Daily Tax Report ®

Italy’s Conte Says Govt. to Cut Income Tax Next Year: Repubblica

Oct. 18, 2019, 5:41 AM

Italy will reduce some income taxes and consolidate certain brackets starting in 2020, Prime Minister Giuseppe Conte told newspapers including la Repubblica.

  • “Everyone will pay, everyone will pay less,” Conte said.
  • Core measures focused at lower tax brackets, though Conte said tax relief will be coming for higher brackets as well.
  • Legislation to lower the cap on cash transactions will not be amended despite opposition in some parts of the government.
  • Draft budget was passed with “complex moments” within cabinet, though work environment was positive.

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