Provision of Fringe Benefits 2023

Flash News No. 32/2023

Subject: Provision of fringe benefits pursuant to Article 40 of Legislative Decree No. 48/2023, converted with amendments into Law No. 85/2023

As outlined in studio piceci News No. 13/2023 and No. 26/2023, limited to the 2023 tax period, the value of goods transferred and services provided to employees with dependent children (including children born out of wedlock and recognized, adopted or fostered children), as well as sums paid or reimbursed to such employees by employers for the payment of domestic utility bills for integrated water services, electricity, and natural gas, do not contribute to taxable income, up to an overall limit of Euro 3,000.

It is important to note that the decision to provide these benefits remains at the employer's discretion.

Should these benefits be provided, it is useful to recall some key considerations.

As previously highlighted, the recipients of this 'benefit' are employees with dependent children (including children born out of wedlock and recognized, adopted or fostered children) as defined by Article 12, paragraph 2 of the TUIR (Consolidated Income Tax Act).

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