Budget Law

Manoeuvre, Palazzo Chigi: agreement on short-term rentals, Isee and dividends. Irap on big banks goes up

Summit at Palazzo Chigi with Meloni. Gasparri: changes to protect homes and short rentals

by Rome Editorial Staff

Sono 105 in totale gli emendamenti (o parte di essi) alla manovra segnalati che sono stati dichiarati inammissibili dalla presidenza della commissione Bilancio del Senato

4' min read

Translated by AI
Versione italiana

4' min read

Translated by AI
Versione italiana

Majority meeting at Palazzo Chigi on the budget bill: "It took place in a climate of great agreement," a note said, announcing that "an agreement was reached on a number of still open issues". In detail: 'An agreement was reached on short rentals, on the extension of the Isee exemption on the first house, on Article 18 referring to dividends, the possibility of compensation for social security contributions of companies was clarified, and measures in favour of the police force were discussed'.

"We are all in agreement on the need to cancel the increase in the tax rate from 21% to 26% for those who rent a house," said Fi Maurizio Gasparri, at the end of the summit. For those who 'rent a second home, the rate remains unchanged with respect to the legislation in force,' he continued, and instead 'we are reasoning' on the limit from which 'the business activity would be triggered: the hypothesis in the field is who would be starting from the third flat. Gasparri then explains that as for all the other measures, 'it will be the Treasury that will assess the substance of the coverage'.

Loading...

Irap increase of 2.5 points for large banks

Among the topics is the 0.5 point increase in IRAP for large banks, which would bring the additional levy to 2.5 points. According to various sources, the revenue from the change would be just under 200 million. The technical work would still be ongoing, but an exemption would have to be used to exempt small institutions. 'We will talk to all those affected by the government's interventions, there will be an interlocution, they won't find out from the newspapers,' said the Minister for Relations with Parliament, Luca Ciriani, at the end of the meeting in the Senate on the amendments to the manoeuvre, responding to a question on whether the government will talk to the banks.

105 amendments pass, from Mes to contract tax relief

Meanwhile, a total of 105 amendments (or parts thereof) to the manoeuvre have been declared inadmissible by the chair of the Senate Budget Committee. Eighteen were declared inadmissible due to subject matter and may be replaced by the groups with other proposed amendments. Another 87 were blocked for coverage.

The amendment on Bankitalia's gold, tabled by Lucio Malan, leader of the FdI group in the Senate, passes the admissibility test. The amendment states that 'the gold reserves managed and held by the Bank of Italy belong to the State, in the name of the Italian people'. Three of the four amendments on the building amnesty were also saved from the trap. While the one that provides that 'municipalities are obliged to issue building permits as an amnesty following the proceedings instituted pursuant to the provisions of Chapter IV of Law no. 47 of 28 February 1985, article 39 of Law no. 724 of 23 December 1994, and article 32 of Law no. 269 of 30 September 2003, by 31 March 2026' was considered inadmissible because of its coverage.

Bce: "Never consulted on Bankitalia gold, no comment"

"The ECB has not been consulted by the Italian authorities on the draft amendment, and has no comment to make on the issue." Thus the European Central Bank after the amendment was admitted.

Stop the proposal to sell Mes shares

On the other hand, the amendment of the League on the MES (The endowment of the Fund for the reduction of the tax pressure referred to in Article 1, paragraph 130, of Law No. 197 of 29 December 2022, is increased by EUR 5,000 million for each of the years from 2026 to 2028. The transfer of the capital contribution shares for the participation of the European Stability Mechanism, referred to in Law No. 116 of 23 July 2012), is authorised for the compensation of the related charges.

The League is working on the reformulation of the amendment that envisages, therefore, the sale of the MES shares, allocating the proceeds to the fund for reducing the tax burden. League senator Claudio Borghi explained that the inadmissibility of the amendment in terms of coverage was due to the fact that the exact figure had been set, i.e. 5 billion per year for three years, which would have gone into the fund, and this is not correct from an accounting point of view because it is not possible to know in advance whether and when the transfer will take place.

League-FI amendment on public managers' salaries passes

The amendment to the manoeuvre tabled by the Lega and Forza Italia that would exclude from the ceiling on public sector salaries the remuneration paid to managers by listed companies, even if they are publicly controlled, did not pass the admissibility test. The proposal, signed by, among others, Massimiliano Romeo, leader of the Lega group in the Senate, and Maurizio Gasparri, leader of the FI group in the Senate, stipulated that remuneration would not be counted for the purposes of calculating the salary cap for unlisted public companies. The amendment was skipped because it was considered extraneous in terms of subject matter.

New replacement amendments will be tabled

In detail, 18 were declared inadmissible by subject matter and 87 by coverage. As for the former, these can be replaced with an equal number of other proposals to amend the budget law. The deadline for doing so is 24 hours, but from the fifth committee they say that already by this evening, given the small number, the forces will present the new amendments as replacements. In the case of those inadmissible for coverage, the proposals can be reworded if necessary.

Brand connect

Loading...

Newsletter

Notizie e approfondimenti sugli avvenimenti politici, economici e finanziari.

Iscriviti