Important news for year-end adjustments

News n.51/2022

For the purposes of the year-end tax adjustment and as a consequence of the entry into force, from 11/19/2022, of Law Decree No. 176/2022 (so-called Decreto Aiuti Quater), we remind you that the contribution and tax exemption threshold for fringe benefits, i.e., goods transferred and services provided to employees, including sums paid or reimbursed to them for the payment of household utility bills for the integrated water service, electricity, and natural gas, is, exceptionally and only for the 2022 tax period, raised to 3,000 euros.

The increase in the fringe benefits threshold affects both income from employment and income assimilated to income from employment (Article 50 of the TUIR exhaustively lists which incomes are assimilated to income from employment, including, for example: scholarships, allowances, prizes and subsidies paid for study or professional training purposes, sums received for participation in boards and commissions, sums received for the activity of director, statutory auditor or auditor of companies, associations and other entities with or without legal personality, compensation deriving from coordinated and continuous collaborations).

Here is a non-exhaustive list of goods and services that fall into the “fringe benefits” basket:

• The conventional value of the company car granted for mixed use;

• The conventional value of housing granted to employees;

• Gift cards, shopping vouchers, “mobility” vouchers (car sharing and bike subscriptions sharing or electric scooter rental), Christmas hampers;

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