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The governing coalition is working to finalize the financial coverage needed for several measures in the upcoming Budget Law. Among the proposals gaining traction is a tax revaluation procedure for investment gold, aimed at bringing privately held quantities to light while generating new revenue.
The draft amendment would allow anyone holding coins, bars or ingots on January 1, 2026, to request a fiscal revaluation even without documentation proving the original purchase cost. Applications would be accepted until June 30, 2026, and an incentivized tax rate of 12.5%—instead of the standard 26%—would apply. According to estimates, private individuals hold between 1,200 and 1,500 tonnes of investment gold in Italy.
Technical simulations suggest that even if just 10% of this amount were revalued, the State could collect between €1.67 and €2.08 billion. Meanwhile, work continues on other measures, including the anticipated introduction in 2026 of duties on small parcels from non-EU countries following the Ecofin green light. Ministries are now refining their proposals, each limited to a single intervention, as requested by Minister Luca Ciriani.
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