IVS contribution exemption 2024
- giorgiafrisenda
- Jan. 25, 2024
- Reading time: 5 min
News . 3/2024
Budget Law No. 213 of December 30, 2023, provided, on an exceptional basis, for the pay periods from January 1, 2024, to December 31, 2024, for public and private employment relationships (excluding domestic employment relationships), an exemption from contributions payable by the employee, to the extent of:
6%, provided that the taxable remuneration, based on thirteen monthly payments, does not exceed the monthly amount of €2,692.00, net of the thirteenth month's salary;
7% provided that the taxable remuneration, calculated on the basis of thirteen monthly payments, does not exceed the monthly amount of €1,923.00, net of the thirteenth month's salary.
On January 16, 2024, INPS published a circular containing the conditions and instructions for applying this exceptional exemption to payroll.
Persons eligible for exemption
All employees of both private and public employers are eligible for the exemption, regardless of whether or not the employers are entrepreneurs, including apprentices, provided that the monthly salary limit and the limit on IVS contributions payable by the employee are respected.
The following are excluded , however domestic workers.