Connect with us


The flat tax will be for everyone, but only on additional income: the hypotheses



Maurizio Leo - Photo by Ansa FotoMaurizio Leo – Photo by Ansa Foto

Flat tax: the government is considering a formula that provides for a flat tax on income increases for the self-employed and employees. It would aim to alleviate the tax burden of those who experience significant ups and downs between income over the course of a year, therefore mainly the self-employed.

However, the comparison of other flat-rate tax hypotheses remains open, to decide which will be part of the finance law. Deputy Minister of Economy and Finance Maurizio Leo, in an interview with Quarta Repubblica, said that in view of the maneuver “we would like to extend the additional flat tax to employees, but the figures are robust and it is more complex to do so. However, employees – I am thinking of those in the private sector – benefit from a productivity bonus to which 10% applies up to 3,000 euros. We can take this measure out and then on the part that exceeds 3 thousand we can apply 15% or we can apply 5% on the 3 thousand euros”.

Let’s see what are the different options examined by the Mef.

Extension of the VAT number threshold

The government’s intention is to extend the 15% flat tax to a wider range of VAT numbers and to achieve this, we will go from widening the revenue and compensation threshold to applying the flat rate regime. The flat tax could also affect VAT numbers up to 85,000 euros compared to the 65,000 expected today. The formula will apply to income in 2023 and 2024.

Additional flat tax for employees

For employees, a marginal tax is currently under study. Minister Giorgetti explained that it is a question of applying a rate of 15% instead of the marginal rate of personal income tax – which varies from 23%, 25%, 35% or 43% in based on income – to the additional fraction of income from work and per business carried out in 2022, compared to the highest income of the previous three years.

However, according to recent statements by Deputy Minister Leo, this path may not be feasible.

Tax deductions

“The reorganization of tax expenditures can only be fully defined within the framework of a broader and more comprehensive tax reform plan,” reads the programmatic report on tax expenditures.

The Draghi government had already started the reorganization of the 19% levies, leaving health costs and those on mortgages for the purchase of the first home intact.

Continue Reading

Recent News

WhatsApp Business WhatsApp Business
Business2 hours ago

Running WhatsApp Business with Pro+VPS for Android Emulator

WhatsApp Business is one of the most powerful tool for Business to manage customers communication. Running it can enhance the...

Civil Partnership Visa Civil Partnership Visa
Finance1 day ago

Civil Partnership Visa vs Spouse Visa: Which One is Right for You

Choosing the right visa to join your partner in the UK can be confusing. Two common options are the Civil...

Crypto Crypto
Crypto2 days ago

Staked Crypto – A Step-by-Step Guide for Beginners

Ethereum staking has become an increasingly popular way for cryptocurrency holders to earn passive income through staking rewards. In this...

Ethereum Staking Ethereum Staking
Crypto4 days ago

Maximizing Ethereum Staking Rewards: Tips and Tricks

Are you looking to maximize the potential of your Ethereum holdings? Stake Ethereum using OkayCoin and take advantage of the...

Wedding Wedding
Wedding4 days ago

4 Wedding Services You Can Quickly Check Off Your To-Do List

Organizing a wedding might like arranging a large-scale symphony, in which each element must work together to produce a beautiful...

Luxury Shopping Luxury Shopping
Lifestyle4 days ago

Luxury Shopping in Ibiza: A Guide to the Finest Boutiques

Ibiza is synonymous with lavish lifestyles, sun-soaked beaches, and electrifying nightlife. But beyond the party scene and stunning seascapes, the...

Indian Brides Indian Brides
Fashion6 days ago

Top Trends in Diamond Necklaces for Indian Brides

As Indian brides gear up for their big day, the selection of the perfect diamond necklace is crucial. Diamond necklaces...

Snaptik Snaptik
Entertainment6 days ago

Snaptik: The Ultimate Tool for Watermark-Free TikTok Downloads

Snaptik stands out as the top tool for downloading TikTok videos without watermarks. It fights the issue of videos having...

Bedroom Bedroom
Lifestyle1 week ago

Refresh Your Bedroom: Summer-Inspired Interior Designs

Not only does June signal the midpoint of 2024, but it also signals the arrival of summer. With the changing...

Digital Marketing1 week ago

Optimizing Your Website for SEO: Key Strategies and Tools

If you’ve spent any time googling things on the internet or have had even the briefest of forays into marketing...