Corrective Decree, company cars: 50 per cent tax increase for old diesel and petrol
Additional options come in a flat rate of 5 per cent. Inheritance and gift tax: advance payment on trusts and liens
by Marco Mobili and Giovanni Parente
Changing course for the taxation of company cars. With a double gear included in the corrective decree of the tax delegation, initially expected in the Council of Ministers for Wednesday 4 June but for which a few more days will be needed for the fine-tuning of the whole articulation:
1) one aims at resolving a series of knots left open after the 2025 manoeuvre with which the government had intervened on this type of fringe benefit to reduce environmentally harmful subsidies (Sad);
2) the otherincreases by 50% the tax levy on old diesel and petrol models held in the car fleets of companies for more than five years.
A measure that aims to discourage corporate use of older and potentially more polluting cars, pushing companies to turnover their fleets every four years.
Among the most important changes is also the one that revises the taxation rules for optional extras not included in the standard tariff of theACI tables: according to the Revenue's interpretation, the additional optional extras would have increased the tax burden on the vehicle granted to the employee for mixed use.
Whereas with the upcoming amendment the value of the fringe benefit is increased by a flat rate of 5 per cent.
As repeatedly requested by companies, the transitional tax regime for cars booked in 2024 and assigned throughout 2025 is also revised.
