The confirmation of the cut in the tax wedge and the reduction of the Rai license fee, but also numerous increases borne by citizens, including on goods such as powdered milk for newborns, nappies and sanitary pads.
In the draft budget law of the Meloni Government various taxes increase, here they are in detail.
VAT on milk, diapers and sanitary pads
The VAT for children's products and the so-called tampon tax is no longer 5%. From 2024 the tax on baby products such as nappies, powdered milk and baby food preparations will double to 10%. Same thing for pads, tampons and menstrual cups.
Sale of houses with Superbonus
Capital gains on the sale of properties on which Superbonus interventions have been carried out no more than five years ago will not be considered "other income". The 26% tax will therefore be calculated on the entire capital gain and not on the "discounted" amount of the cost of the renovation.
Properties abroad
The tax that residents in Italy who own properties abroad, for any intended use, are obliged to pay increases. The Ivie (Tax on the value of properties located abroad) therefore grows from 0.76% to 1.06%.
Coupon short term rentals
The tax regime for short-term rentals is changing, with the increase in flat rate tax and withholding tax for rent, which goes from 21% to 26%.
Cigarettes
Excise duties on manufactured tobacco are increasing which will translate into price increases of between ten and twelve cents per pack in 2024. As a result of the increases on cigarettes, for 2024 the maneuver will also lead to increases of around 10 cents per pack also on heated tobacco. Taxation on shredded tobacco is increasing, with impacts estimated by industry experts of around 30 cents per bag. For electronic cigarettes there is a plan of annual increases (1% per year, both for liquids with nicotine and for those without nicotine) in 2025 and 2026.
Concerts and exhibitions
A part of the profits obtained from concerts, exhibitions, cultural events and other events will be allocated to the Ministry of Cultural Heritage.
City tax
On the occasion of the 2025 Jubilee, provincial capital municipalities, unions of municipalities, tourist resorts and cities of art can increase the amount of the tourist tax by up to 2 euros per night.
Plastic and sugar tax
The freezing of plastic and sugar taxes has been confirmed but only for another six months, until the end of June. The two taxes, introduced with the 2020 budget and never entered into force, should therefore come into force from 1 July 2024, unless further interventions are made.
(Unioneonline/L)
