The latest act, which dates back to yesterday, is the legislative decree which introduces new mechanisms for tax assessment
The first IRPEF reform module and the 120% super deduction for businesses; international taxation; changes to the Taxpayer Bill of Rights; assessment and preventive agreement. The first ‘block’ of the tax reform is made up of 5 interventionslaunched from mid-October to yesterday with the last legislative decree ratified by the Council of Ministers.
The first, which provides for an advance of the new tax on natural persons, provides for a rate of 23% for incomes up to 28,000 euros, which rises to 35% for incomes above 28,000 euros and up to 50,000 euros and to 43% for incomes exceeding 50,000 euros. For businesses there is a super deduction of 120% for companies that hire under 30s, women, disabled people and young people in the south. On the international tax front comes the global minimum tax of 15% for multinationals.
With the revision of the Statute of Taxpayers’ Rights, the general application of the adversarial principle is envisaged, but also access to tax administrative documentation and the establishment of the National Taxpayer Guarantor. With the provision that introduces a rationalization and simplification of the rules regarding tax compliance, the aim is “a framework of mutual and loyal collaboration that favors spontaneous compliance, declarative obligations, reducing the obligations”.
Finally, the last act, which dates back to yesterday, is the legislative decree which introduces new mechanisms for tax assessment, in particular with the aim of improving taxpayer participation in the assessment procedure and to strengthen forms of cooperation between national administrations and foreign. The two-year preventive agreement also arrived together, to which smaller taxpayers, holders of business income and self-employment, residing in the territory of the State, will be able to access.