Maneuver, all measures

From measures against expensive bills to Rdc and pensions, the note from the Council of Ministers

The Council of Ministers approved the economic manoeuvre. Here is the note released by Palazzo Chigi at the end of the government meeting, with the measures. The measures, which will be sent to the Parliament and the European authorities, take as a reference the programmatic framework defined in the integration to the Update note of the 2022 economic and financial document and quantify the amount of the value of the measures contained in the budget maneuver in 35 billion euros. The maneuver is based on a prudent and realistic approach that takes into account the economic situation, also in relation to the international scenario, and at the same time sustainable for public finances, concentrating a large part of the available resources on interventions to support households and businesses to counter expensive energy and rising inflation.

Other resources are allocated for measures to reduce the tax wedge and VAT on some products, increase the single allowance for families, for benefits on permanent employment for women under 36 and for recipients of basic income, for the extension of the subsidies for the purchase of a first home for young people. In tax matters, it extends the flat tax of up to 85,000 euros for self-employed and VAT numbers and the measures for the tax reduction of employee bonuses are expanded, as well as intervening with a ‘tax truce’ for citizens and businesses that have found themselves in economic difficulty in recent years also due to the consequences of Covid-19 and the surge of energy costs.

On the pension front, in addition to the confirmation of ‘Women’s option’ revisited and ‘Ape sociale’the indexation of pensions to 120% is implemented and a new pension advance scheme is introduced for the year 2023, which allows you to leave work with 41 years of contributions and 62 years of age and provides bonuses for those who decide to stay at work.

The resources allocated to measures against expensive energy for the first three months of 2023 which will make it possible to increase aid to households and businesses, also expanding the number of beneficiaries, amount to over 21 billion euros. In detail, the elimination of improper bill charges has been confirmed, the tax credit for the purchase of electricity and natural gas has been refinanced until 30 March 2023, which will rise from 30% to 35% for bars, restaurants and shops. while for energy-intensive and gas-intensive companies from 40% to 45%.

For the health sector and for local authoritiesincluding local public transport, allocated about 3.1 billion.

For the most fragile families, the mechanism that allows them to be confirmed and strengthened receive the social bills bonuswith an increase in the Isee threshold from 12,000 euros to 15,000 euros.

VAT reduction from 10 to 5% for baby products and feminine intimate hygiene products. A fund of 500 million euros is also set up, intended for the construction of a ‘Carta Risparmio Spesa’ for low incomes up to 15 thousand euros, managed by the municipalities and aimed at the purchase of basic necessities. It is a sort of ‘shopping vouchers’ to be used at points of sale participating in the initiative with an additional discount offer on a basket of food products.

Single allowance for families with 3 or more children (610 million). For 2023 it will be increased by 50% for the first year, and by a further 50% for families made up of 3 or more children. Disabled allowance confirmed.

Tax-free productivity bonuses. 5% rate for employees for productivity bonuses up to €3,000.

Facilitations for permanent hiring with a contribution threshold for those who already have a fixed-term contract and in particular for women under 36 and for recipients of basic income.

Concessions for first home purchase. Extension for 2023 of the subsidies for buying a first home for young people under 36.

Incremental flat tax for workers at 15%. Introduction for self-employed workers of an incremental flat tax of 15% with a deductible of 5% and a maximum ceiling of 40,000 euros.

For private schools, the contribution (70 million) is expected to be restored, plus transport for the disabled (24 million).

Pensions. A new pension advance scheme is launched for 2023 which allows you to retire with 41 years of contributions and 62 years of age (quota 103). For those who decide to stay at work, there is a 10% contribution reduction.

Female option. Extended for 2023 Women’s option with changes: retired at 58 with two children or more, 59 with one child, 60 other cases.

Social Bee was also confirmed for strenuous work.

Basic income. From 1 January 2023, people between 18 and 59 years of age (able to work but who do not have disabilities, minors or dependents aged 60 or over) are granted income up to a maximum of 7/8 months of the current 18 renewables. A period of at least six months of participation in a professional training or retraining course is also envisaged. Failing that, the income benefit is forfeited. It also expires in the event that the first reasonable offer is refused.

Cash ceiling. from 1 January 2023 the threshold for the use of cash will rise from 1,000 to 5,000 euros.

businesses. The suspension also for 2023 of the entry into force of the plastic and sugar tax, the taxes on disposable plastic products and sugary drinks, is expected.

SME guarantee fund. The fund has been refinanced for 1 billion for 2023. The fund guarantees all financial transactions directly aimed at business activity granted by a lender (bank or other). Ipo bonus extended (tax credit to encourage SME listing on the stock exchange).

Reactivation of the Ponte Stretto company. To restart the project for the construction of the bridge over the Strait of Messina, the reactivation of the company Stretto di Messina spa currently in liquidation is envisaged.