The new IRPEF (personal income tax) for 2024

News . 41/2023

Based on the outline of the Legislative Decree concerning the "Implementation of the First Module of Personal Income Tax Reform and other measures relating to income tax," approved by the Council of Ministers, the IRPEF tax rates and income brackets will change in the 2024 tax period.

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

• ensure compliance with the principle of progressivity with a view to changing the tax system to a single tax rate, by reorganizing deductions from the tax base, income brackets, tax rates, and deductions from gross tax;

• achieve the gradual pursuit of horizontal equity by providing, within the IRPEF (personal income tax), for the progressive application of the same no tax area and the same tax burden for all types of income generated, giving priority to this equalization first and foremost between income from employment and pension income.

SUMMARY

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

2. INCOME TAX DEDUCTIONS FOR EMPLOYEES AND SIMILAR PERSONS pp. 2-3

3. SUPPLEMENTARY TREATMENT page 3

4. REVISION OF TAX DEDUCTIONS page 4

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