In the draft of the Budget Law 2024, some residual measures were included that, however, could result in significant fiscal impact for taxpayers.
Indeed, the text calls for raising VAT on baby and feminine hygiene products to 10 percent, as well as increasing excise taxes on tobacco and substitute products. The deadlines are then reopened for the revaluation for tax purposes, upon payment of a substitute tax, of the cost of land and shareholdings held by individuals, simple companies, companies treated as such and noncommercial entities. Also important are the prospective changes to the #civilcode that could facilitate the movement of donated property.