Italian 2026 Finance Bill – Key Tax Measures: Support for Middle and Low Incomes | Revision of IRPEF tax brackets | Abolition of reduced 21% rate on short term lettings | 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

Table of Interest Rates – Income Tax

The rates of interest on overdue tax is a matter of some complexity. The Italian Parliament has, over the years, proposed simplification but the relevant draft legislation has not so far been enacted. Numerous different rates apply to different kinds of tax in different circumstances.  The table below shows the base table of legal interest rates over the years, but individual taxes will likely have different rates applicable.   Given the complexity you should always seek professional advice if you need an exact calculation.

Table of Legal Interest Rates
From To Rate Legislation
21/04/1942 15/12/1990 5,00% Art. 1284 cod.civ.
16/12/1990 31/12/1996 10,00% L. 353/90 e L.408/90
01/01/1997 31/12/1998 5,00% L. 662/96
01/01/1999 31/12/2000 2,50% Dm Tesoro 10/12/1998
01/01/2001 31/12/2001 3,50% Dm Tesoro 11/12/2000
01/01/2002 31/12/2003 3,00% Dm Economia 11/12/2001
01/01/2004 31/12/2007 2,50% Dm Economia 01/12/2003
01/01/2008 31/12/2009 3,00% Dm Economia 12/12/2007
01/01/2010 31/12/2010 1,00% Dm Economia 04/12/2009
01/01/2011 31/12/2011 1,50% Dm Economia 07/12/2010
01/01/2012 31/12/2013 2,50% Dm Economia 12/12/2011
01/01/2014 31/12/2014 1,00% Dm Economia 12/12/2013
01/01/2015 31/12/2015 0,50% Dm Economia 11/12/2014
01/01/2016 31/12/2016 0,20% Dm Economia 11/12/2015
01/01/2017 31/12/2017 0,10% Dm Economia 7/12/2016
01/01/2018 31/12/2018 0,30% Dm Economia 13/12/2017
01/01/2019 31/12/2019 0,80% Dm Economia 12/12/2018
01/01/2020 31/12/2020 0,05% Dm Economia 12/12/2019
01/01/2021 31/12/2021 0,01% Dm Economia 11/12/2020
01/01/2022 31/12/2022 1,25% Dm Economia 13/12/2021
01/01/2023 — 5,00% Dm Economia 13/12/2022
Source:
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