The Christmas Bonus

News Flash n. 32/2024

The “Christmas Bonus” allowance, provided for by the “Omnibus” Decree-Law n. 113/2024 containing “Urgent measures of a fiscal nature, extensions of regulatory terms and economic interventions”, consists of a One-Time benefit for employees who meet certain income and family requirements. The Revenue Agency has published, with News n. 19/E, the first indications to be able to take advantage of it.

The required criteria are summarized below:

1) It is necessary to be an employee, both in the public and private sectors; the Bonus is not due, for example, to all those who receive income similar to employed income pursuant to art. 50 of the T.u.i.r.;

2) It is necessary to be the holder of income from employed work in 2024, regardless of the type of contract (permanent, fixed-term, part-time, full-time);

3) The total income of the employee for 2024 must not exceed euro 28,000.00 (considering it net of the income of the real estate unit used as the main residence and that of the related appurtenances). In this regard, the so-called reference income (i.e. the total income to be used for the determination of tax benefits (including the bonus in question), also taking into account income subject to separate taxation, income subject to substitute tax in application of the flat-rate scheme for those carrying out business, art or profession activities, the share of ACE allowance and the sums paid to workers in the private sector, employed in accommodation facilities and in food and beverage establishments as gratuities (so-called tips), subject to substitute tax.

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