The Budget Law provided for the exclusion from the calculation of the ISEE, up to a total value of 50,000 euros, of government bonds and financial products for the collection of savings with an obligation to repay backed by the State guarantee. The entry into force of this provision, INPS warns in a message, "is not immediate as it is subject to the approval of the amendments to the regulation on the discipline of the ISEE. Therefore, the ISEE regulations relating to movable assets remain unchanged" and "the obligation to indicate all financial reports in the DSUs submitted since January".
In the absence of amendments to the ISEE regulation, the permanence of the obligation to declare any savings in government bonds up to 50 thousand euros is relevant both for services not provided by INPS whose payment is linked to the ISEE (such as university fees or school canteens) and for services provided directly by the Institute such as the Single Allowance or the Social Inclusion Allowance. The non-application of the provision is also relevant for the purposes of assessing the sale of government bonds and financial products with an obligation to repay with a state guarantee, such as postal savings products, which would certainly be favoured in the investment choice by households.
The Budget Law, INPS writes, "has provided for the exclusion from the calculation of the ISEE, up to a total value of 50,000 euros, of the government bonds indicated in Article 3 of the consolidated law on public debt (Decree of the President of the Republic of 30 December 2003, no. 398) and of financial products for the collection of savings with an obligation to repay backed by the State guarantee. As clarified by the Ministry of
In response to the request for an opinion expressly formulated by INPS, the entry into force of the provision that allows government bonds (BOT, BTP, CTS, etc.) and financial products for the collection of savings with an obligation to repay backed by the State guarantee (postal savings collection products) from the ISEEI is not immediate, as it is subject to the approval of the amendments to the regulation governing the ISEE (Dpcm no. 159 of 2013)".
Pending the amendments to the aforementioned regulation, INPS warns, the ISEE regulations relating to movable assets therefore remain unchanged, with the consequence that in the Single Substitute Declarations (DSU) submitted from January 2024 the obligation to indicate all the financial relationships set out in Article 5 of the Decree of the President of the Council of Ministers of 5 December 2013 remains, no. 159 and owned as of 31 December 2022 by the persons belonging to the household".
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