The Italian Revenue Agency May 16 issued Circular No. 4/E, clarifying individual income tax (IRPEF) measures announced under the 2025 budget. The circular includes: 1) a reduction to three from four IRPEF brackets, with tax rates of 23 percent for income up to 28,000 euros (US$31,448), 35 percent for income above 28,000 euros and up to 50,000 euros (US$56,158), and 43 percent for income above 50,000 euros; 2) deduction thresholds and calculation procedures for employment income; 3) the deductibility of contributions paid to the supplementary funds of the Service National Health Service (SSN) and the non-taxability of healthcare contributions paid; ...