The New IRPEF for 2024

News No. 41/2023

According to the draft Legislative Decree concerning the 'Implementation of the First Module of Income Tax Reform for Individuals and Other Measures on Income Taxes,' approved by the Council of Ministers, IRPEF tax rates and income brackets will change for the 2024 tax period.

The objective of revising the personal income tax system and gradually reducing the related tax (IRPEF) is based on specific principles and guidelines aimed at:

• ensuring adherence to the principle of progressivity with a view to transitioning the tax system towards a single tax rate, through the reorganization of deductions from the taxable base, income brackets, tax rates, and deductions from gross tax;

• achieving the gradual pursuit of horizontal equity by progressively applying the same no-tax area and the same tax burden within IRPEF for all types of income generated, prioritizing this equalization primarily between employment income and pension income.

SUMMARY

1. NEW IRPEF INCOME BRACKETS AND RATES 2024 pg. 2

2. DEDUCTIONS FOR EMPLOYMENT AND ASSIMILATED INCOME pg. 2-3

3. INTEGRATIVE TREATMENT pg. 3

4. REVISION OF TAX DEDUCTIONS pg. 4

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