The tax reform introduced by the Italian government is in line with the objectives of the EU-funded post-Covid national recovery and resilience plan (NRRP) to create an efficient tax system and reduce evasion, Economy Minister Giancarlo Giorgetti said on Monday, "The implementation of the tax reform is in line with the objectives of the NRRP, which includes the creation of an efficient and well-defined tax system and the reduction of tax evasion," said Giorgetti in a message to the seventh NationalForum of Chartered Accountants and Accounting Experts.
“The first phase of the tax reform took shape with the approval of seven legislative decrees between December 2023 and the beginning of this year,” he added.
The minister described the international economic context as "complex and characterized by geopolitical uncertainties that are constantly evolving", but said that the behavior of the government has reassured small investors, "who are one again subscribing to government bonds", and international observers" with the positive judgments of rating agencies".
"This behavior is geared towards consolidating a fundamental feature of the management of our budget and our debt: confidence," concluded Giorgetti.
In December the government signed off a number of legislative decrees implementing the reform of personal income tax IRPEF to cuts the brackets from four to three, among other things.
The tax reform package includes "very important measures that will contribute to simplifying the tax system, making it fairer and more dynamic," said Deputy Economy Minister Maurizio Leo at the time.
"The framework for IRPEF rates is simplified, with greater tax savings for the lower and middle income brackets, which are more exposed to the constant changes in the international economic and financial framework," he added.
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