The Italy Government Passed The Budget Act 2020.

According to the 24 hours Sun (Il Sole 24 Ore) in October 15th (2019) October 15th, the prime minister's Office (Co) Nsiglio Dei Ministri) is passed the "2020 Budget Act" (LA Legge di Bilancio per 2020) containing the contents of the IL DL FISCO, and will be submitted to the EU executive committee to assess whether the public financial measures contained therein conform to the requirements of sustainability and consistency.

The main contents of the law include:

(1) temporarily increase the value added tax (IVA, VAT): in order to prevent the value added tax from going up in January (109), the government of the Republic of justice will raise 23 billion 100 million euros to freeze the possibility of readjusting the tax rate in any year or to take intervention measures.

(two) reduce the upper limit of cash transactions year by year: the plan dropped from 3000 Europe in 2020 to 2000 in 2021, and finally dropped to 1000 euro.

(three) reduce labour tax rate: labour is a direct beneficiary group. It plans to reduce the labor tax burden from 2020. The Cuneo fiscale will reduce the euro area by 3 billion euros from the new year. The final reduction target will be 6 billion euros. In addition, it plans to carry out a comprehensive reform of the personal income tax (Irpef).

(four) industrial 4 Fund: in the light of the central fund of small and medium enterprises, the incentive mechanism for small and medium enterprises that conform to the 4 industry of the industry should be promoted as a subsidy upgrade production system. In addition, Super and Iper Ammortamento should be given to technology assets, software and circular economy. In addition, the financing of SMEs will be supported by the Sabatini method and the "4 training for employees" (LA Formazione 4) tax relief.

(five) family funds: 500 million euros are allocated to support general family funds. A series of related measures include providing free childcare services and providing child rearing incentives (Bo). NUS Figli);

(six) promoting a cash free trading system: fines for businesses that do not accept credit card payment, and in addition to paying 30 euros in fixed penalty, the additional penalty is also imposed on 4% of the original transaction amount. In addition, consumers are encouraged to pay for electronic payment, and at the end of the year, a certain percentage of "cash rebates" (cashback) and the maximum consumption of 2500 euros will be used to pay 19% of the amount of "relief" (Bo). NUS Befana) system;

(seven) continuing to crack down on tax evasion: it will aggravate the penalty for evading tax evasion, and those who escape tax evasion will be regarded as "fraud". The number of years in prison will be increased to eight years.

(eight) Green new deal is introduced for the sustainable environment: to encourage the replacement of exhaust gas to replace the old type of steam turbine which does not conform to the environmental protection, the subsidy vehicle is destroyed by 1500 Euro Award for vehicles under Euro 3, and the reward for the same type locomotive is 500 euros.