Budget Law 2025

Manoeuvre, from the IRES discount to unblocked turnover for security and local authorities: changes to come

Rapporteurs' package of amendments agreed in the majority coming soon

by Redaction Rome

12 December 2024

Aggiungi Il Sole 24 Ore
ai preferiti su Google

Casa, fisco, lavoro: ecco la manovra 2025

3' min read

Key points

IRES cut with investment and recruitment
Flat tax for employees and pensioners with VAT
Stop the MEF auditors of companies with public subsidies
Automotive Fund
Turnover release for security sector and local authorities
Web tax only for the big guys
March back on cryptocurrency tax
Nurses' tax cut
For non-medical trainees €500 per month
Jail on 5,000 support teachers
Lega: deduction hypothesis for home appliance bonus

3' min read

Budget Bill 2025, it's time to get down to business. Today, Thursday 12 December, the amendments of the rapporteurs with the changes agreed in the majority at the vertice held on Monday are scheduled to arrive in the Budget Committee of the House. From the mini Ires for companies with 'stakes' to the flat tax for nurses' overtime and the unblocking of turnover for security and local authorities: there are many novelties that the package of amendments will bring to the text of the manoeuvre.

IRES cut with investment and recruitment

There is a move towards a res tax reduction of four points (from 24% to 20%) for companies that reinvest. The reduction would affect companies that waive their lay-offs for the years 2024 and 2025, have an average number of employees in the years 2022, 2023 and 2024 not lower than in 2025, increase employment by 1 per cent and keep 80 per cent of profits in the company with a minimum reinvestment of 30 per cent in Transition 4.0 or 5.0 capital goods. The resources to finance the cut are EUR 400 million to be found through a contribution from banks and insurance companies.

Flat tax for employees and pensioners with VAT

Raising the self-employed income threshold for accessing the 15 per cent flat tax for employees and pensioners with a VAT number from EUR 30 to 35,000.

Stop to Mef auditors of companies with public contributions

The measure that required the revisors of the Mef to be sent to the boards of auditors of companies receiving public contributions of 100,000 euro or more is on the way to being cancelled. According to the expected changes, the companies in question would only be required to submit an ad hoc statement on the use of public contributions.

Automotive Fund

In the package of amendments, an increase in resources for the automotive fund is also expected, with the use of residual appropriations and contributions from the Pnrr.

Turnover release for security sector and local authorities

No turnover freeze for employees of regions, municipalities and provinces, nor for security personnel and researchers.

Web tax only for the big

Towards a backward step by the government on the web tax, the tax on digital services. In the amendment package, the government would backtrack on the extension of the digital tax to SMEs: it would only apply to companies with a total turnover of more than EUR 750 million. Thus, small online publishers would be excluded.

Marching back on cryptocurrency tax

About-face also on the tax squeeze on cryptocurrency transactions, in the manoeuvre raised to 42%. The levy on capital gains from Bitcoin and the like will remain at 26% in 2025 and could be adjusted to 30% in 2026.

Fee cut for nurses

Flat tax at 5% for overtime for health service nurses

For non-medical residents EUR 500 per month

A contribution of EUR 500 per month, between the fixed and variable part of the salary, is expected for non-medical healthcare trainees such as dentists, psychologists and veterinarians.

Journal of 5 thousand extra support teachers

On the other hand, it is yellow for a draft amendment to the manoeuvre prepared by the Ministry of Education that envisages the inclusion of 5,000 extra support teachers from the 2025-2026 school year to guarantee continuity in the teaching of pupils with disabilities. The objective, the explanatory report states, is to increase the quality of the educational offer and to enhance the value of school personnel, in order to respond to the increase in the number of students with certified disabilities. A constant increase that 'requires a structural response that guarantees adequate and stable coverage of support positions in educational institutions'.

The circulation of the text provoked protests from the opposition, which called for a suspension of the work in committee. The incident was closed after an apology was issued by the undersecretary to the MEF Federico Freni: "These are issues that are in no way authorised by the government, no communication has been authorised by the government, and although the government cannot materially prevent this from happening, it is right for the government to apologise to Parliament and to all of you who are here to work on this budget law, and I refer in particular to the opposition not only out of respect for the parliamentary function but also out of respect for the work of this committee," said Freni.

Lega: home appliance bonus deduction hypothesis

The League does not consider the 'domestic appliance bonus' game closed after the approval of its amendment for the purchase of green appliances produced in Europe. This was explained by the leader of the Lega Lega group, Riccardo Molinari: "We are thinking about how to make it concrete. One hypothesis could be that it becomes a deduction, like 110%. The issue,' he pointed out, 'is how to structure it. The interest in bringing it forward is there but for a question of resources we have to understand how to calibrate it'.