Italy has published Law No. 199 of 30 December 2025 on the State Budget for 2026 and the multi-year budget for 2026-2028. Some of the main tax measures include:
- A reduction in the second individual income tax bracket rate from 35% to 33%, although for individuals with taxable income exceeding EUR 200,000, the benefit of the reduction is effectively neutralized through a reduction in tax deductions;
- The annual substitute tax for high-net-worth individuals relocating to Italy is increased fro…