Interpretative clarifications on 2023 Corporate Welfare
- giorgiafrisenda
- Aug 2, 2023
- Reading time: 5 min
News No. 26/2023
On August 1, 2023, the Revenue Agency, with News No. 23/E, provided interpretative clarifications on the tax measures for company welfare, as provided for by Article 40 of Decree No. 48/2023 (the so-called: Labor Decree), converted, with amendments, by Law No. 85 of July 3, 2023.
We remind you that the aforementioned article established, limited to the 2023 tax period, exclusively for employees with dependent children, an increase to 3,000 euros (three thousand) of the exemption limit for fringe benefits provided for by Article 51, paragraph 3 (third period) of the Consolidated Income Tax Act (TUIR) No. 917/1986, while, for all workers who do not have dependent children, the exemption limit for 2023 remains equal to 258.23 euros.
The limit increased to the sole category of employees with dependent children includes. -the sums paid or reimbursed to them by employers for the payment of domestic utilities for the integrated water service, electricity and natural gas.-
Since the measure for the payment of domestic utilities also concerned the 2022 tax year, in order to avoid multiple uses of the benefit in relation to the same expenses, the sums already paid to the worker and referring to invoices issued in 2023 but relating to consumption in 2022, cannot be considered for the purposes of the new concession, if already reimbursed by the employer previously by January 12, 2023.
The Revenue Agency has clarified the subjective scope, the method of application and the objective scope of the facilitated measure.
Subjective scope
The measure applies to holders of income from employment and income similar to that from employment for which income is determined in accordance with the provisions of Article 51 of the TUIR.
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