The new IRPEF for 2024

News n.41/2023

Based on the draft of the Legislative Decree containing the "Implementation of the First Module of Reform of Income Taxes for Individuals and other measures regarding income taxes," approved by the Council of Ministers, the tax rates and income brackets for IRPEF will change in the 2024 tax period.

The purpose of revising the system of income taxation for individuals, as well as the gradual reduction of the related tax (IRPEF), is based on specific principles and guidelines aimed at:

• Guaranteeing respect for the principle of progressivity with a view to changing the tax system towards a single tax rate, through the reorganization of deductions from the tax base, income brackets, tax rates and deductions from the gross tax;

• achieving the gradual pursuit of horizontal equity by providing, within the scope of IRPEF, the progressive application of the same no tax area and the same tax burden for all types of income produced, prioritizing this equalization primarily between income from employment and pension income.

CONTENTS

1. NEW INCOME BRACKETS AND IRPEF RATES 2024 page 2

2. DEDUCTION FOR INCOME FROM EMPLOYMENT AND SIMILAR INCOME page 2-3

3. SUPPLEMENTARY PAYMENT page 3

4. REVISION OF TAX DEDUCTIONS page 4

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