green light from the council of ministers. Here’s the news
The cabinet approved the budget law for the 2023. Worth approx 35 billion of Euro. Once again postponed the tax on plastic and sugar, respectively called ‘plastic tax‘And’sugar tax‘. Also skip the increase of win the feethe so-called ‘fortune tax‘. An additional 5% increase on gambling winnings was under evaluation. Expected a increase from tobacco And cigarettes. Come back The sun 24 hoursthese are the main measures:
– Salaries: cut the contribution wedge from four billion to the benefit of workers. “For workers with incomes of less than 20,000 euros, another cut in the contribution wedge would be added”.
– Basic income: for employable earners, support for eight months in 2023. “They will have until August to train, then they will lose the subsidy”. It is not implied that the training guarantees an immediate job. There is therefore no employment guarantee following the loss of the subsidy. “Also at risk is the subsidy for the 173,000 employed, who, having low incomes, received the RdC”.
– Pensions: 103 share, lows at 570 euros and tightening on revaluations. “A restyling of the requirements for accessing the women’s option is also on the CDM table”. However, the minimum pensions remain too low, the amount is insufficient to guarantee a dignified old age.
– Fixed tax: flat tax of 85,000 euros with a trap above 100,000. “The VAT numbers that can access the flat tax of 15%” go from a ceiling of 65 thousand to 85 thousand euros. If you exceed 85,000 and up to 100,000, the rate goes from 15 to 20%. “For those who exceed 100 thousand euros during the year, there will be an immediate return to ordinary taxation”.
– Tax truce: balance and excerpt for debts arising between 2020 and 30 June 2022. “Debts of up to one thousand euros entrusted to the collection agent by 2015 are subject to excerpt, as already happened in the 2018 tax decree for the same files up to 2010. When the amount is higher, the case can be closed by paying the entire tax due and a 5% surcharge which replaces the ordinary interest and penalties”.
– Reduced taxes: cryptocurrencies, 14% capital gains and 6% return on dividends.
– Fuel: from December 2022 a reduced cut in excise duties is expected to finance aid to Municipalities. “The reductions in excise duties on diesel and petrol and 3.4 cents on LPG will be reduced from 25 to 15 cents per litre.”
– Extraordinary withdrawal: bis tax on extra profits at 33% and corrections on the first contribution. “The tax will be paid in installments due on 30 June 2023 and 30 June 2024”.
– Power: renewables, new cap on revenues. Renewed aid for families and companies. “The law, signed by the minister of the environment and energy security Gilberto Pichetto, follows the European one with the setting of a bar at 180 euros per megawatt hour of electricity produced”.
– Businesses: dowry to Nuova Sabatini, protection of made in Italy and 4.0 training. “The package for businesses and industrial policies, at least according to the rumors of the CDM last night, is quite meager”.
Infrastructure: major works: first responses for the bridge over the Strait of Messina, the Jonica 106 state road and the Adriatic fast railway line.
Single check and tampon tax: more aid to large families, the package doubles to 200 euros. For diapers and sanitary pads, the VAT should drop from 10 to 5%.