Italian 2026 Finance Bill – Key Tax Measures: Support for Middle and Low Incomes | Revision of IRPEF tax brackets | Baby bonus | Enhanced parental leave and nursery bonus | Social security exemption for working mothers | Increased deductions for private school expenses | Family endowment fund | First home mortgage guarantee fund | Support for food purchases | Energy-efficient appliance bonus | Cap on deductions for incomes over €75,000 | Exceptions for healthcare, mortgages, and startup investments | End of deductions for children over 30 (except disabled children) | “Hire more, pay less” tax deduction for new permanent hires | Reduced tax on productivity bonuses | Fringe benefit exemptions | Relocation support for new hires | Raised flat tax threshold for employees and pensioners | Reduced corporate tax (IRES) for reinvested profits | Tax credits for southern Italy investments | Enhanced “Nuova Sabatini” machinery financing | Support for SME stock market listings | Increased public investment in defense, infrastructure, and healthcare | Banking and Insurance | Deferred deductions for financial sector losses | Annual stamp duty on life insurance contracts

The table below contains the codes to be shown in Section RW of the annual tax return allocating any foreign asset to an individual category.

Italian DescriptorCodeEnglish Description
Conti Correnti E Depositi Esteri1Foreign Current And Deposit Accounts
Partecipazioni Al Capitale O Al Patrimonio Di Società Non Residenti2Shares In The Capital Or Equity Of Non-Resident Companies
Obbligazioni Estere E Titoli Similari3Foreign Bonds And Similar Securities
Titoli Non Rappresentativi Di Merce E Certificati Di Massa Emessi Da Non Residenti4Foreign Securities And Certificates Issued By Non-Residents
Valute Estere Da Depositi E Conti Correnti5Foreign Currencies On Deposit And Current Accounts
Titoli Pubblici Italiani Emessi All’Estero6Italian Public Securities Issued Abroad
Contratti Di Natura Finanziaria Stipulati Con Controparti Non Residenti7Contracts Of A Financial Nature Concluded With Non-Resident Counterparties
Polizze Di Assicurazione Sulla Vita E Di Capitalizzazione8Life Insurance And Capitalisation Policies
Contratti Derivati E Altri Rapporti Finanziari Conclusi Al Di Fuori Del Territorio Dello Stato9Derivative Contracts And Other Financial Transactions Concluded Outside Italian Territory
Metalli Preziosi Allo Stato Grezzo O Monetato Detenuti All’Estero10Precious Metals In Unwrought Or Monetized State Held Abroad
Partecipazioni Patrimonio Di Trust, Fondazioni O Altre Entità Giuridiche Diverse Dalle Società11Participations In Trusts, Foundations Or Other Legal Entities Other Than Companies
Forme Di Previdenza Gestite Da Soggetti Esteri12Pension Funds Managed By Foreign Entities
Altri Strumenti Finanziari Anche Di Natura Non Partecipativa13Other Financial Instruments, Including Those Of A Non-Participating Nature
Altre Attività Estere Di Natura Finanziaria E Valute Virtuali14Other Foreign Financial Assets And Virtual Currencies
Beni Immobili15Immovable Property
Beni Mobili Registrati (Es. Yacht E Auto Di Lusso)16Registered Movable Property (E.G. Yachts And Luxury Cars)
Opere D’Arte E Gioielli17Works Of Art And Jewellery
Altri Beni Patrimoniali18Other Assets
Immobile Estero Adibito Ad Abitazione Principale19Foreign Immovable Property Used As Main Residence
Conto Deposito Titoli All’Estero20Foreign Securities Deposit Account
Cripto-Attività21

Crypto Assets

Source Instructions to Annual Tax Return

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