This tax would replace IRPEF and IRAP, and businesses opting for the regime forfettario would not be subject to VAT. There would also be a 35 per cent reduction in social security contributions for sole proprietorships.
This decision comes in line with a decline in inflation to 5% at the end of next year projected in the baseline scenario of the updated macroeconomic forecast. What price developments followed the last monetary policy meeting of the NBU Board?