Italy's Council of Ministers approved the draft law for the State budget for 2027 and multi-year budget for 2027-2029 during their meeting held on 28 October 2026. Tax measures approved include:
- An increase in the upper bracket limit for the 33% tax bracket from EUR 50,000 to EUR 55,000;
- Confirmation of the 5% substitute tax on salary increases resulting from contractual renewals in the private sector;
- The introduction of a 1% substitute tax for 2027 on employment income increases for young…