"NEWS November 8, 2016-the main new features of the next stability law at a glance"
With interviews with the Director of the revenue yesterday Joined Parliament's budget committees were examining the novelty of a fiscal nature which are contained in the drawing of the next stability law.
The stated aim of the maneuver is to strengthen the economic competitiveness of the country through a series of changes essentially aimed at reducing tax on withdrawal – above all – business income. They are, however, also facilitating measures that pertain to the individual who operates outside of the economic-entrepreneurial sphere, then the private consumer.
The following table summarizes the salient features of the most relevant.
|Tax credit where R&d funding creates||The facility is made more palatable and accessible:
In addition, it should be pointed out that:
This is an optional tax – which will be inserted in the new article 55 bis of the tax code – for sole proprietors and partnerships in ordinary accounts that has the following characteristics:
|Cash for taxpayers in simplified scheme||
Is introduced, for sole proprietors and partnerships under the simplified accounts, a system of income (income tax) and the net production value (Irap) based on a cash basis, replacing the criterion of competence.
|Super amortization||The facility is:
|Deductions for real estate||The facilities for energy saving service charges and aseismatic are extended until December 31, 2021. The widest extension period is also planned for the jobs compared to those monthly charges but not for jobs that involve individual units that are extended by one year.
The extent of the deduction of the interventions aimed at energy saving is confirmed at 65% for upgrading the energy efficiency of individual condominium units and parts, while for operations carried out on the common parts which carry a more significant percentage of energy saving expense deductible is high:
The extent of the deduction for seismic interventions on areas is confirmed at 65% (36%) instead of the ordinary. In addition, the bonus percentage has risen to the most significant ones:
Finally, it provided for the transfer, in the form of a tax credit, deduction due to the energy upgrading and antiseismic consolidation. Affected taxpayers are those who own income excluded from taxation income tax purposes or by express provision or because the gross tax is absorbed by the deductions under article 13 Tuir.
|Performance bonuses and corporate welfare||
Companies that increase their productivity can deliver performance bonuses subject to substitute tax of 10% instead of the ordinary progressive taxation.
By 2017 will enjoy this facility workers in the private sector who have an income of employees not exceeding 80,000 euros, and no more than 50,000. In addition, the amount of aid must be high productivity Award from 2,000 to 3,000 euros or, in the case of joint involvement of employees in the Organization, from 2,500 to 4,000 euros.
It is also possible to include in the range of benefits that the employee can demand in lieu of the Prize also the use of company cars, leasing of buildings and the granting of loans at subsidized rates, within the limits ordinarily provided for exclusion of those utility from employment income.
|Scheme for persons who move to Italy||
The option for the regime does not apply the regime of taxation on worldwide income and therefore not subject to ordinary taxation foreign income, but only the income in our country.
For foreign income a income tax substitute tax of euro 100,000, reduced to € 25,000 for each family member who transfers residence in Italy and has the same option.
The option can be revoked and ceases to have effect anyway after 15 years from the first tax period of validity. The effects of partial payment if omitted or cease of substitute tax. The withdrawal or forfeiture regime preclude the exercise a new option.
It is also a benefit for the purposes of indirect taxation: open successions and donations tax periods of validity of the option exercised by the predecessor, inheritance and gift tax is due only to goods and rights existing in Italy at the time of succession or donation.