The New IRPEF for 2024

News . 41/2023

According to the outline of the Legislative Decree on the “Implementation of the First Phase of the Reform of Personal Income Tax and Other Measures Concerning Income Tax,” 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 relevant tax (IRPEF) is based on specific guiding principles and criteria aimed at:

• ensure compliance with the principle of progressivity as the tax system transitions 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 IRPEF system, for the progressive application of the same tax-free threshold and the same tax burden to all types of income, giving priority to this equalization first and foremost between earned income and pension income.

SUMMARY

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

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

3. COMPLEMENTARY TREATMENT p. 3

4. REVIEW OF TAX DEDUCTIONS p. 4

Want to learn more?

Sign up at studiopiceci.it to continue reading these exclusive posts.

Sign up now