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The newsletter provided is for informational use only, for all practical purposes or further assistance, please contact us. The contents are translated into English through an AI software and may present imperfections, therefore we invite you to contact us for further clarifications.
Determination for the year 2024 of the minimum and maximum thresholds for calculating all social security and welfare contributions owed by all employees
News No. 7/2024 In its “ News ” No. 21/2024, INPS announced the minimum daily wage amounts for the year 2024, as well as the reference values for calculating contributions. This notice specifically outlines the following: The annual maximum limit for the contribution and pension base; The minimum wage for all employees; The minimum hourly wage for part-time employees; The portion of wages
Feb. 12, 2024Reading time: 6 min
IVS Contribution Exemption for Working Mothers in 2024
News No. 6/2024 Attachment: Sample form for reporting children’s tax ID numbers Article 1 of Budget Law No. ...
Feb. 9, 2024Reading time: 5 min
2023 Substitute Tax on Severance Pay (TFR) Balance and Handling of Any Credit for Offset on the F-24 Form
News Flash No. 5/2024 Due to the significant reduction in the revaluation rate for severance pay (which was nearly 10% last year but has dropped considerably this year to 1.944162%), the calculation of the substitute tax balance has resulted in a credit, due to the fact that the advance payment was based on the rate of 9.9745%, in effect as of December 31, 2022, while the balance was calculated using the rate in effect as of December 31, 2023.
Feb. 2, 2024Reading time: 2 min
Activate the online application for the contribution exemption for private employers who hold the 2023 Gender Equality Certification
News Flash No. 4/2024 The INPS portal has been updated with the release of the new online application form “SGRAVIO PAR_GEN_2023,” which can be used to submit requests for the contribution exemption (for private employers) if, by December 31, 2023, they obtain the gender equality certification referred to in Article 46-bis of Legislative Decree No. 198/2006 (Code on Equal Opportunities for Men and Women). This measure entails exemption from the
Jan. 29, 2024Reading time: 3 min
IVS Contribution Exemption for 2024
News No. 3/2024 Budget Law No. 213 of December 30, 2023, provided, on an exceptional basis, for pay periods from January 1, 2024, to December 31, 2024, for public and private-sector employment relationships (excluding domestic employment relationships), an exemption from the employee’s share of social security contributions, amounting to 6%, provided that the taxable income—calculated on the basis of thirteen months’ pay—does not exceed the monthly amount of €2,692.00, as of
Jan. 25, 2024Reading time: 5 min
The 2024 Budget Act
News No. 2/2024 On December 30, 2023, Law No. 213 was enacted regarding the “State Budget for Fiscal Year 2024 and the Multi-Year Budget for the 2024–2026 Period.” It entered into force on January 1, 2024, with the exception of the provisions set forth in paragraph 296, which entered into force on December 30, 2023. This year’s Budget Law was divided into two Sections: Section I, consisting of a single article and 561 paragraphs, co
Jan. 18, 2024Reading time: 13 min
Updates from the Law Converting the Advance Payments Decree
News Flash No. 1/2024 On December 17, 2023, Law No. 191 came into effect, converting Decree-Law No. 145/23 (known as the “Advance Payments Decree”). Here is a summary of the main changes regarding labor matters: Fringe Benefits on Loans Granted to Employees We would like to draw particular attention to the amendment to tax regulations concerning loans granted by employers to employees, in light of the significant burden imposed by the n
Jan. 8, 2024Reading time: 2 min
The New IRPEF for 2024
News No. 41/2023 Based on the draft Legislative Decree on the “Implementation of the First Phase of the Personal Income Tax Reform and Other Measures Concerning Income Taxes,” approved by the Council of Ministers, the IRPEF tax rates and income brackets will change for the 2024 tax year. The aim is to overhaul the personal income tax system and gradually reduce the related tax
Dec. 18, 2023Reading time: 4 min
New Requirements for Handling Reports of Wrongdoing – Whistleblowing Regulations
News Flash No. 40/2023 We would like to inform our valued clients that the deadline for compliance with the legal requirements for private employers who have employed an average of at least 50 employees over the past twelve months—as well as for employers who, despite having fewer than 50 employees, are engaged in financial services and products, to implement anti-money laundering measures and measures to prevent the financing of
Dec. 1, 2023Reading time: 3 min
Fringe Benefits 2023 – An In-Depth Look at Contributions to the Previr-Pastore Fund
News Flash No. 38/2023 Following further review and clarification, we hereby inform you that the contributions paid to Previr-Pastore as insurance premiums for non-occupational accident risks are considered compensation in kind, not subject to social security contributions; therefore, the relevant amount will count toward the total of exempt fringe benefits up to the threshold of 258.23 euros, or the higher threshold of €3,000.00 established by law for
Nov. 24, 2023Reading time: 2 min
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