Maneuver 2022, priority to cut personal income taxes and Irap

The government has decided to increase the sum of 2 billion euros, which will go to the tax cut, with another 6 billion ” allocating 8 billion euros to tax cuts ”, through the 2022 budget law. ” The choice on the destination is not yet complete. In the preparation of the budget law, it is assumed that two indications have been given: to move primarily with an intervention that concerns the personal income tax and the regional tax on IRAP ”. This was stated by the undersecretary of the Ministry of Economy, Maria Cecilia Guerra, speaking at the event of the Caf Cia, ‘At the heart of the reform – A fairer tax for people and communities’. The undersecretary confirms that in the maneuver ” the transfer of tax credits ” linked to bonuses for building renovations will be confirmed. ” The budget law, as you know, has not yet been presented, so I can stick to general indications, ” he adds. ” There is certainly an extension in the application of building bonuses, with an important feature that is a choice that characterizes this government, namely to give a slightly longer time horizon in terms of deductions and tax credits ” . In the past, remembers Guerra, the measures linked to restructuring ” have always been thought of as temporary and have usually lasted for one year ”. In this case, explains the undersecretary, ” the time horizon is pushed for the entire three-year period ” and for the measures already financed in 2022, we arrive at 2025. When the budget law ” will arrive in parliament and, again better, in which it will come out all operators will know exactly what happens from there to the next 3-4 years, which is no small innovation ”, underlines Guerra. ” A few tens of billions are committed to the credits for building renovation, so it is a very significant intervention ”. However, the undersecretary raises the alarm about possible abuses: in the field of tax bonuses “abuses are occurring”. ” Controls need to be strengthened because those who have just started have already detected improper abuse and, sometimes, trespassing into uses for the purpose of money laundering. So there must be attention ”.