The New IRPEF for 2024

News No. 41/2023

According to the outline of the Legislative Decree on the “Implementation of the First Phase of the Personal Income Tax Reform and Other Measures Concerning Income Taxes,” approved by the Council of Ministers, the IRPEF tax rates and income brackets will change for the 2024 tax year.

The objective of reforming the personal income tax system and gradually reducing the corresponding tax (IRPEF) is based on specific guiding principles and criteria aimed at:

• ensure compliance with the principle of progressivity as part of the transition of the tax system toward a single tax rate, by reorganizing deductions from the taxable base, income brackets, tax rates, and deductions from gross tax;

• to achieve the gradual pursuit of horizontal equity by providing, within the framework of the IRPEF, for the progressive application of the same “no tax area” and the same tax burden to all types of income earned, giving priority to this equal treatment, first and foremost, between income from employment and pension income.

TABLE OF CONTENTS

1. NEW INCOME BRACKETS AND IRPEF TAX RATES FOR 2024, p. 2

2. TAX DEDUCTIONS FOR EMPLOYMENT INCOME AND SIMILAR INCOME, pp. 2–3

3. COMPLEMENTARY TREATMENT, p. 3

4. REVIEW OF TAX DEDUCTIONS, p. 4

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