Exemption for the Hiring of Young People Under 36 – Operational Instructions.
- June 30, 2023
- Reading time: 20 min
News No. 20/2023
With News No. 57/2023 , INPS provided operational instructions regarding the application of the exemption for the hiring of young people on permanent contracts and for the conversion of contracts to permanent status carried out from July 1, 2022, through December 31, 2023.
With regard to the period in question, it is worth noting that the circular mentioned above provides, specifically, guidelines and operational instructions concerning:
The tax exemption applicable to the hiring or conversion to permanent employment of individuals under 36 that took place from July 1, 2022, to December 31, 2022, as provided for in Article 1, paragraph 10 of the 2021 Budget Law, and
the exemption provided for the hiring or conversion to permanent employment of young people under 36 that took place from January 1, 2023, to December 31, 2023, as provided for in the 2023 Budget Law.
In both cases, in order to be eligible for the incentive-based hiring program, applicants must not have reached their 36th birthday as of the date of the event and must not be ever been employed under a permanent employment contract, either with the same or another employer.
News No. 57/2023 follows the long-awaited authorization from the European Commission, which was granted by Decision C(2023) 4061 final of June 19, 2023, which authorizes the granting of exemptions for the hiring or conversion to permanent contracts of individuals meeting certain requirements, carried out from July 1, 2022, through December 31, 2023.
The following outlines the main points of INPS Circular No. 57/2023 concerning private employers.
Employers Eligible for the Benefit
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