On the evening of 23 January, Italy’s council of ministers approved a decree-law that will reduce income tax for employees whose annual gross revenue is below €40,000. Italy’s 2020 budget law set aside close to €3 billion this year for the measure, which will affect 16 million workers and will take effect in July.
The so-called ‘urgent measures to reduce the tax burden on the work of employees’ apply both to private and public sector workers and have been formulated according to revenue.
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