Fringe benefits 2023 – further information on contributions to the Previr-Pastore fund

News Flash No. 38/2023

Following further investigation and clarification, we inform you that the contributions paid to Previr-Pastore as insurance premiums for extra-occupational accident risk, are considered as benefits in kind, not subject to contributions, and therefore the relative amount will contribute to the amount of tax-free fringe benefits up to the threshold limit of EUR 258.23, or the higher threshold limit of EUR 3,000.00 provided for by the legislator for 2023 only for workers with dependent children.

Consequently, if the sum of the fringe benefits, including the contributions paid to Previr-Pastore, exceeds the tax-free threshold limit, the entire value will be considered for the purposes of determining the amount to be taxed, which will differ from the amount to be subjected to contributions in the presence of benefits in kind relating to insurance premiums not subject to social security contributions (premiums subject only to a solidarity contribution, such as the contribution paid to Previr-Pastore).

During the adjustment phase, if the total amount of benefits in kind is higher than the relative exemption limit, the amount of insurance premiums will be considered as deductible expenses at a rate of 19% on a maximum amount of EUR 530.00, which rises to EUR 750 for premiums relating to the risk of death that protect people with serious disabilities.

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