Above all, it will be the tax innovations that will hold the stage at the Council of Ministers convened to approve the DBP and the 2024 maneuver.
In addition to the budget law, two implementing decrees of the tax delegation will also be approved, which will contain one of the most important measures planned for next year, namely the unification of the first two personal income tax rates. As for the confirmation of the cut in the tax wedge, which will instead enter the maneuver, it is currently a measure financed only for one year, i.e. until December 2024, covered - unless there is last-minute news on deductions - in deficit and therefore not structural. For the following years, other resources will have to be found from time to time.
* CUTTING THE WEDGE: the partial exemption on the share of social security contributions payable by employees with lower incomes began in 2022 with the Draghi government, was confirmed and revised upwards with the 2023 budget law developed by the Meloni government and rose further thanks to the labor decree of May 6. The cut currently in force and which will be extended for another year is 35 percent for workers with an income of up to 7 thousand euros and 25 percent for those with an income not exceeding 1 thousand euros per year (923,<> euros per month).
* CHANGE YOUR PERSONAL INCOME TAX: The big news of 2024 will be the merging of the first two personal tax rates. Provided for by the tax delegation, the rule for the reduction of brackets from 4 to 3 will be contained in an implementing decree that will arrive in parallel with the budget law. Also in this case, the aim is to encourage low incomes and for this reason the rate of 23% (currently reserved for incomes up to 15,000 euros) will also be merged into the 28% rate (currently provided for from 15,001 to 28,000 euros). The reform, added to the cut of the wedge, should lead to a payroll advantage of about 120 euros per month.
* MINI-IRES AND MINIMUM TAX: Also in this case, by resorting to a legislative decree, the corporate tax should drop from 24% to 15% for those who hire with an increase provided for if you hire young people, women or former beneficiaries of the citizenship income. For multinationals, the Global minimum tax of 15% will arrive from January <>st, while for companies that will return to Italy after relocating abroad, there will be ad hoc concessions for the so-called reshoring.
* FAREWELL TO THE NOVEMBER DOWN PAYMENT: The novelty, introduced after a long battle by the League led by Alberto Gusmeroli, immediately concerns VAT numbers for which the calendar of obligations changes. The traditional November down payment will disappear this year for about 2.5 million self-employed, small artisans and traders, 'selected' on the basis of a turnover threshold. From November 2024, the audience will double because the elimination will affect everyone.
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