Senate

From money transfers in the Isee to the Tobin tax: what's new in the manoeuvre

The Budget Bill is before the Senate Budget Committee for a first reading

by Rome Editorial Staff

20 December 2025

3' min read

Translated by AI

Versione italiana

Key points

Money transfer in Isee
Tobin tax doubling
Online shopping: EUR 2 fee for non-EU parcels
Professionals
Publishing and Film
Cnr and universities
Italians abroad

3' min read

Translated by AI

Versione italiana

From the money transfer in the Isee to the Tobin tax, here are some of the novelties of the last hours of the manoeuvre, under examination by the Senate Budget Committee. The government has deposited a new amendment in which Transition 4.0, Zes, Tf and expensive materials in the building industry return.

Money transfer in Isee

Unaccompanied money remittances, so-called 'money transfers', will be counted for Isee purposes for tax benefits.

Doubling of the Tobin tax

Doubling the Tobin tax. As of January, the tax on financial transactions will rise from 0.1% to 0.2% on regulated markets and from 0.2% to 0.4% on others. The rate on high-frequency trading will rise from 0.02% to 0.04%. The doubling affects transfers such as shares and financial instruments issued by companies resident in Italy and the corresponding representative securities, as well as high-frequency transactions on Italian financial markets. Among the excluded cases are shares traded on regulated markets or multilateral trading systems issued by companies (identified annually by Consob) with an average capitalisation in November of the previous year of less than EUR 500 million. Moreover, the tax does not apply if the transfer of ownership occurs by inheritance or gift. The expected revenue for the State's coffers is EUR 337.3 million as of next year.

Online shopping: EUR 2 fee for non-EU parcels

A two-euro fee, to be paid on postal parcels purchased outside the EU with a value of less than EUR 150, will come into force from 2026. It is a tax that affects small online purchases and is to be added to the three euro tax, foreseen on the same type of goods, approved by the EU and which will come into force in July 2026. According to Codacons, the amendment would be illegitimate 'because it would violate European customs rules'. The associations' reference is to Article 3 of the Treaty on the Functioning of the EU, according to which 'a Member State cannot unilaterally introduce tariffs, limits or trade barriers towards other countries, because by law customs rules must be homogeneous throughout the European territory. This means - explains Codacons - that the government, if it wants to apply a 2 euro tax on parcels, must extend its validity to all shipments'.

Short rentals

The current law of 21% for the first rented house and then 26% from the second is restored. However, the business activity is triggered by the third rented property. The fiscal squeeze on short rentals, announced in the first lines of the Ddl, thus takes a reduced form. From January, therefore, the coupon will remain at 21% for the first short-term rental property and at 26% for the second property. Things only change from the third: in this case the presumption of entrepreneurial activity will be triggered, with the obligation to open a VAT number. Currently, the limit for opening a VAT number is five properties. In reality, however, this squeeze will only affect a small share of the market. Not many landlords rent more than three houses. The Budget Law estimates revenues of about 13 million more per year, thanks to the increased Irpef. In many cases, landlords may try to dribble through the new obligations, in order not to fall back into the VAT mechanism even by resorting to the black economy.

Professionisti

Compromise on the rule that makes the payment of fees to professionals working for the public administration conditional on their fiscal regularity: public administrations will retain the amounts contested by the tax authorities but pay the excess amounts.

Publishing and cinema

No more 20 million cut in 2026. The cut remains in 2027 and 2028. 60 million are coming for the Fund 'for the traditional paper system', the government assures. Reduced cuts to the cinema from 150 to 90 million. -

Cnr and universities

Funds for precarious researchers (1.5 million), a call for university beds and 2 million over 2 years for the psychology desk. - SISMA. The objective is to ensure the continuation of reconstruction work in the areas affected by the earthquakes that occurred from 1 April 2009 onwards.