OrbitaxItalian Government Proposes Individual Income Tax Reduction for Middle-Income Earners and Increased R&D Incentive as Part of 2022 Budget
|Proposed Changes|Italy
The Italian government has reportedly proposed additional measures for the 2022 budget, including a reduction in individual income tax for middle-income earners. The proposal would reduce the number of income tax brackets from five to four as follows, with reduced rates for the middle brackets:
- up to EUR 15,000 - 23% (unchanged)
- over EUR 15,000 up to 28,000 - 25% (reduced from 27%)
- over EUR 28…
