Year-end adjustments, various and sundry

With reference to the year-end tax and social security adjustment that will be carried out with the remuneration relating to the month of December 2021, we are asking you for the following documentation, if present, and, for organizational reasons, we kindly ask you to send it to the Studio no later than December 20, 2021:

1) Insurance policies: if insurance policies have been stipulated in favor of employees, managers and collaborators, if you have not yet done so, you must send us the extracts of the policies and/or the receipts of payments made in 2021, distinguishing them between:

• Premiums for insurance policies covering the risk of death or permanent disability not less than 5% (for contracts stipulated or renewed after 2001) and against professional and extra-professional accidents (in the case of cumulative policies, it is necessary to indicate the percentage of incidence for extra-professional risk);

• Premiums for insurance policies covering the risk of non-self-sufficiency in performing daily life activities;

• Premiums for health insurance.

The documentation must be sent to the Studio even if the payments were made to "Entities and Funds with exclusively welfare purposes" and "In accordance with the provisions of the contract or agreement or company regulation".

For each of these, it will be necessary to provide the names of the workers affected by the insurance coverage with an indication of the relative amounts paid.

2) Fringe benefit: since the benefit provided for free distributions was abolished on 29/05/2008, if the employer recognizes, even on the occasion of Christmas holidays, goods and/or services or vouchers representing them, even if provided by third parties (benefits in kind and not in cash), the value of which does not exceed, in the tax period, together with other fringe benefits, Euro 516.46 for the year 2021, the tax exemption (tax and social security) can be applied. We ask you to send us a list with the value of the Christmas package or other goods eventually recognized to employees and/or quasi-employees.

3) Provisional Single Certifications other employment relationships: companies are invited to inform their employees and collaborators that if the latter have had more than one employment relationship during the year 2021, there is the possibility of carrying out the tax adjustment operations with the salary relating to the month of December 2021, by delivering to the current employer the tax forms in their possession, which may contain all the data necessary for the adjustment, with particular reference to information relating to income from employment and similar income, taxes paid, deductions for employment and those for family dependents.

4) Tax Relief on Productivity-Related Compensation: For companies that have signed second-level agreements for the disbursement of amounts related to productivity bonuses, in order for the substitute tax (and therefore the benefit) to be applied to these amounts, the employee must request it in writing, provided that the income requirements are met (income limit of Euro 80,000.00 in the year 2020), only in the following cases:

• a) The substitute required to apply the substitute tax is not the same one that issued the Single Certification for 2020;

• b) The substitute required to apply the substitute tax issued the Single Certification for 2020 for a period of less than one year;

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