The Italian Council of Ministers Oct. 14 issued Press Release No. 145, announcing the presentation of the Draft Budgetary Document (DBP), previewing the draft budget law for 2026-2028. The measures include: 1) reducing the second individual income tax (IRPEF) rate from 35 percent, to 33 percent; 2) extending the deduction for construction work to 2026; 3) creating a tax for businesses located in special economic zones (SEZs) and simplified logistics zones (SLZs) over the three-year period; and 4) extending the sterilization of the plastic and sugar tax to Dec. 31, 2026. The announcement also includes the same date approval of ...