Bonus for those under 35 – News 57/2020
- Studio Piceci
- May 10, 2020
- Reading time: 8 min
Update: April 28, 2022
As is well known, Law 160/2019, amending Article 1, paragraph 102, of Law 295/2017, provides that, for new hires in 2019 and 2020, workers up to 35 years of age (34 years and 364 days) the application of an exemption from the payment of social security contributions by the employer. The "basic" condition is that the recruitment takes place with a permanent employment contract with increasing protections. If the other conditions are met, the benefit will be applicable for a maximum period of 36 months from the date of hiring the worker and may be recognized, for any remaining period, to any other employers who hire the same person.
From 2021, the age limit for applying the exemption will be set at 30 years of age.
With the issuance of this circular, INPS orders the adjustment in Uniemens, starting from the month of April 2020, for the bonus in question.
Below is a summary of the most important points of the circular referred to in the subject line.
From a subjective point of view, the contribution exemption in question is "dedicated" to the hiring of young workers who, throughout their entire working life, have never been employed on a permanent basis.
With regard to EU legislation, the benefit constitutes a generalized measure, i.e., one potentially aimed at all private employers operating in any economic sector in the country, whose production units are located in any area of the national territory.
Therefore, it is necessary to specify that the regulation does not determine an advantage in favor of certain companies, production sectors, or geographical areas of the national territory.
Interested employers
Private entities (companies, professional firms, associations, foundations, non-profit organizations, public economic entities, etc.)
NO Public administrations and domestic employers.
Duration of subsidy: 36 months