Maneuver worth almost 35 billion, there is the go-ahead from the Council of Ministers. Other resources have been allocated for interventions to support the family. Tax wedge, VAT reduction for some products, increase in the single allowance for families, concessions for permanent employment for women under 36 and for recipients of basic income. Extension of the incentives for buying a first home for young people, the incremental flat tax. In the economic manoeuvre, reports the Ministry of the Economy, increases in revenues of 138 million euros from cigarettes and 1,02 billion euros from the revaluation of assets and company shareholdings are foreseen.
Here comes the long-awaited economic maneuver
TAX TRUCE - An intervention of "fiscal truce" for citizens and businesses that in recent years have found themselves in economic difficulty also due to the consequences of the Covid and soaring energy costs. The maneuver approved by the council of ministers provides for it. Intervention that provides for the cancellation of tax records up to 2015 which have an amount of less than 1.000 euros, the installment of tax payments not made in 2022 without additional penalties and interest for those who, due to the Covid emergency, expensive bills and economic difficulties, do not have paid taxes. There is a mini-fine of 5% on debts for the two-year period 2019-2020. The installment is up to 5 years.
CITIZENSHIP INCOME - The transitional period towards the abolition of the basic income begins. 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 8 months instead of the current 18 renewable. 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.
CASH ROOF - Back to climbing the roof to cash, as initially envisaged by the Aiuti quater decree, with an upward adjustment which was later excluded from the provision. From 1.000 January next, the threshold for the use of cash will rise from 5.000 to XNUMX euros.
Prime Minister Meloni: "Italy is running again"
FUEL DISCOUNT - The discount on petrol drops, but not for hauliers. “From 1 December the discount on petrol and diesel goes from 0.25 per liter to 0.15 while for LPG from 0.085 per kg to 0.051. The reduction in discounts has no effect on hauliers who can count on other subsidized schemes", points out the MEF. The Fund set up by the Ministry of Infrastructure and Transport intended to deal with increases in the prices of fuel and energy products is further increased. This, in relation to the provision of local and regional public transport services for passengers by road, lake, sea and rail”.
STRAIT OF MESSINA – To restart the project for the construction of the bridge over the Strait of Messina the reactivation of the Stretto di Messina spa company currently in liquidation is expected".
TAX ON EXTRA PROFITS - The cdm "has foreseen an increase in the tax on the extra profits of energy companies until 31 July 2023. From the current rate - reads a note from the MEF - of 25% it will go to 35% in 2023 as allowed by the EU Regulation. In this regard, the tax base also changes, no longer on turnover but on profits”.
The president of the council of ministers Giorgia Meloni he defined the new measures as “an important and courageous economic maneuver in support of citizens. With particular attention to low incomes and categories in difficulty. Italy – commented the premier – is back on track”.
