Manoeuvre 2026, reduction to 400 amendments and negotiations on reduced gold tax and crypto capital gains
Parliament is preparing to select proposed amendments to the budget law, focusing on a reduced tax rate for gold and confirmation of taxation on cryptocurrencies.
Key points
The deadline for submitting reported amendments to the manoeuvre is postponed from tonight to Wednesday 19 November by 4pm. This was decided by the Bureau of the Senate Budget Committee. The aim is still to go from more than 5,700 proposed amendments to 414 amendments on which the investigations and votes will be conducted. Furthermore, two macro-themes, local authorities and disasters, are left out, which will be dealt with through amendments by the rapporteurs and voted on by all the political forces. Negotiations are therefore in full swing to skim off the endless requests from both majority and opposition parties.
Thursday before the BoD confirmed majority summit on the manoeuvre
The centre-right is still grappling with the 'corrections' to the manoeuvre, in view of tomorrow's deadline for the presentation of the amendments 'recommended' by the major parliamentary groups. Confirmed for Thursday, 20 November, before the CDM convened at 5pm, the summit between the majority leaders to take stock of the situation, starting precisely from the knot of new resources for the 2026 budget law.
We are still talking about the gold tax
As for the 'package of amendments' under consideration by the centre-right coalition (each party is aiming to bring home so-called flagship amendments), parliamentary sources tell us that the transactions on the hypothesis of a tax on gold are still in progress. On the table is a subsidised tax rate of 12.5 per cent, instead of 26 per cent, for those who decide, by 30 June 2026, to revalue the investment gold in their possession. Translated: those who own bars, coins or jewellery without purchase documentation would therefore only be taxed on the capital gain received if they sell it.
Majority: stop 33% tax increase on crypto-assets
Maintain the taxation of capital gains from crypto-assets at 26% also in 2026. This is what FdI, FI and Lega are calling for with several amendments to the manoeuvre that are moving to stop the increase in the rate to 33% planned for next year. Two identical amendments by FdI (with Pellegrino as first signature) and FI (with Lotito as first signature) suppress the paragraph of last year's budget law in which it was established that on capital gains realised from 1 January 2026 the substitute tax would be applied at a rate of 33%.
Between reported Alloy scrapping, short rentals, gold
The extension of the five-year scrapping scheme, the stop to the increase of the dry coupon for short rentals through platforms, the elimination of the prohibition to offset credits, and the reduced rate for the revaluation of investment gold. These are some of the amendments to the manoeuvre that the Lega will reportedly flag.
