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Archive » October 2025 » Taxation of savings in Italy: the current situation and proposals to encourage patient investment

Taxation of savings in Italy: the current situation and proposals to encourage patient investment

Andrea Nobili, Giulio Mangiafico
October 2025 - n. 10
Keywords: Tutela del risparmio, sviluppo economico, Costituzione italiana, riforma fiscale, incentivi fiscali, armonizzazione fiscale
Jel codes: E20, H20, H29

The ongoing reform of the Italian tax system provides a valuable opportunity to comprehensively reassess taxation on savings, revising it in terms of incentives and pending legislative action. In addition to being protected by the Constitution, savings are a lever for economic development and a stimulus for investment. After providing a brief descriptive analysis of regulatory developments and the current situation, including a comparative analysis, this paper offers suggestions for renewing the focus on savings through taxation, while the need for Eu harmonisation remains.

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