The 2025 Budget Law – tax measures for workers and businesses

News No. 1/2025

Law No. 207 of December 30, 2024, containing provisions on the "State budget for the financial year 2025 and multi-year budget for the three-year period 2025-2027," came into force on January 1, 2025.

The law, consisting of a single article and 908 paragraphs, highlights important measures for workers and businesses, of which the main tax-related ones are summarized in this News.

Index

1)             Stabilization of income brackets and Irpef rates and new tax wedge (art. 1 paragraphs 2 to 9) pg. 2-3

2)            The new mechanism of tax deductions (art. 1 paragraphs 10-11) pg. 3-4

3)             News for the flat-rate scheme (art. 1 paragraph 13) pg. 4

4)            News for company cars (art. 1 paragraph 48) pg. 4

5)             Traceability of travel and representation expenses (art. 1 paragraphs 81-86) pg. 5

6)            Tax exemption for tips (art. 1 paragraph 520) pg. 5

7)             Tax relief for overtime and night work (art. 1 paragraphs 396-398) pg. 5

8) Additional Irpef updates (art. 1, paragraphs 726-729; 750-752) page 6

9) Productivity bonuses and profit sharing (art. 1, paragraph 385) page 6

10) Fringe benefits for newly hired employees (art. 1, paragraphs 386-389) page 6

11) Fringe benefits (art. 1, paragraphs 390-391) page 6-7

12) Tax incentives for new hires (art. 1, paragraphs 399-400) page 7

13) IRES premium (art. 1, paragraphs 436-444) page 7-8

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