2024 IVS Contribution Exemption
- giorgiafrisenda
- Jan 25, 2024
- Reading time: 5 min
News No. 3/2024
The Budget Law No. 213 of December 30, 2023, has exceptionally provided, for pay periods from January 1, 2024, to December 31, 2024, for public and private employment relationships (excluding domestic work relationships), a contribution exemption for the employee's share, amounting to:
6%, provided that the taxable remuneration, calculated over thirteen months, does not exceed the monthly amount of 2,692.00 euros, net of the thirteenth-month salary accrual;
7%, provided that the taxable remuneration, calculated over thirteen months, does not exceed the monthly amount of 1,923.00 euros, net of the thirteenth-month salary accrual.
INPS, on January 16, 2024, published the News containing the conditions and instructions for applying this exceptional exemption in payroll.
Entities Eligible for the Exemption
All employees of both private and public employers are eligible for the exemption, regardless of whether the employers operate as businesses, and this includes apprentices, always subject to the monthly remuneration limit and the limit of IVS contributions borne solely by the employee.
Excluded , however, are domestic workers.
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