The government's plans: Irpef cuts for 13.6 million people and simpler Ires premiums

The tax yard of the manoeuvre is entering into full swing. Technical meetings are taking place at the Ministry of the Economy, and a few papers are beginning to end up on the table: while waiting for the framework of the available financial spaces to take full shape.

Explicitly highlighting the executive's ambitions was the deputy minister of the Economy, Maurizio Leo, during yesterday's Telefisco 2025 Special. In his speech, Leo explicitly relaunched his ambition to broaden the scope of the new Irpef discounts with a twofold move: the reduction by two points from 35% to 33% of the second rate and the enlargement up to 60 thousand euro of annual gross income of the bracket that today stops at 50 thousand euro. With a 'one-two punch' that in the deputy minister's calculations could benefit 13.6 million taxpayers. For companies, on the other hand, the plan that the government is outlining focuses on the Ires bonus, not only with the structural transformation of the incentive, currently experimented only for this year, but also with a review to simplify its features and align its calculation on income.

Certainties are still far away and, as is customary, Leo insisted again yesterday, 'at the risk of sounding monotonous', on the need to 'find the resources first', specifying that the challenge is 'very complex'. On this terrain, the date to be circled in red is that of Monday 22 September, when ISTAT will publish the new edition of the annual economic accounts: among the variables at stake, once again, is the usual Superbonus, because the new figures from the statistics institute will reveal the use of tax credits in 2024 and its consequences on the debt of that year and the following ones.

In any case, Leo's words animate the political discussion and not only. From the president of Forza Italia senators Maurizio Gasparri comes an appreciation that sounds at the same time like a vindication: "Leo's opening on Forza Italia's proposal on the Irpef cut is good," he says. And Economy Undersecretary Sandra Savino, also from Fi, added: "Lowering taxes has always been a Forza Italia priority and today it is at the centre of the government's work". tax relief on the middle class and the implementation of the premium IRES are also priorities for commercialists, as pointed out by president Elbano de Nuccio.

The real effects of the manoeuvre on the pockets of Irpef taxpayers will derive from two factors. The first is the actual possibility of raising the new 33% tax rate up to 60 thousand euro of income, without stopping instead at 50 thousand as the lighter hypothesis envisages. Route number one would require about 5 billion per year according to the most up-to-date calculations, while option B would require just under 3 billion. However, the final accounts could also be affected, and this is the second factor, by a possible new intervention on deductions, along the lines of what happened in 2024 for incomes over 50,000 euro (flat-rate cut of 240 euro to sterilise the effect of the three-rate reduction), or with a remodulation of the ceiling on deductible expenses introduced by the 2025 manoeuvre over 75,000 euro of income and according to the number of family members.