As far as banks are concerned, the budgetary provisions would include changes to the deductibility, on the one hand, of loan write-downs associated with the start of IFRS9 and, on the other, of cost items resulting in tax deferred assets convertible into tax credits (these are loan write-downs made up to 2015 as well as depreciation allowances for goodwill and other intangibles entered in the balance sheet up to 2014).
Overall, these measures would produce an increase of € billion in revenue in the next three years, which would be offset by a reduction in receipts of the same amount in the following years. For the insurance sector, the budgetary provisions envisage an increase in the tax paid on account on insurance premiums.