It is natural for the opposition to vote against the budget proposal, said Gramegna to a volley of agitation from the CSV benches. “But the opposition bad mouths everything and is trying to provoke panic. That doesn’t surprise me, but I am surprised that it comes from the party that produced the finance minister for seven legislatures.”
The 2018 budget also includes a series of tax reform measures. For example, for companies, tax credits for investment has been extended to include the acquisition of software. Costs related to start-ups, R&D and concessions, patents and licenses will also be tax deductible.
In addition, some specific types of zero emission passenger cars will become eligible for tax credits for investment regime.
Individuals, too will be able to claim a tax rebate of €2,500 for “sustainable mobility” for the acquisition after 31 December 2017 of a hybrid electric passenger car with CO2 emissions lower than 50gmCO2/km. And married individuals will also be able to opt for individual taxation of their income.