The Christmas Bonus

Flash News No. 32/2024

The “Christmas Bonus” allowance, provided for by the “Omnibus” Legislative Decree No. 113/2024, concerning “Urgents fiscal measures, extensions of regulatory deadlines, and economic interventions,” consists of a one-off benefit for employees who meet specific income and family requirements. The Italian Revenue Agency has published, with News No. 19/E, the initial guidelines for its utilization.

The required criteria are summarized as follows:

1) It is necessary to be an employee, in both the public and private sectors; the Bonus is not granted, for example, to all those who receive income assimilated to employment income as per Art. 50 of the Consolidated Income Tax Act (T.u.i.r.).

2) It is necessary to have employment income in 2024, regardless of the contractual type (permanent, fixed-term, part-time, full-time);

3) The employee's total income for 2024 must not exceed €28,000.00 (calculated net of the income from the real estate unit used as a principal residence and its related appurtenances). In this regard, the so-called reference income (i.e., the total income to be used for determining tax benefits (including the bonus in question), also taking into account income subject to flat-rate rental tax, income subject to substitute tax under the flat-rate regime for businesses, arts, or professions, the ACE tax relief quota, and sums disbursed to private sector workers employed in accommodation facilities and food and beverage establishments as gratuities (so-called tips), subject to substitute tax).

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