,7 million euros in 2026 and reaches 32,9 million euros once fully implemented by 2029, but compared to the original version of the budget, there is a drastic reduction: from 736,1 million to approximately 35,2 million in 2026.
Short-term rentals: 21% flat-rate tax for first homes
Even the short rentals they take a step back: the increase in the flat tax initially planned is deleted, returning to the current legislation with a 21% rate for first-time rented homes and 26% for second-time rentals. The threshold for a business to be considered a business is lowered from three to two rental properties, thus protecting small property owners. The change resolves the tensions caused by the previous version of the bill, which imposed the 26% rate on the first rental property, sparking discontent among trade associations and some political parties.
Banks: deductibility of previous losses reduced
Le banks will have to deal with the reduction of the deductibility of previous lossesThe amendment to Article 22 addresses the suspension of the deduction of negative components linked to DTAs, reducing the percentages of offsetting with ACE surpluses from 43% to 35% in 2026 and from 54% to 42% in 2027, generating resources of approximately 600 million in two years.increase in IRAP The 2% tax rate for banks and insurance companies remains unchanged, but a €90 tax exemption is introduced for entities with a lower tax base for the 2027 and 2028 tax periods.
Bank of Italy gold, Ministry of Economy and Finance sources: everything has been clarified between the ECB and the Treasury.
The Minister of Economy, Giancarlo Giorgetti, and the president of the ECB, Christine Lagarde, yes. I am met in Brussels during the Eurogroup to clarify the controversy over the registration of gold in the name of the Italian people. Sources at the Ministry of Economy and Finance confirm that the letter sent by Giorgetti has all doubts dispelled, emphasizing that the Brothers of Italy amendment does not call into question the independence of the Bank of Italy or the European treaties. The bank's capital is divided into 300 shares, primarily held by major Italian banks and pension funds such as Unicredit, Intesa Sanpaolo, Inarcassa, Enpam, and Cassa Forense. Foreign shareholders, including BNL and Credit Agricole Italia, hold no more than 1%, confirming the predominantly Italian control of the gold reserves.
Increases in car insurance
for insurance, the 2026 budget brings significant increases for the car insurance policies: the rate for the driver's injury goes up to 12,5% starting in 2026. The attraction regime will only apply for the future, but it raises the rate, which insurance companies expect to be reduced by around 2%. Estimated revenues exceed 100 million euros per year.
Tobin Tax: Rate doubled to 0,4% in 2026
La Tobin Tax, the financial transaction tax, doubles and will increase to 0,4% starting in 2026. For sales on regulated markets, the rate increases from 0,1% to 0,2%, while for sales outside regulated markets it increases from 0,2% to 0,4%, and for high-frequency trading it increases from 0,02% to 0,04%. The technical report indicates that, based on payments for 2022-2024, the estimated revenue will be approximately €337,3 million starting in 2026.
Contribution on small non-EU parcels
A is also introduced 2 euro contribution on small packages from Non-EU countries and with a declared value of up to 150 euros. The rule will affect approximately 327 million shipments and generate an estimated revenue of 122 million in the first year, rising to 245 million once fully implemented by 2027, covering administrative and customs costs related to low-value shipments.
Cinema: Fund cuts reduced. Book bonus for high schools.
Good news also comes for the movies, with the reduced fund cut from 150 to 90 million for 2026, while for 2027 it remains confirmed at 500 million, and for families with children in secondary schools a book bonus, even digital, for those who have ISEE up to 30 thousand euros.
In addition to the main interventions, the government has presented a dozen amendments minors with limited impact, ranging from 6 million for the 2.500 inhabitants of the city of Naples to appointments to the Authority for the Guarantee of Children's Rights.
