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Italy’s 2026 Budget Deluge: 5,500 Amendments as Ruling Bloc Pushes Gold Levy and Parcel Fee

Scrutiny now shifts to a Nov. 18 shortlist, with one‑off levies viewed as crucial to closing the budget gap.

Overview

  • Roughly 5,500 amendments were filed in the Senate Budget Committee, to be narrowed to about 414 “signaled” items by Nov. 18 before negotiations with the Economy Ministry.
  • The majority’s marquee proposal is a temporary substitutive tax to revalue investment gold at an agevolated 12.5–13% rate, targeting coins and bars (not jewelry) and modeled on past regularizations.
  • Backers estimate €1.67–2.08 billion in receipts with about 10% take‑up, while M5S and Avs decry the plan as an amnesty and technical officials flag uncertainty over the actual yield.
  • EU finance ministers are poised to end customs exemptions on small extra‑EU parcels, and Italian proposals include a possible €2 eco‑charge on packages under 2 kg as a domestic revenue option.
  • A Treasury decree already in force updates IMU guidance, giving mayors defined flexibility for 2026 rates, including potential relief for second homes used seasonally and for uninhabitable properties.