Italy's Council of Ministers approved the draft law for the State budget for year 2026 and multi-year budget for 2026-2028 during their meeting held on 17 October 2025. The measures are outlined in the release on the meeting, including the measures presented by the Ministry of Finance on 14 October. As previously reported, this includes a reduction in the second individual income tax bracket rate from 35% to 33%, although the 35% rate is maintained for individuals with taxable income exceedi…