Important news regarding year-end adjustments
- giorgiafrisenda
- December 12, 2022
- Reading time: 5 min
News . 51/2022
For the purposes of year-end tax adjustments and following the entry into force, on November 19, 2022, of Decree Law No. 176/2022 (known as the Aiuti Quater Decree), we would like to remind you that the contribution and tax exemption threshold for fringe benefits, i.e., goods and services provided to employees, including sums paid or reimbursed to them for the payment of domestic utilities for integrated water services, electricity, and natural gas, is, exceptionally and only for the 2022 tax period, raised to €3,000.
The raising of the threshold for fringe benefits affects both income from employment and income equivalent to income from employment (Article 50 of the TUIR (Consolidated Income Tax Law) provides an exhaustive list of income equivalent to income from employment, including, for example: scholarships, grants, bonuses, and subsidies paid for study or professional training purposes, sums received for participation in boards and commissions, sums received for acting as director, auditor, or auditor of companies, associations, and other entities with or without legal personality, and compensation deriving from coordinated and continuous collaborations).
Below is a non-exhaustive list of goods and services that fall within the scope of "fringe benefits":
The conventional value of the company car granted for mixed use;
The conventional value of housing provided to employees;
Gift cards, shopping vouchers, "mobility" vouchers (car sharing and bike sharing subscriptions or electric scooter rental), Christmas hampers;