The manoeuvre for 2026

Budget Law

Manoeuvre, green light slipped. New amendment to recast the severance pay reform

In the new amendment are the refinancing of incentives for Transition 4.0 companies and the Single Southern Zones

by Rome Editorial Staff

19 December 2025

3' min read

Translated by AI

Versione italiana

3' min read

Translated by AI

Versione italiana

The green light for the manoeuvre has been postponed until a later date. The truce on pensions lasted only a short time, just long enough, however, to give some breathing space to the votes and pass the amendment on Bankitalia's gold, the tax on parcels and the voucher for the parity schools. However, some knots remain to be unravelled, so much so that Prime Minister Meloni was forced to convene a majority summit, attended by the deputy prime minister and Economy Minister Giorgetti.

The umpteenth twist is a government amendment that will be brought back to the committee: this will include the rules for companies and, it is not excluded, also the restoration of the silence of consent for newly hired employees on the severance pay. 'The majority is broken,' stressed PD secretary Schlein.

The summit at Palazzo Chigi

The summit on the manoeuvre took place at Palazzo Chigi on the evening of Friday 19. Present were the Prime Minister, Giorgia Meloni, the deputy prime ministers, Matteo Salvini and Antonio Tajani, and the ministers for the Economy, Giancarlo Giorgetti, and for Relations with Parliament, Luca Ciriani. At the summit, it was decided to finalise a new government amendment to take up the measures for companies removed from the omnibus amendment that also contained measures on pensions and in this way avoid passing an ad hoc end-of-year decree. In the new amendment there is the refinancing of the incentives for Transition 4.0 companies and the Single Economic Zone of the South.

Manoeuvre slippage risk in the Chamber, possible consideration in the night of 23 or 24 morning

Hence the possible postponement of the manoeuvre's arrival in the Senate chamber: the majority senators have already been warned of the possibility that they may have to work even on the 23rd night or even as late as the 24th morning.

Green light on measures on short rentals, banks and dividends

The budget committee of Palazzo Madama will meet again on Saturday morning at 10 a.m. Work continued throughout the day on Friday. Numerous measures were given the green light. Starting with those on short rentals, dividends, banks, the removal of the rule on the prohibition of compensation, the increase in contract renewals.

Ok to the three-year hyperdepreciation and remodulation of the Pnrr

The Budget Committee in the Senate also approved the government's latest amendment to the manoeuvre with the three-year stabilisation (until 2028) of the hyper-amortisation and the reshaping of the NRP. The amendment was deposited in the morning and is the result of the removal of the maxi-amendment withdrawn in the night. The amendment also introduces the withholding tax for businesses, brought forward to 2028 with a rate of 0.5 per cent - net of VAT - of the amount to be paid; from 2029 the rate rises to 1 per cent.

Doubling Tobin tax and tax on non-EU parcels

The doubling (from 0.2 per cent to 0.4 per cent) of the Tobin tax, the tax on financial transactions, will take effect from January, and a EUR 2 tax on small parcels arriving from non-EU countries with a value of up to EUR 150 (rpt. 150) will be introduced. The two measures are contained in the government's reform package approved by the Senate Budget Committee.

Incentives also for condoned properties

Condoned buildings will also be able to access the environmental, safety, and seismic incentives provided by the various regions. This is the provision of an FdI amendment to the manoeuvre approved by the Senate Budget Committee. "Thanks to this amendment, a concrete incentive is introduced for the requalification of the condoned building heritage, favouring seismic, environmental, and safety improvement interventions," explains FdI senator and chairman of the Senate committee Nicola Calandrini, co-signer of the amendment. "In light of this regulatory change, the Lazio Region will no longer have to make corrections to the regulations on urban regeneration to exclude condoned buildings from the scope of application of Regional Law No. 7/2017," he points out;

Patuanelli (M5S): amnesty rules off, reformulation withdrawn

"The reformulation of the amendment that reintroduced the amnesty has been withdrawn". This was announced by the Senate group leader of the M5S, Stefano Patuanelli, emphasising that it was 'a victory for the M5S'. The reformulation envisaged that all the types of offences envisaged would be amnestied (from works carried out in the absence or non-conformity of a building permit to extraordinary maintenance works, including restorations) as long as they were not illegal works owned by convicted persons or on which anti-seismic interventions are not possible or with constraints related to land management or carried out on national monuments.

Clear to increase motor third-party liability rate on driver accidents to 12.5%

For insurance contracts taken out from 1 January 2026, the rate on motor third-party liability insurance for driver accident and roadside assistance risk rises to 12.5 per cent. The measure is contained in a package of government reformulations approved in the Senate Budget Committee

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