The Italian Revenue Agency has released a provisional model for the 2025 tax season, which includes separate taxation income reporting for non-VAT registered taxpayers.
This updated 730 model features a broader scope, allowing taxpayers to declare income subject to separate taxation or substitute tax. Key changes include a restructuring of income tax brackets, a new favorable regime for agricultural income, updates on short-term rental taxation, a thirteenth-month bonus, and a €100 allowance related to employment duration.
Additionally, the draft 770 form has been made available for employers and pension entities to report tax data for withholdings made in 2024.
On the same day, the Council of Ministers approved a decree to implement multiple changes to the ISEE regulations. This decree will be sent to the Court of Auditors for registration and subsequent publication in the Official Gazette. A significant change is the exclusion of state bond values and certain financial products from ISEE calculations, up to a maximum of €50,000.
Furthermore, families with disabled or non-self-sufficient members can now exclude assistance, pension, and indemnity payments from each member's income calculation, including debit cards received due to disability status.